Great West Life Assurance Co. Can grew its stake in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,797 shares of the company’s stock after acquiring an additional 8,000 shares during the quarter. Great West Life Assurance Co. Can owned about 0.07% of New Oriental Education & Tech Grp worth $4,818,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EDU. Schroder Investment Management Group increased its stake in shares of New Oriental Education & Tech Grp by 37.4% during the 3rd quarter. Schroder Investment Management Group now owns 8,768,091 shares of the company’s stock valued at $648,926,000 after acquiring an additional 2,384,543 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of New Oriental Education & Tech Grp during the 3rd quarter valued at about $125,092,000. OppenheimerFunds Inc. increased its stake in shares of New Oriental Education & Tech Grp by 30.4% during the 3rd quarter. OppenheimerFunds Inc. now owns 5,553,839 shares of the company’s stock valued at $411,039,000 after acquiring an additional 1,293,535 shares during the last quarter. Sustainable Growth Advisers LP increased its stake in shares of New Oriental Education & Tech Grp by 109.6% during the 4th quarter. Sustainable Growth Advisers LP now owns 2,473,373 shares of the company’s stock valued at $135,566,000 after acquiring an additional 1,293,208 shares during the last quarter. Finally, Coronation Fund Managers Ltd. increased its stake in shares of New Oriental Education & Tech Grp by 82.1% during the 4th quarter. Coronation Fund Managers Ltd. now owns 2,853,198 shares of the company’s stock valued at $156,384,000 after acquiring an additional 1,286,072 shares during the last quarter. 82.98% of the stock is owned by institutional investors.

A number of research firms have recently commented on EDU. Zacks Investment Research raised shares of New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. ValuEngine raised shares of New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. TheStreet downgraded shares of New Oriental Education & Tech Grp from a “b-” rating to a “c+” rating in a research report on Thursday, December 13th. Macquarie set a $75.00 target price on shares of New Oriental Education & Tech Grp and gave the stock a “buy” rating in a research report on Tuesday, January 15th. Finally, JPMorgan Chase & Co. downgraded shares of New Oriental Education & Tech Grp from an “overweight” rating to a “neutral” rating and set a $76.64 target price for the company. in a research report on Monday, February 11th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $82.27.

EDU opened at $77.09 on Friday. The company has a market cap of $10.99 billion, a P/E ratio of 41.22, a price-to-earnings-growth ratio of 1.38 and a beta of 1.60. New Oriental Education & Tech Grp has a 1 year low of $50.30 and a 1 year high of $108.24.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its earnings results on Tuesday, January 22nd. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.11. The firm had revenue of $597.07 million during the quarter, compared to the consensus estimate of $578.50 million. New Oriental Education & Tech Grp had a net margin of 8.32% and a return on equity of 13.78%. The company’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. Analysts expect that New Oriental Education & Tech Grp will post 1.68 earnings per share for the current year.

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New Oriental Education & Tech Grp Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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

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