Quantinno Capital Management LP Trims Stake in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Quantinno Capital Management LP lowered its position in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 8.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,207 shares of the company’s stock after selling 311 shares during the period. Quantinno Capital Management LP’s holdings in New Oriental Education & Technology Group were worth $243,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EDU. Aspex Management HK Ltd raised its holdings 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 purchasing an additional 1,513,640 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of New Oriental Education & Technology Group by 20,215.2% in the 3rd 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 in the last quarter. Farallon Capital Management LLC lifted its position in New Oriental Education & Technology Group by 139.0% during the 2nd quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company’s stock valued at $114,231,000 after acquiring an additional 854,590 shares during the period. Millennium Management LLC boosted its stake in New Oriental Education & Technology Group by 147.5% during 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 in the last quarter. Finally, Thornburg Investment Management Inc. boosted its stake in New Oriental Education & Technology Group by 211.7% during 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 in the last quarter.

New Oriental Education & Technology Group Stock Performance

NYSE:EDU opened at $59.75 on Tuesday. The firm has a 50-day simple moving average of $62.91 and a two-hundred day simple moving average of $68.08. The firm has a market cap of $10.14 billion, a P/E ratio of 25.53 and a beta of 0.46. 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 results on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.27. The company 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 8.38% and a return on equity of 9.43%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. On average, equities research analysts predict that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current year.

Wall Street Analyst Weigh In

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

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.