Partners Group Holding AG Sells 625,000 Shares of Nord Anglia Education Inc (NORD)
Partners Group Holding AG lowered its position in shares of Nord Anglia Education Inc (NYSE:NORD) by 18.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,847,233 shares of the company’s stock after selling 625,000 shares during the quarter. Nord Anglia Education accounts for about 9.9% of Partners Group Holding AG’s investment portfolio, making the stock its 3rd biggest holding. Partners Group Holding AG owned about 2.74% of Nord Anglia Education worth $92,734,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of NORD. Wells Fargo & Company MN grew its holdings in Nord Anglia Education by 286.9% during the first quarter. Wells Fargo & Company MN now owns 23,802 shares of the company’s stock valued at $603,000 after purchasing an additional 17,650 shares during the period. First Trust Advisors LP raised its holdings in Nord Anglia Education by 37.3% in the first quarter. First Trust Advisors LP now owns 54,691 shares of the company’s stock worth $1,386,000 after purchasing an additional 14,870 shares during the period. Karp Capital Management Corp acquired a new stake in Nord Anglia Education in the first quarter worth $644,000. Parametric Portfolio Associates LLC raised its holdings in Nord Anglia Education by 0.4% in the first quarter. Parametric Portfolio Associates LLC now owns 81,359 shares of the company’s stock worth $2,062,000 after purchasing an additional 292 shares during the period. Finally, Trexquant Investment LP raised its holdings in Nord Anglia Education by 8.4% in the first quarter. Trexquant Investment LP now owns 9,300 shares of the company’s stock worth $236,000 after purchasing an additional 720 shares during the period. Hedge funds and other institutional investors own 30.75% of the company’s stock.
Nord Anglia Education Inc (NYSE:NORD) traded up 0.22% during mid-day trading on Tuesday, reaching $32.57. The company had a trading volume of 306,234 shares. The firm’s 50-day moving average is $32.74 and its 200-day moving average is $30.13. Nord Anglia Education Inc has a one year low of $20.08 and a one year high of $33.15. The firm has a market capitalization of $3.39 billion, a P/E ratio of 57.75 and a beta of 0.96.
Nord Anglia Education (NYSE:NORD) last issued its earnings results on Tuesday, July 25th. The company reported $0.28 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.28. Nord Anglia Education had a return on equity of 12.59% and a net margin of 4.26%. The business had revenue of $272.20 million during the quarter, compared to the consensus estimate of $273.27 million. During the same period in the previous year, the company posted $0.28 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts anticipate that Nord Anglia Education Inc will post $0.66 earnings per share for the current fiscal year.
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Separately, BidaskClub cut shares of Nord Anglia Education from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.57.
Nord Anglia Education Profile
Nord Anglia Education, Inc is an operator of international schools. As of August 31, 2016, the Company taught over 37,000 students, from kindergarten through the end of secondary school (K-12), at its 43 schools in China, Europe, the Middle East, South East Asia and North America. The Company’s segments include China, Europe, Middle East (ME), Southeast Asia (SEA), North America and Other.
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