Group One Trading LP Has Increased New Oriental Ed & Tech Grp I (EDU) Holding by $3.72 Million

July 27, 2018 - By Palma Niemeyer

Group One Trading Lp increased its stake in New Oriental Ed & Tech Grp I (EDU) by 26.85% based on its latest 2018Q1 regulatory filing with the SEC. Group One Trading Lp bought 42,737 shares as the company’s stock rose 9.41% while stock markets declined. The institutional investor held 201,915 shares of the consumer services company at the end of 2018Q1, valued at $17.70M, up from 159,178 at the end of the previous reported quarter. Group One Trading Lp who had been investing in New Oriental Ed & Tech Grp I for a number of months, seems to be bullish on the $14.16 billion market cap company. The stock decreased 1.72% or $1.57 during the last trading session, reaching $89.53. About 1.62 million shares traded or 29.92% up from the average. New Oriental Education & Technology Group Inc. (NYSE:EDU) has risen 38.68% since July 27, 2017 and is uptrending. It has outperformed by 26.11% the S&P500.

Group One Trading Lp, which manages about $10.54B US Long portfolio, decreased its stake in Tower Semiconductor Ltd (Put) by 204,600 shares to 148,800 shares, valued at $4.00M in 2018Q1, according to the filing. It also reduced its holding in Tesaro Inc (Put) by 66,800 shares in the quarter, leaving it with 67,900 shares, and cut its stake in Bank Amer Corp (Put).

Another recent and important New Oriental Education & Technology Group Inc. (NYSE:EDU) news was published by Fool.com which published an article titled: “New Oriental Education Continues Massive Expansion Without Sacrificing Profitability” on July 25, 2018.

New Oriental Education & Technology Group Inc. (NYSE:EDU) Ratings Coverage

Among 4 analysts covering New Oriental Education (NYSE:EDU), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. New Oriental Education has $11200 highest and $90 lowest target. $107’s average target is 19.51% above currents $89.53 stock price. New Oriental Education had 6 analyst reports since March 5, 2018 according to SRatingsIntel. JP Morgan maintained it with “Neutral” rating and $102 target in Tuesday, May 29 report. JP Morgan maintained the shares of EDU in report on Thursday, April 26 with “Neutral” rating. The stock has “Neutral” rating by JP Morgan on Monday, March 5. CLSA downgraded New Oriental Education & Technology Group Inc. (NYSE:EDU) on Thursday, May 24 to “Underperform” rating. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) has “Buy” rating given on Tuesday, April 24 by Jefferies. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) has “Hold” rating given on Monday, March 5 by J.P. Morgan.

New Oriental Education & Technology Group Inc. (NYSE:EDU) Ratings Chart

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