Centiva Capital LP Takes Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Centiva Capital LP bought a new stake in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) in the third quarter, Holdings Channel reports. The institutional investor bought 16,629 shares of the company’s stock, valued at approximately $1,261,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new stake in New Oriental Education & Technology Group during the 2nd quarter valued at $43,000. Ashton Thomas Private Wealth LLC purchased a new stake in New Oriental Education & Technology Group during the 2nd quarter valued at $50,000. Blue Trust Inc. raised its holdings in New Oriental Education & Technology Group by 782.4% during the 2nd quarter. Blue Trust Inc. now owns 803 shares of the company’s stock valued at $62,000 after buying an additional 712 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in New Oriental Education & Technology Group by 14.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company’s stock valued at $126,000 after buying an additional 206 shares during the period. Finally, Hancock Whitney Corp purchased a new stake in New Oriental Education & Technology Group during the 2nd quarter valued at $212,000.

Wall Street Analyst Weigh In

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

New Oriental Education & Technology Group Stock Up 0.4 %

EDU stock opened at $64.09 on Thursday. The business’s fifty day simple moving average is $65.11 and its two-hundred day simple moving average is $69.20. New Oriental Education & Technology Group Inc. has a twelve month low of $54.00 and a twelve month high of $98.20. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 27.28 and a beta of 0.46.

New Oriental Education & Technology Group (NYSE:EDU) last released its earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.27. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. New Oriental Education & Technology Group had a return on equity of 9.43% and a net margin of 8.38%. The business’s revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. Research analysts expect that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current year.

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.