As New Oriental Educatio (EDU) Shares Declined, Shareholder Tb Alternative Assets LTD Decreased Holding

September 16, 2018 - By Palma Niemeyer

Tb Alternative Assets Ltd decreased its stake in New Oriental Educatio (EDU) by 22.44% based on its latest 2018Q2 regulatory filing with the SEC. Tb Alternative Assets Ltd sold 77,451 shares as the company’s stock declined 32.12% while stock markets rallied. The institutional investor held 267,749 shares of the consumer services company at the end of 2018Q2, valued at $25.35M, down from 345,200 at the end of the previous reported quarter. Tb Alternative Assets Ltd who had been investing in New Oriental Educatio for a number of months, seems to be less bullish one the $10.99B market cap company. The stock increased 0.71% or $0.49 during the last trading session, reaching $69.51. About 2.45M shares traded or 40.19% up from the average. New Oriental Education & Technology Group Inc. (NYSE:EDU) has declined 23.32% since September 16, 2017 and is downtrending. It has underperformed by 38.94% the S&P500.

Tb Alternative Assets Ltd, which manages about $329.26M US Long portfolio, upped its stake in Nike Inc (NYSE:NKE) by 38,200 shares to 63,000 shares, valued at $5.02M in 2018Q2, according to the filing.

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

Among 3 analysts covering New Oriental Education Tech (NYSE:EDU), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. New Oriental Education Tech has $11200 highest and $90 lowest target. $107’s average target is 53.93% above currents $69.51 stock price. New Oriental Education Tech had 4 analyst reports since April 24, 2018 according to SRatingsIntel. CLSA downgraded the shares of EDU in report on Thursday, May 24 to “Underperform” rating. The company was maintained on Tuesday, May 29 by JP Morgan. As per Tuesday, April 24, the company rating was maintained by Jefferies. The firm earned “Neutral” rating on Thursday, April 26 by JP Morgan.

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

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