GMT Capital Corp trimmed its position in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 33.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 278,000 shares of the company’s stock after selling 138,800 shares during the period. GMT Capital Corp owned about 0.18% of New Oriental Education & Technology Group worth $24,536,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in New Oriental Education & Technology Group by 2.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock worth $107,000 after buying an additional 35 shares during the last quarter. Nippon Life Insurance Co. acquired a new stake in New Oriental Education & Technology Group in the 2nd quarter worth about $111,000. Advisor Group Inc. boosted its holdings in New Oriental Education & Technology Group by 182.5% in the 2nd quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock worth $123,000 after buying an additional 1,126 shares during the last quarter. Stevens Capital Management LP acquired a new stake in New Oriental Education & Technology Group in the 2nd quarter worth about $207,000. Finally, Wetherby Asset Management Inc. acquired a new stake in New Oriental Education & Technology Group in the 2nd quarter worth about $227,000. Institutional investors own 75.64% of the company’s stock.

Several research firms recently issued reports on EDU. CLSA cut New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating in a report on Tuesday, October 24th. Vetr cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 target price on the stock. in a report on Wednesday, October 4th. J P Morgan Chase & Co cut New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating and set a $82.00 target price on the stock. in a report on Thursday, September 14th. Benchmark Co. boosted their target price on New Oriental Education & Technology Group from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Jefferies Group LLC restated a “buy” rating and set a $109.00 target price on shares of New Oriental Education & Technology Group in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $89.76.

New Oriental Education & Technology Group, Inc. (EDU) opened at $88.57 on Friday. The firm has a market capitalization of $14,083.06, a P/E ratio of 48.28, a PEG ratio of 1.38 and a beta of 1.31. New Oriental Education & Technology Group, Inc. has a twelve month low of $37.16 and a twelve month high of $94.63.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Tuesday, October 24th. The company reported $1.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.04). The firm had revenue of $661.20 million for the quarter, compared to analysts’ expectations of $643.90 million. New Oriental Education & Technology Group had a net margin of 15.15% and a return on equity of 17.32%. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 EPS. research analysts forecast that New Oriental Education & Technology Group, Inc. will post 2.03 EPS for the current year.

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New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include 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.

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Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

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