Caisse DE Depot ET Placement DU Quebec Grows Holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) by 49.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 180,151 shares of the company’s stock after acquiring an additional 59,429 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in New Oriental Education & Technology Group were worth $13,663,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EDU. Ridgewood Investments LLC purchased a new position in shares of New Oriental Education & Technology Group during the 2nd quarter valued at approximately $43,000. Ashton Thomas Private Wealth LLC bought a new position in New Oriental Education & Technology Group during the second quarter worth $50,000. Blue Trust Inc. lifted its stake in New Oriental Education & Technology Group by 782.4% during the second quarter. Blue Trust Inc. now owns 803 shares of the company’s stock worth $62,000 after purchasing an additional 712 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in New Oriental Education & Technology Group by 14.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,658 shares of the company’s stock worth $126,000 after purchasing an additional 206 shares during the last quarter. Finally, Hancock Whitney Corp bought a new position in New Oriental Education & Technology Group during the second quarter worth $212,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EDU shares. Morgan Stanley set a $83.00 price objective on New Oriental Education & Technology Group in a research note on Thursday, October 17th. StockNews.com upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th.

New Oriental Education & Technology Group Price Performance

Shares of NYSE EDU opened at $58.32 on Monday. New Oriental Education & Technology Group Inc. has a 1-year low of $54.00 and a 1-year high of $98.20. The business’s fifty day moving average price is $65.14 and its two-hundred day moving average price is $69.62. The firm has a market capitalization of $9.90 billion, a PE ratio of 24.92 and a beta of 0.49.

New Oriental Education & Technology Group (NYSE:EDU) last issued its earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.27. New Oriental Education & Technology Group had a return on equity of 9.43% and a net margin of 8.38%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the company earned $0.99 earnings per share. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. Equities research analysts expect that New Oriental Education & Technology Group Inc. will post 2.94 earnings per share for the current fiscal year.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.