DekaBank Deutsche Girozentrale Takes $731,000 Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

DekaBank Deutsche Girozentrale purchased new shares in New Oriental Education & Technology Group Inc. (NYSE: EDU – Get Rating) in the fourth quarter, according to the latest 13F file filed with the Securities and Exchange Commission. Institutional investors purchased 20,500 shares of the company worth approximately $731,000.

Several other institutional investors and hedge funds have also changed positions in the company. China Universal Asset Management Co. Ltd. purchased shares in New Oriental Education & Technology Group for $685,000 in the fourth quarter. Ocean Arete Ltd. purchased new shares in New Oriental Education & Technology Group for approximately $8,816,000 in the fourth quarter. Ariose Capital Management Ltd increased its position in the shares of New Oriental Education & Technology Group by 144.5% in the fourth quarter. Ariose Capital Management Ltd now owns 767,867 shares of the company worth $26,737,000 after purchasing an additional 453,763 of his shares last quarter. Crossmark Global Holdings Inc. purchased new shares in New Oriental Education & Technology Group worth approximately $218,000 in the fourth quarter. Finally, Ronald Blue Trust Inc. increased its stock position in New Oriental Education & Technology Group by 287.6% in the fourth quarter. Ronald Blue Trust Inc. now owns 2,752 of his shares worth $66,000 after purchasing an additional 2,042 of his shares last quarter. 67.55% of the shares are currently owned by hedge funds and other institutional investors.

New Oriental Education & Technology Group trading down 3.7%

NYSE:EDU shares opened Friday at $43.02. The company has a 50-day moving average of $39.60 and a 200-day moving average of $35.01. New Oriental Education & Technology Group Inc. has a 12-month low of $9.29 and a 12-month high of $46.63. The company has a market capitalization of $7.3 billion, a P/E of 57.36 and a beta of 0.60.

Analyst Rating Change

Separately, StockNews.com upgraded New Oriental Education & Technology Group’s stock from a ‘hold’ rating to a ‘buy’ rating in a research report on Thursday. Seven investment analysts rate the stock with a buy rating, according to MarketBeat, which says the company currently has a “buy” consensus rating and an average price target of $36.60.

New Oriental Education & Technology Group Profile

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New Oriental Education & Technology Group, Inc. is a holding company engaged in the provision of private educational services. It operates through the following segments: Educational Services and Exam Preparation Courses. Online Education and Other Services. study abroad consulting services;

Related item

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