Janus Henderson Group PLC Raises Stake in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Janus Henderson Group PLC raised its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 11.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 30,895 shares of the company’s stock after buying an additional 3,287 shares during the period. Janus Henderson Group PLC’s holdings in New Oriental Education & Technology Group were worth $2,342,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EDU. Aspex Management HK Ltd grew its position in New Oriental Education & Technology Group by 46.7% in the third quarter. Aspex Management HK Ltd now owns 4,753,340 shares of the company’s stock worth $360,493,000 after acquiring an additional 1,513,640 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in New Oriental Education & Technology Group by 20,215.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 994,431 shares of the company’s stock worth $75,418,000 after acquiring an additional 989,536 shares during the period. Farallon Capital Management LLC grew its position in New Oriental Education & Technology Group by 139.0% in the second quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company’s stock worth $114,231,000 after acquiring an additional 854,590 shares during the period. Millennium Management LLC grew its position in New Oriental Education & Technology Group by 147.5% in the second quarter. Millennium Management LLC now owns 731,758 shares of the company’s stock worth $56,880,000 after acquiring an additional 436,098 shares during the period. Finally, Thornburg Investment Management Inc. grew its position in New Oriental Education & Technology Group by 211.7% in the second quarter. Thornburg Investment Management Inc. now owns 553,694 shares of the company’s stock worth $43,058,000 after acquiring an additional 376,036 shares during the period.

Analysts Set New Price Targets

Several research analysts recently weighed in on EDU shares. StockNews.com upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Morgan Stanley set a $83.00 target price on shares of New Oriental Education & Technology Group in a report on Thursday, October 17th.

New Oriental Education & Technology Group Stock Performance

New Oriental Education & Technology Group stock opened at $62.53 on Friday. The company has a market capitalization of $10.61 billion, a PE ratio of 26.72 and a beta of 0.46. The firm has a 50 day moving average price of $63.70 and a 200 day moving average price of $68.57. New Oriental Education & Technology Group Inc. has a fifty-two week low of $54.00 and a fifty-two week high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.27. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. As a group, equities research analysts forecast that New Oriental Education & Technology Group Inc. will post 2.94 earnings per share for the current year.

New Oriental Education & Technology Group 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.