New Oriental Ed & Tech Grp I (EDU) Shareholder Nomura Asset Management Company LTD Has Raised Position

Nomura Asset Management Company Ltd increased its stake in New Oriental Ed & Tech Grp I (EDU) by 6254.7% based on its latest 2019Q1 regulatory filing with the SEC. Nomura Asset Management Company Ltd bought 519,140 shares as the company’s stock rose 11.15% . The institutional investor held 527,440 shares of the consumer services company at the end of 2019Q1, valued at $47.52M, up from 8,300 at the end of the previous reported quarter. Nomura Asset Management Company Ltd who had been investing in New Oriental Ed & Tech Grp I for a number of months, seems to be bullish on the $16.31B market cap company. The stock increased 1.31% or $1.33 during the last trading session, reaching $103. About 863,735 shares traded. New Oriental Education & Technology Group Inc. (NYSE:EDU) has risen 18.60% since August 15, 2018 and is uptrending. It has outperformed by 18.60% the S&P500.

Nomura Asset Management Company Ltd, which manages about $32.64B and $10.18 billion US Long portfolio, decreased its stake in Xcel Energy Inc (NYSE:XEL) by 89,409 shares to 145,581 shares, valued at $8.18 million in 2019Q1, according to the filing. It also reduced its holding in Ishares Tr (HDV) by 39,297 shares in the quarter, leaving it with 98,803 shares, and cut its stake in Unitedhealth Group Inc (NYSE:UNH).

More notable recent New Oriental Education & Technology Group Inc. (NYSE:EDU) news were published by: Seekingalpha.com which released: “Best Performing Large-Cap ADRs: January 2019 – Seeking Alpha” on February 04, 2019, also Finance.Yahoo.com with their article: “Calculating The Fair Value Of New Oriental Education & Technology Group Inc. (NYSE:EDU) – Yahoo Finance” published on May 08, 2019, Finance.Yahoo.com published: “Were Hedge Funds Right About Flocking Into Skyworks Solutions Inc (SWKS)? – Yahoo Finance” on June 07, 2019. More interesting news about New Oriental Education & Technology Group Inc. (NYSE:EDU) were released by: Finance.Yahoo.com and their article: “Is Cardinal Health, Inc. (CAH) A Good Stock To Buy? – Yahoo Finance” published on June 18, 2019 as well as Fool.com‘s news article titled: “Why New Oriental Education Stock Popped Today – The Motley Fool” with publication date: July 23, 2019.

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