New Oriental Education & Tech Grp (NYSE:EDU) Holdings Raised by Raymond James Financial Services Advisors Inc.

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Raymond James Financial Services Advisors Inc. raised its position in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 55.6% in the first quarter, HoldingsChannel.com reports. The fund owned 7,141 shares of the company’s stock after buying an additional 2,551 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in New Oriental Education & Tech Grp were worth $643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in EDU. Genesis Asset Managers LLP bought a new stake in shares of New Oriental Education & Tech Grp in the first quarter valued at about $455,291,000. Norges Bank bought a new stake in shares of New Oriental Education & Tech Grp in the fourth quarter valued at about $111,765,000. Sustainable Growth Advisers LP lifted its stake in shares of New Oriental Education & Tech Grp by 109.6% in the fourth quarter. Sustainable Growth Advisers LP now owns 2,473,373 shares of the company’s stock valued at $135,566,000 after buying an additional 1,293,208 shares during the period. Two Sigma Advisers LP lifted its stake in shares of New Oriental Education & Tech Grp by 322.9% in the fourth quarter. Two Sigma Advisers LP now owns 1,627,600 shares of the company’s stock valued at $89,209,000 after buying an additional 1,242,700 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of New Oriental Education & Tech Grp by 149.5% in the fourth quarter. Two Sigma Investments LP now owns 1,411,096 shares of the company’s stock valued at $77,342,000 after buying an additional 845,415 shares during the period. Institutional investors own 86.43% of the company’s stock.

Several equities research analysts recently weighed in on the stock. TheStreet upgraded shares of New Oriental Education & Tech Grp from a “c+” rating to a “b” rating in a research note on Thursday, April 25th. CICC Research upgraded shares of New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $92.97 target price for the company in a research note on Wednesday, April 24th. Zacks Investment Research upgraded shares of New Oriental Education & Tech Grp from a “hold” rating to a “strong-buy” rating and set a $95.00 target price for the company in a research note on Tuesday, March 26th. Nomura increased their target price on shares of New Oriental Education & Tech Grp from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Citigroup increased their target price on shares of New Oriental Education & Tech Grp from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $90.37.

Shares of EDU opened at $89.60 on Thursday. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 47.91, a price-to-earnings-growth ratio of 0.92 and a beta of 1.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.63 and a quick ratio of 1.61. New Oriental Education & Tech Grp has a 12 month low of $50.30 and a 12 month high of $106.97.

New Oriental Education & Tech Grp (NYSE:EDU) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The firm had revenue of $796.70 million during the quarter, compared to analysts’ expectations of $788.52 million. New Oriental Education & Tech Grp had a net margin of 8.80% and a return on equity of 14.88%. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share. As a group, sell-side analysts anticipate that New Oriental Education & Tech Grp will post 1.68 earnings per share for the current fiscal year.

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New Oriental Education & Tech Grp Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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Institutional Ownership by Quarter for New Oriental Education & Tech Grp (NYSE:EDU)

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