New Oriental Education & Technology Group Inc. (NYSE:EDU) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,455 shares of the company’s stock after selling 3,610 shares during the period. Quantbot Technologies LP’s holdings in New Oriental Education & Technology Group were worth $3,145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in shares of New Oriental Education & Technology Group by 37.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,374,408 shares of the company’s stock worth $173,997,000 after purchasing an additional 646,122 shares in the last quarter. WT Asset Management Ltd increased its stake in shares of New Oriental Education & Technology Group by 21.4% during the second quarter. WT Asset Management Ltd now owns 1,730,772 shares of the company’s stock worth $134,533,000 after purchasing an additional 304,712 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of New Oriental Education & Technology Group by 141.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,608,792 shares of the company’s stock worth $117,892,000 after purchasing an additional 942,392 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of New Oriental Education & Technology Group during the first quarter worth about $103,392,000. Finally, UBS Group AG increased its stake in shares of New Oriental Education & Technology Group by 557.4% during the fourth quarter. UBS Group AG now owns 862,911 shares of the company’s stock worth $63,234,000 after purchasing an additional 731,652 shares in the last quarter.

New Oriental Education & Technology Group Trading Down 0.8 %

Shares of NYSE EDU opened at $59.17 on Tuesday. New Oriental Education & Technology Group Inc. has a 12-month low of $53.44 and a 12-month high of $98.20. The stock has a market cap of $10.04 billion, a PE ratio of 31.87 and a beta of 0.46. The company has a 50-day moving average of $68.21 and a 200 day moving average of $78.30.

New Oriental Education & Technology Group (NYSE:EDU) last posted 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). New Oriental Education & Technology Group had a net margin of 7.18% and a return on equity of 7.50%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. On average, sell-side analysts forecast that New Oriental Education & Technology Group Inc. will post 2.83 EPS for the current fiscal year.

New Oriental Education & Technology Group Dividend Announcement

The company also recently declared a — dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be paid a $0.58 dividend. The ex-dividend date is Monday, September 9th.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EDU. Citigroup cut their target price on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. HSBC initiated coverage on shares of New Oriental Education & Technology Group in a research note on Wednesday, May 29th. They set a “buy” rating and a $110.00 price objective for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $103.67.

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.