As New Oriental Education & Technology Group Incorporated Sponsored Adr Usd0.01 (Each Represents 1 Ordinary Shares) (EDU) Share Value Rose, Schroder Investment Management Group Trimmed Its Position

January 17, 2018 - By Michael Collier

Schroder Investment Management Group decreased its stake in New Oriental Education & Technology Group Incorporated Sponsored Adr Usd0.01 (Each Represents 1 Ordinary Shares) (EDU) by 4.42% based on its latest 2017Q3 regulatory filing with the SEC. Schroder Investment Management Group sold 467,589 shares as the company’s stock rose 45.08% with the market. The institutional investor held 10.11 million shares of the consumer services company at the end of 2017Q3, valued at $887.02 million, down from 10.58M at the end of the previous reported quarter. Schroder Investment Management Group who had been investing in New Oriental Education & Technology Group Incorporated Sponsored Adr Usd0.01 (Each Represents 1 Ordinary Shares) for a number of months, seems to be less bullish one the $16.18B market cap company. The stock increased 1.79% or $1.8 during the last trading session, reaching $102.32. About 1.10 million shares traded. New Oriental Education & Technology Group Inc. (NYSE:EDU) has risen 76.69% since January 17, 2017 and is uptrending. It has outperformed by 59.99% the S&P500.

Schroder Investment Management Group, which manages about $42.96B and $57.56 billion US Long portfolio, upped its stake in Target Corporation Common Stock Usd0.167 (NYSE:TGT) by 309,039 shares to 1.06M shares, valued at $62.22 million in 2017Q3, according to the filing. It also increased its holding in Brunswick Corporation Common Stock Usd0.75 (NYSE:BC) by 195,394 shares in the quarter, for a total of 1.67M shares, and has risen its stake in Superior Energy Services Incorporated Common Stock Usd0.001 (NYSE:SPN).

More notable recent New Oriental Education & Technology Group Inc. (NYSE:EDU) news were published by: Marketwatch.com which released: “New Oriental Education & Technology Group Inc. ADR” on December 21, 2009, also Fool.com with their article: “New Oriental Education & Tech Grp (ADR) Continues Its Improvement” published on October 26, 2015, Fool.com published: “New Oriental Education & Technology Group Inc. Continues to Build Impressive …” on July 20, 2016. More interesting news about New Oriental Education & Technology Group Inc. (NYSE:EDU) were released by: Fool.com and their article: “New Oriental Education & Tech Grp (ADR) Holds the Naysayers at Bay” published on January 19, 2017 as well as Fool.com‘s news article titled: “New Oriental Education & Tech Grp (ADR) Proves It’s Gaining Popularity, but …” with publication date: July 23, 2015.

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

Among 12 analysts covering New Oriental Education & Technology Group (NYSE:EDU), 9 have Buy rating, 1 Sell and 2 Hold. Therefore 75% are positive. New Oriental Education & Technology Group had 31 analyst reports since September 9, 2015 according to SRatingsIntel. Macquarie Research upgraded New Oriental Education & Technology Group Inc. (NYSE:EDU) on Friday, October 30 to “Outperform” rating. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, May 17. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) earned “Buy” rating by Jefferies on Wednesday, October 21. The rating was maintained by Jefferies with “Buy” on Wednesday, April 26. The firm has “Buy” rating by Jefferies given on Sunday, August 27. Nomura maintained the shares of EDU in report on Thursday, July 21 with “Neutral” rating. The company was maintained on Monday, January 18 by TH Capital. The firm has “Overweight” rating by Morgan Stanley given on Friday, August 25. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) earned “Buy” rating by Brean Capital on Thursday, July 21. JP Morgan maintained it with “Overweight” rating and $27 target in Wednesday, September 9 report.

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