Teachers Advisors LLC raised its position in New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,244 shares of the company’s stock after buying an additional 1,900 shares during the period. Teachers Advisors LLC’s holdings in New Oriental Education & Technology Group were worth $3,517,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Advisors Preferred LLC acquired a new stake in New Oriental Education & Technology Group during the first quarter worth $147,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of New Oriental Education & Technology Group during the first quarter worth about $205,000. Timber Hill LLC purchased a new stake in shares of New Oriental Education & Technology Group during the first quarter worth about $220,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of New Oriental Education & Technology Group during the first quarter worth about $445,000. Finally, Granite Point Capital Management L.P. purchased a new stake in shares of New Oriental Education & Technology Group during the first quarter worth about $483,000. Institutional investors own 83.08% of the company’s stock.

New Oriental Education & Technology Group, Inc. (NYSE:EDU) traded down 0.40% on Friday, hitting $77.23. 238,278 shares of the stock were exchanged. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 44.39 and a beta of 1.40. New Oriental Education & Technology Group, Inc. has a 12 month low of $37.16 and a 12 month high of $83.91. The company has a 50-day moving average of $76.94 and a 200-day moving average of $64.59.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.03. New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. The company had revenue of $486.40 million during the quarter, compared to the consensus estimate of $477.81 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The business’s revenue was up 23.2% compared to the same quarter last year. On average, equities analysts predict that New Oriental Education & Technology Group, Inc. will post $2.37 EPS for the current year.

The business also recently declared a special dividend, which will be paid on Friday, October 6th. Stockholders of record on Wednesday, September 6th will be paid a $0.45 dividend. The ex-dividend date is Friday, September 1st. This is a positive change from New Oriental Education & Technology Group’s previous special dividend of $0.40.

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A number of equities research analysts have issued reports on EDU shares. Benchmark Co. started coverage on shares of New Oriental Education & Technology Group in a research report on Tuesday, April 18th. They issued a “buy” rating and a $75.00 price objective for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $74.80 price objective on shares of New Oriental Education & Technology Group in a research report on Tuesday, April 25th. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 16th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $62.00 price objective on shares of New Oriental Education & Technology Group in a research report on Wednesday, May 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $76.36.

About New Oriental Education & Technology Group

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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