Profund Advisors Has Lowered Its New Oriental Ed & Tech Grp I (EDU) Stake by $492,714; Jacobson & Schmitt Advisors Lowered Its Position in Prosperity Bancshares (PB) as Market Valuation Declined

May 24, 2018 - By Nellie Frank

Jacobson & Schmitt Advisors Llc decreased its stake in Prosperity Bancshares Inc (PB) by 6.16% based on its latest 2017Q4 regulatory filing with the SEC. Jacobson & Schmitt Advisors Llc sold 5,363 shares as the company’s stock declined 0.68% with the market. The institutional investor held 81,660 shares of the finance company at the end of 2017Q4, valued at $5.72 million, down from 87,023 at the end of the previous reported quarter. Jacobson & Schmitt Advisors Llc who had been investing in Prosperity Bancshares Inc for a number of months, seems to be less bullish one the $5.16B market cap company. The stock decreased 1.31% or $0.98 during the last trading session, reaching $73.92. About 153,875 shares traded. Prosperity Bancshares, Inc. (NYSE:PB) has risen 5.31% since May 24, 2017 and is uptrending. It has underperformed by 6.24% the S&P500.

Profund Advisors Llc decreased its stake in New Oriental Ed & Tech Grp I (EDU) by 35.89% based on its latest 2017Q4 regulatory filing with the SEC. Profund Advisors Llc sold 5,298 shares as the company’s stock declined 4.38% with the market. The institutional investor held 9,462 shares of the consumer services company at the end of 2017Q4, valued at $889,000, down from 14,760 at the end of the previous reported quarter. Profund Advisors Llc who had been investing in New Oriental Ed & Tech Grp I for a number of months, seems to be less bullish one the $16.43 billion market cap company. The stock increased 2.57% or $2.6 during the last trading session, reaching $103.93. About 1.38 million shares traded. New Oriental Education & Technology Group Inc. (NYSE:EDU) has risen 50.87% since May 24, 2017 and is uptrending. It has outperformed by 39.32% the S&P500.

Among 12 analysts covering New Oriental Education & Technology Group (NYSE:EDU), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. New Oriental Education & Technology Group had 37 analyst reports since September 9, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, July 21 by TH Capital. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) earned “Buy” rating by Jefferies on Thursday, July 13. The firm has “Sell” rating by J.P. Morgan given on Thursday, September 14. The rating was upgraded by Mizuho to “Buy” on Thursday, February 4. The stock has “Buy” rating by Jefferies on Sunday, August 27. As per Tuesday, April 24, the company rating was maintained by Jefferies. JP Morgan maintained the stock with “Overweight” rating in Wednesday, September 9 report. The firm has “Hold” rating by J.P. Morgan given on Monday, March 5. The stock has “Buy” rating by Benchmark on Wednesday, July 26. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) has “Overweight” rating given on Thursday, April 14 by Morgan Stanley.

Another recent and important New Oriental Education & Technology Group Inc. (NYSE:EDU) news was published by Benzinga.com which published an article titled: “Benzinga’s Top Upgrades, Downgrades For May 24, 2018” on May 24, 2018.

Profund Advisors Llc, which manages about $4.85 billion and $2.59B US Long portfolio, upped its stake in Capital One Finl Corp (NYSE:COF) by 3,515 shares to 14,887 shares, valued at $1.48M in 2017Q4, according to the filing. It also increased its holding in Automatic Data Processing In (NASDAQ:ADP) by 3,557 shares in the quarter, for a total of 38,876 shares, and has risen its stake in Schwab Charles Corp New (NYSE:SCHW).

Analysts await Prosperity Bancshares, Inc. (NYSE:PB) to report earnings on July, 25. They expect $1.15 earnings per share, up 16.16% or $0.16 from last year’s $0.99 per share. PB’s profit will be $80.32 million for 16.07 P/E if the $1.15 EPS becomes a reality. After $1.07 actual earnings per share reported by Prosperity Bancshares, Inc. for the previous quarter, Wall Street now forecasts 7.48% EPS growth.

Prosperity Bancshares, Inc. (NYSE:PB) Institutional Positions Chart

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