Healthcare of Ontario Pension Plan Trust Fund Buys 56,100 Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 3.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,480,400 shares of the company’s stock after buying an additional 56,100 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.87% of New Oriental Education & Technology Group worth $115,071,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE raised its position in shares of New Oriental Education & Technology Group by 23.0% during the fourth quarter. US Bancorp DE now owns 11,379 shares of the company’s stock worth $834,000 after purchasing an additional 2,126 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of New Oriental Education & Technology Group by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,374,408 shares of the company’s stock valued at $173,997,000 after buying an additional 646,122 shares in the last quarter. CenterBook Partners LP acquired a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at about $471,000. AdvisorShares Investments LLC acquired a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at about $933,000. Finally, Seven Eight Capital LP bought a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth about $1,925,000.

New Oriental Education & Technology Group Price Performance

EDU opened at $78.49 on Thursday. New Oriental Education & Technology Group Inc. has a 1 year low of $57.21 and a 1 year high of $98.20. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 42.04 and a beta of 0.47. The firm’s fifty day moving average price is $65.80 and its two-hundred day moving average price is $76.01.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.19). The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. New Oriental Education & Technology Group had a return on equity of 7.50% and a net margin of 7.18%. As a group, equities analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.83 EPS for the current year.

New Oriental Education & Technology Group Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Citigroup dropped their price target on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.67.

About New Oriental Education & Technology Group

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.