Prescott Group Capital Management L.L.C. Grows Stock Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Prescott Group Capital Management L.L.C. boosted its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 153.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,303 shares of the company’s stock after acquiring an additional 15,303 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in New Oriental Education & Technology Group were worth $1,624,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AIA Group Ltd purchased a new stake in shares of New Oriental Education & Technology Group during the third quarter worth approximately $5,673,000. Fiera Capital Corp increased its stake in New Oriental Education & Technology Group by 19.8% in the 3rd quarter. Fiera Capital Corp now owns 51,371 shares of the company’s stock valued at $3,896,000 after buying an additional 8,499 shares during the period. GSA Capital Partners LLP raised its position in New Oriental Education & Technology Group by 66.0% during the 3rd quarter. GSA Capital Partners LLP now owns 29,299 shares of the company’s stock worth $2,222,000 after buying an additional 11,647 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of New Oriental Education & Technology Group in the 3rd quarter worth $297,000. Finally, Broad Peak Investment Advisers Pte Ltd boosted its holdings in shares of New Oriental Education & Technology Group by 88.7% in the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 421,941 shares of the company’s stock valued at $32,000,000 after acquiring an additional 198,291 shares in the last quarter.

New Oriental Education & Technology Group Price Performance

Shares of NYSE:EDU opened at $48.59 on Friday. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 20.68 and a beta of 0.47. The business’s 50 day simple moving average is $53.98 and its 200-day simple moving average is $60.47. New Oriental Education & Technology Group Inc. has a 12 month low of $44.46 and a 12 month high of $95.88.

Wall Street Analysts Forecast Growth

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