4,014 Shares in New Oriental Education & Technology Group Inc. (NYSE:EDU) Purchased by RWC Asset Management LLP

RWC Asset Management LLP acquired a new position in New Oriental Education & Technology Group Inc. (NYSE:EDU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,014 shares of the company’s stock, valued at approximately $258,000.

Several other large investors also recently added to or reduced their stakes in EDU. Fiera Capital Corp lifted its position in shares of New Oriental Education & Technology Group by 19.8% during the third quarter. Fiera Capital Corp now owns 51,371 shares of the company’s stock worth $3,896,000 after purchasing an additional 8,499 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of New Oriental Education & Technology Group by 192.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 826,783 shares of the company’s stock worth $62,703,000 after buying an additional 543,810 shares during the last quarter. Monolith Management Ltd purchased a new position in New Oriental Education & Technology Group in the third quarter worth $15,168,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in New Oriental Education & Technology Group by 3.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 592,564 shares of the company’s stock valued at $44,940,000 after buying an additional 19,401 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of New Oriental Education & Technology Group by 12.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 99,858 shares of the company’s stock valued at $7,573,000 after acquiring an additional 11,423 shares in the last quarter.

New Oriental Education & Technology Group Trading Down 3.2 %

New Oriental Education & Technology Group stock opened at $52.23 on Monday. New Oriental Education & Technology Group Inc. has a twelve month low of $44.46 and a twelve month high of $98.20. The stock has a 50 day moving average of $56.19 and a two-hundred day moving average of $61.64. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 22.22 and a beta of 0.42.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup lowered New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $83.00 to $50.00 in a research note on Friday, January 24th. Macquarie downgraded shares of New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and decreased their price objective for the stock from $79.00 to $44.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $85.00 to $50.00 in a research report on Wednesday, January 22nd. Finally, Morgan Stanley lowered New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $83.00 to $52.00 in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, New Oriental Education & Technology Group currently has an average rating of “Hold” and a consensus price target of $61.20.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.