Columbia Wanger Asset Management LLC Decreased New Oriental Education & Technology Group INC (EDU) Stake by $8.16 Million; Shares Declined

May 16, 2018 - By Norman Soto

Columbia Wanger Asset Management Llc reduced its stake by 9.36% in New Oriental Education & Technology Group Inc (EDU), according to 2017Q4 SEC filling. 86,800 shares were sold by Columbia Wanger Asset Management Llc as the company’s stock declined 4.38% with the market. The consumer services company at the end of 2017Q4 was valued at $79.02M. It’s down from 927,412 at the end of the previous reported quarter. Now it had 840,612 shares held by the institutional investor . $14.84B is the market cap of New Oriental Education & Technology Group Inc. The stock increased 0.67% or $0.62 during the last trading session, touching $93.83.Currently New Oriental Education & Technology Group Inc. is uptrending after 50.87% change in last May 16, 2017. EDU has 219,411 shares volume. EDU outperformed by 39.32% the S&P500.

According to a filing the Columbia Wanger Asset Management Llc’s stake in Ulta Beauty Inc (NASDAQ:ULTA) was upped by 23,370 shares to 94,556 shares valued at $21.15M in 2017Q4. It operates about $39.78B and $6.69B US Long portfolio. For a total of 1.21 million shares it increased its holding in Masimo Corp (NASDAQ:MASI) by 190,992 shares in the quarter, and has risen its stake in Ambarella Inc (NASDAQ:AMBA).

There’s a substantial New Oriental Education & Technology Group Inc. (NYSE:EDU) news released by Streetinsider.com. It’s a report titled: “Tiger Global’s 13F Shows New Stake in Twitter (TWTR), Mercado (MELI), Increases Stake in Amazon (AMZN) (more…)” on May 15, 2018.

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

A total of 4 analysts rate New Oriental Education (NYSE:EDU) as follows: 2 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 50% are bullish. (NYSE:EDU) has 7 ratings reports on May 16, 2018 according to StockzIntelligence. On Wednesday, January 24 the firm has “Underweight” rating by JP Morgan given. On Thursday, April 26 the rating was maintained by JP Morgan with “Neutral”. On Monday, March 5 the firm has “Hold” rating given by J.P. Morgan. On Wednesday, January 24 the stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) has “Buy” rating given by Jefferies. On Tuesday, April 24 the company was maintained by Jefferies. On Monday, March 5 the firm has “Neutral” rating by JP Morgan given.

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

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