SG Americas Securities LLC Purchases 14,021 Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU)

SG Americas Securities LLC grew its stake in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 330.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,265 shares of the company’s stock after purchasing an additional 14,021 shares during the period. SG Americas Securities LLC’s holdings in New Oriental Education & Technology Group were worth $873,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. GeoWealth Management LLC lifted its holdings in shares of New Oriental Education & Technology Group by 258.5% during the 4th quarter. GeoWealth Management LLC now owns 441 shares of the company’s stock worth $28,000 after acquiring an additional 318 shares during the period. Westpac Banking Corp bought a new position in New Oriental Education & Technology Group in the fourth quarter valued at approximately $45,000. SBI Securities Co. Ltd. bought a new stake in shares of New Oriental Education & Technology Group in the fourth quarter worth $51,000. Natixis increased its holdings in New Oriental Education & Technology Group by 39.2% during the fourth quarter. Natixis now owns 881 shares of the company’s stock worth $57,000 after buying an additional 248 shares during the last quarter. Finally, BNP Paribas acquired a new position in New Oriental Education & Technology Group during the fourth quarter worth $113,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EDU shares. China Renaissance lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. JPMorgan Chase & Co. reduced their price objective on shares of New Oriental Education & Technology Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Finally, Wall Street Zen upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $48.50.

New Oriental Education & Technology Group Trading Down 0.9%

Shares of EDU stock opened at $46.95 on Thursday. The firm has a market capitalization of $7.97 billion, a PE ratio of 19.81 and a beta of 0.25. The firm has a fifty day simple moving average of $47.04 and a two-hundred day simple moving average of $51.41. New Oriental Education & Technology Group, Inc. has a 12 month low of $40.66 and a 12 month high of $87.26.

New Oriental Education & Technology Group (NYSE:EDU) last posted its earnings results on Wednesday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.06). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.24 billion. New Oriental Education & Technology Group had a return on equity of 9.91% and a net margin of 8.17%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. On average, equities analysts predict that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share for the current fiscal year.

New Oriental Education & Technology Group 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.