GMT Capital Corp lessened its holdings in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 15.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,800 shares of the company’s stock after selling 24,000 shares during the quarter. GMT Capital Corp’s holdings in New Oriental Education & Tech Grp were worth $12,003,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Atlas Capital Advisors LLC purchased a new stake in shares of New Oriental Education & Tech Grp during the second quarter worth approximately $187,000. Wedbush Securities Inc. purchased a new stake in shares of New Oriental Education & Tech Grp during the second quarter worth approximately $218,000. Natixis purchased a new stake in shares of New Oriental Education & Tech Grp during the first quarter worth approximately $222,000. Flow Traders U.S. LLC purchased a new stake in shares of New Oriental Education & Tech Grp during the first quarter worth approximately $231,000. Finally, HMS Capital Management LLC purchased a new stake in shares of New Oriental Education & Tech Grp during the second quarter worth approximately $251,000. 88.80% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on EDU shares. ValuEngine lowered shares of New Oriental Education & Tech Grp from a “hold” rating to a “sell” rating in a research note on Wednesday, August 22nd. Zacks Investment Research upgraded shares of New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Tuesday, June 26th. JPMorgan Chase & Co. upgraded shares of New Oriental Education & Tech Grp from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 26th. Finally, CLSA lowered shares of New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a research note on Thursday, May 24th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $105.55.

Shares of New Oriental Education & Tech Grp stock opened at $68.76 on Tuesday. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 37.17, a P/E/G ratio of 0.93 and a beta of 1.21. New Oriental Education & Tech Grp has a 52 week low of $67.85 and a 52 week high of $108.40.

New Oriental Education & Tech Grp (NYSE:EDU) last announced its quarterly earnings results on Tuesday, July 24th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The company had revenue of $701.00 million for the quarter, compared to analyst estimates of $672.44 million. New Oriental Education & Tech Grp had a net margin of 12.10% and a return on equity of 14.79%. The firm’s revenue was up 44.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. equities research analysts anticipate that New Oriental Education & Tech Grp will post 2.58 EPS for the current fiscal year.

About New Oriental Education & Tech Grp

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 Language Training and Test Preparation, Primary and Secondary School Education, Online Education, Content Development and Distribution, Pre-School Education, Overseas Study Consulting Services, and Study Tour segments.

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Institutional Ownership by Quarter for New Oriental Education & Tech Grp (NYSE:EDU)

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