Signaturefd LLC Trims Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Signaturefd LLC reduced its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,410 shares of the company’s stock after selling 180 shares during the period. Signaturefd LLC’s holdings in New Oriental Education & Technology Group were worth $183,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of EDU. Price T Rowe Associates Inc. MD purchased a new stake in shares of New Oriental Education & Technology Group in the first quarter worth $103,392,000. Farallon Capital Management LLC boosted its stake in New Oriental Education & Technology Group by 139.0% in the 2nd quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company’s stock worth $114,231,000 after purchasing an additional 854,590 shares in the last quarter. Millennium Management LLC grew its position in New Oriental Education & Technology Group by 147.5% during the 2nd quarter. Millennium Management LLC now owns 731,758 shares of the company’s stock valued at $56,880,000 after purchasing an additional 436,098 shares during the last quarter. Thornburg Investment Management Inc. increased its stake in New Oriental Education & Technology Group by 211.7% during the 2nd quarter. Thornburg Investment Management Inc. now owns 553,694 shares of the company’s stock valued at $43,058,000 after purchasing an additional 376,036 shares in the last quarter. Finally, WT Asset Management Ltd raised its holdings in New Oriental Education & Technology Group by 21.4% in the second quarter. WT Asset Management Ltd now owns 1,730,772 shares of the company’s stock worth $134,533,000 after buying an additional 304,712 shares during the last quarter.

New Oriental Education & Technology Group Stock Down 0.7 %

Shares of NYSE EDU opened at $60.75 on Monday. The firm’s 50-day moving average price is $66.87 and its 200-day moving average price is $73.87. New Oriental Education & Technology Group Inc. has a 52-week low of $58.60 and a 52-week high of $98.20. The company has a market cap of $10.31 billion, a PE ratio of 32.84 and a beta of 0.47.

New Oriental Education & Technology Group (NYSE:EDU) last posted its earnings results on Wednesday, October 23rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.27. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. New Oriental Education & Technology Group had a net margin of 7.18% and a return on equity of 7.50%. The firm’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. As a group, equities research analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.85 EPS for the current fiscal year.

New Oriental Education & Technology Group Dividend Announcement

The company also recently announced a — dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were given a $0.58 dividend. The ex-dividend date of this dividend was Monday, September 9th.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EDU shares. StockNews.com upgraded shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley set a $83.00 price objective on New Oriental Education & Technology Group in a research report on Thursday, October 17th. Finally, Citigroup reduced their target price on New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.67.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.