GSA Capital Partners LLP Makes New Investment in New Oriental Education & Technology Group, Inc. $EDU

GSA Capital Partners LLP acquired a new stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) during the third quarter, HoldingsChannel.com reports. The fund acquired 13,136 shares of the company’s stock, valued at approximately $697,000.

A number of other institutional investors have also made changes to their positions in the stock. Bessemer Group Inc. bought a new stake in New Oriental Education & Technology Group during the second quarter worth approximately $37,000. Y Intercept Hong Kong Ltd bought a new position in shares of New Oriental Education & Technology Group in the second quarter valued at approximately $7,498,000. Hantz Financial Services Inc. lifted its stake in shares of New Oriental Education & Technology Group by 738.0% in the second quarter. Hantz Financial Services Inc. now owns 905 shares of the company’s stock worth $49,000 after buying an additional 797 shares during the last quarter. Carrhae Capital LLP bought a new stake in shares of New Oriental Education & Technology Group during the 2nd quarter worth $18,717,000. Finally, Fox Run Management L.L.C. acquired a new position in New Oriental Education & Technology Group in the 2nd quarter valued at $538,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EDU. HSBC raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. Wall Street Zen raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. New Street Research set a $68.00 target price on New Oriental Education & Technology Group in a report on Wednesday, January 28th. Zacks Research raised New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of New Oriental Education & Technology Group in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $65.84.

New Oriental Education & Technology Group Stock Up 0.6%

EDU stock opened at $60.15 on Friday. New Oriental Education & Technology Group, Inc. has a twelve month low of $40.66 and a twelve month high of $64.97. The company has a market cap of $9.50 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 1.03 and a beta of 0.27. The business’s 50-day simple moving average is $57.76 and its 200 day simple moving average is $54.30.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. New Oriental Education & Technology Group had a return on equity of 11.19% and a net margin of 7.40%.The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm posted $0.22 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities research analysts anticipate that New Oriental Education & Technology Group, Inc. will post 2.75 EPS for the current year.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group (NYSE: EDU) is one of China’s leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company’s offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental’s curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.