Blue Creek Capital Management Ltd Has $27.66 Million Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Blue Creek Capital Management Ltd trimmed its holdings in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,382 shares of the company’s stock after selling 9,864 shares during the quarter. New Oriental Education & Technology Group comprises 19.9% of Blue Creek Capital Management Ltd’s portfolio, making the stock its 2nd largest holding. Blue Creek Capital Management Ltd’s holdings in New Oriental Education & Technology Group were worth $27,655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EDU. Quaero Capital S.A. bought a new position in New Oriental Education & Technology Group during the 3rd quarter valued at $1,766,000. Aubrey Capital Management Ltd boosted its stake in New Oriental Education & Technology Group by 18.5% during the 3rd quarter. Aubrey Capital Management Ltd now owns 299,856 shares of the company’s stock valued at $17,376,000 after purchasing an additional 46,800 shares in the last quarter. WT Asset Management Ltd boosted its stake in New Oriental Education & Technology Group by 48.9% during the 3rd quarter. WT Asset Management Ltd now owns 1,899,128 shares of the company’s stock valued at $111,194,000 after purchasing an additional 623,435 shares in the last quarter. XY Capital Ltd boosted its stake in New Oriental Education & Technology Group by 376.4% during the 3rd quarter. XY Capital Ltd now owns 102,903 shares of the company’s stock valued at $6,025,000 after purchasing an additional 81,303 shares in the last quarter. Finally, Wrapmanager Inc. bought a new position in New Oriental Education & Technology Group during the 3rd quarter valued at $272,000.

Analysts Set New Price Targets

EDU has been the subject of a number of research reports. StockNews.com lowered New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Citigroup increased their price target on New Oriental Education & Technology Group from $66.00 to $127.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Morgan Stanley increased their price target on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, New Oriental Education & Technology Group has a consensus rating of “Moderate Buy” and a consensus price target of $97.67.

New Oriental Education & Technology Group Price Performance

Shares of EDU traded up $3.72 during trading hours on Thursday, hitting $82.11. 1,309,933 shares of the company were exchanged, compared to its average volume of 1,838,668. The company has a market capitalization of $13.93 billion, a PE ratio of 42.15 and a beta of 0.52. The firm has a fifty day simple moving average of $88.50 and a 200-day simple moving average of $79.43. New Oriental Education & Technology Group Inc. has a one year low of $35.70 and a one year high of $98.20.

New Oriental Education & Technology Group 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.