Calamos Wealth Management LLC Takes Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Calamos Wealth Management LLC purchased a new position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDUFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,171 shares of the company’s stock, valued at approximately $525,000.

Other large investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of New Oriental Education & Technology Group during the fourth quarter worth $488,000. Tobam bought a new stake in New Oriental Education & Technology Group during the 4th quarter valued at about $3,979,000. FengHe Fund Management Pte. Ltd. purchased a new stake in New Oriental Education & Technology Group in the 4th quarter valued at about $2,037,000. Ritholtz Wealth Management grew its stake in New Oriental Education & Technology Group by 12.8% in the 4th quarter. Ritholtz Wealth Management now owns 15,221 shares of the company’s stock worth $1,115,000 after acquiring an additional 1,729 shares in the last quarter. Finally, Matthews International Capital Management LLC purchased a new position in shares of New Oriental Education & Technology Group during the fourth quarter worth approximately $3,447,000.

Analyst Ratings Changes

EDU has been the topic of several research analyst reports. Morgan Stanley increased their price objective on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. StockNews.com downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th.

View Our Latest Stock Analysis on EDU

New Oriental Education & Technology Group Stock Performance

Shares of EDU opened at $84.99 on Friday. The stock has a market capitalization of $14.42 billion, a PE ratio of 46.70 and a beta of 0.49. The company has a 50 day moving average price of $89.79 and a 200-day moving average price of $78.28. New Oriental Education & Technology Group Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $98.20.

New Oriental Education & Technology Group (NYSE:EDUGet Free Report) last posted its earnings results on Wednesday, January 24th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). New Oriental Education & Technology Group had a return on equity of 7.97% and a net margin of 8.54%. The company had revenue of $869.60 million for the quarter, compared to analysts’ expectations of $814.01 million. During the same quarter in the prior year, the company earned $0.01 EPS. The firm’s quarterly revenue was up 36.3% on a year-over-year basis. Equities research analysts forecast that New Oriental Education & Technology Group Inc. will post 2.02 EPS for the current year.

New Oriental Education & Technology Group Profile

(Free Report)

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.

See Also

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

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