Smith Asset Management Group LP Boosted New Oriental Ed & Tech (EDU) Holding By $430,500; 7 Analysts Bullish 8×8, Inc. (EGHT)

November 14, 2017 - By Marie Mckinney

Smith Asset Management Group Lp increased New Oriental Ed & Tech (EDU) stake by 168.49% reported in 2017Q2 SEC filing. Smith Asset Management Group Lp acquired 6,150 shares as New Oriental Ed & Tech (EDU)’s stock rose 45.08%. The Smith Asset Management Group Lp holds 9,800 shares with $691,000 value, up from 3,650 last quarter. New Oriental Ed & Tech now has $13.32B valuation. The stock declined 0.41% or $0.35 reaching $84.26 on the news. About 20 shares traded. New Oriental Education & Tech Grp (ADR) (NYSE:EDU) has risen 76.69% since November 14, 2016 and is uptrending. It has outperformed by 59.99% the S&P500.

Among 12 analysts covering 8×8 (NASDAQ:EGHT), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. 8×8 had 24 analyst reports since August 10, 2015 according to SRatingsIntel. Northland Capital maintained 8×8, Inc. (NASDAQ:EGHT) on Tuesday, September 5 with “Buy” rating. The stock of 8×8, Inc. (NASDAQ:EGHT) earned “Buy” rating by Northland Capital on Friday, July 28. The company was maintained on Tuesday, July 19 by Dougherty & Company. The stock has “Buy” rating by Summit Research on Monday, January 25. Needham initiated 8×8, Inc. (NASDAQ:EGHT) on Friday, June 3 with “Buy” rating. The stock has “Buy” rating by Canaccord Genuity on Monday, August 10. The company was maintained on Tuesday, September 5 by Needham. The firm has “Buy” rating given on Tuesday, June 27 by Northland Capital. The rating was maintained by Needham on Friday, July 22 with “Buy”. The rating was maintained by Barclays Capital with “Overweight” on Friday, January 22. See 8×8, Inc. (NASDAQ:EGHT) latest ratings:

27/10/2017 Broker: Needham Rating: Buy New Target: $16.0 Maintain
27/10/2017 Broker: Summit Redstone Partners Old Rating: Buy New Rating: Hold Downgrade
24/10/2017 Broker: B. Riley & Co Rating: Hold New Target: $14.0
19/10/2017 Broker: Robert W. Baird Rating: Buy New Target: $18.0 Maintain
05/09/2017 Broker: Needham Rating: Buy New Target: $18.0 Maintain
05/09/2017 Broker: Northland Capital Rating: Buy New Target: $18.0 Maintain
28/07/2017 Broker: Craig Hallum Old Rating: Buy New Rating: Hold Downgrade
28/07/2017 Broker: Northland Capital Rating: Buy New Target: $18.0000 Maintain
27/06/2017 Broker: Northland Capital Rating: Buy New Target: $18.0000 Maintain
26/05/2017 Broker: William Blair Rating: Hold Maintain

Among 11 analysts covering New Oriental Education & Technology Group (NYSE:EDU), 8 have Buy rating, 1 Sell and 2 Hold. Therefore 73% are positive. New Oriental Education & Technology Group had 30 analyst reports since September 9, 2015 according to SRatingsIntel. The company was initiated on Thursday, July 21 by Brean Capital. As per Wednesday, September 9, the company rating was maintained by JP Morgan. As per Friday, October 6, the company rating was maintained by Benchmark. TH Capital maintained New Oriental Education & Tech Grp (ADR) (NYSE:EDU) rating on Thursday, July 21. TH Capital has “Buy” rating and $52 target. The firm has “Buy” rating by Jefferies given on Friday, July 8. The firm has “Buy” rating by Jefferies given on Sunday, August 27. The stock has “Neutral” rating by Nomura on Thursday, July 21. The company was initiated on Thursday, January 14 by Credit Suisse. The rating was upgraded by Jefferies on Wednesday, October 21 to “Buy”. JP Morgan upgraded the shares of EDU in report on Wednesday, January 18 to “Overweight” rating.

Smith Asset Management Group Lp decreased Ppg Industries Inc (NYSE:PPG) stake by 16,650 shares to 89,120 valued at $9.80 million in 2017Q2. It also reduced Illinois Tool Works (NYSE:ITW) stake by 34,070 shares and now owns 199,200 shares. Sm Energy Co (NYSE:SM) was reduced too.

It closed at $13.45 lastly. It is down 12.01% since November 14, 2016 and is uptrending. It has underperformed by 4.69% the S&P500.

Investors sentiment increased to 1.3 in 2017 Q2. Its up 0.21, from 1.09 in 2017Q1. It improved, as 24 investors sold 8×8, Inc. shares while 39 reduced holdings. 23 funds opened positions while 59 raised stakes. 58.00 million shares or 2.92% less from 59.75 million shares in 2017Q1 were reported. Alliancebernstein L P owns 122,652 shares for 0% of their portfolio. Blackrock Incorporated has invested 0.01% of its portfolio in 8×8, Inc. (NASDAQ:EGHT). Tci Wealth Advsrs Inc reported 109 shares stake. Cypress Management Ltd Liability Co (Wy) stated it has 250 shares or 0% of all its holdings. holds 0% or 66,557 shares. Nomura Asset Management Limited holds 0.01% or 57,500 shares in its portfolio. Next Century Growth Invsts Lc invested 0.24% of its portfolio in 8×8, Inc. (NASDAQ:EGHT). Peak6 Invests Ltd Partnership invested in 78,716 shares. Aperio Grp Limited Liability Com holds 70,789 shares. Tiaa Cref Invest Mgmt Lc accumulated 386,051 shares. Prudential Incorporated owns 153,958 shares for 0% of their portfolio. Pacad Inv holds 0.05% or 24,150 shares. Citadel Advisors Ltd Com has invested 0% in 8×8, Inc. (NASDAQ:EGHT). New York-based Amalgamated National Bank & Trust has invested 0.01% in 8×8, Inc. (NASDAQ:EGHT). California Employees Retirement owns 0% invested in 8×8, Inc. (NASDAQ:EGHT) for 206,900 shares.

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