Falcon Edge Capital LP Decreased New Oriental Ed & Tech Grp I (EDU) Holding By $17.15 Million; Garmin Limited Switzerland (GRMN) Sellers Increased By 2.4% Their Shorts

October 11, 2017 - By Kurt Siggers

Falcon Edge Capital Lp decreased New Oriental Ed & Tech Grp I (EDU) stake by 47.85% reported in 2017Q2 SEC filing. Falcon Edge Capital Lp sold 245,000 shares as New Oriental Ed & Tech Grp I (EDU)’s stock rose 45.08%. The Falcon Edge Capital Lp holds 267,000 shares with $18.82 million value, down from 512,000 last quarter. New Oriental Ed & Tech Grp I now has $14.44 billion valuation. The stock decreased 2.25% or $2.1 during the last trading session, reaching $91.34. About 1.27 million shares traded. New Oriental Education & Tech Grp (ADR) (NYSE:EDU) has risen 76.69% since October 11, 2016 and is uptrending. It has outperformed by 59.99% the S&P500.

Garmin Limited Switzerland (NASDAQ:GRMN) had an increase of 2.4% in short interest. GRMN’s SI was 16.37 million shares in October as released by FINRA. Its up 2.4% from 15.99M shares previously. With 864,900 avg volume, 19 days are for Garmin Limited Switzerland (NASDAQ:GRMN)’s short sellers to cover GRMN’s short positions. The SI to Garmin Limited Switzerland’s float is 18.59%. The stock increased 0.22% or $0.12 during the last trading session, reaching $54.38. About 619,202 shares traded. Garmin Ltd. (NASDAQ:GRMN) has risen 28.63% since October 11, 2016 and is uptrending. It has outperformed by 11.93% the S&P500.

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 29 analyst reports since September 9, 2015 according to SRatingsIntel. Morgan Stanley initiated the stock with “Overweight” rating in Thursday, April 14 report. The rating was maintained by Macquarie Research with “Outperform” on Thursday, January 21. The company was downgraded on Thursday, September 14 by J.P. Morgan. The stock of New Oriental Education & Tech Grp (ADR) (NYSE:EDU) earned “Buy” rating by Jefferies on Wednesday, April 26. As per Wednesday, October 21, the company rating was upgraded by Brean Capital. The stock of New Oriental Education & Tech Grp (ADR) (NYSE:EDU) earned “Buy” rating by Benchmark on Friday, October 6. Morgan Stanley initiated the stock with “Overweight” rating in Friday, August 25 report. The rating was maintained by Benchmark on Wednesday, April 19 with “Buy”. The rating was maintained by TH Capital with “Buy” on Monday, January 18. On Friday, July 8 the stock rating was reinitiated by Jefferies with “Buy”.

Garmin Ltd. and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The company has market cap of $10.77 billion. The Firm operates through five divisions. It has a 15.33 P/E ratio. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market.

Among 15 analysts covering Garmin Ltd. (NASDAQ:GRMN), 3 have Buy rating, 4 Sell and 8 Hold. Therefore 20% are positive. Garmin Ltd. had 26 analyst reports since July 30, 2015 according to SRatingsIntel. The company was downgraded on Monday, August 22 by Raymond James. JP Morgan downgraded it to “Underweight” rating and $40 target in Thursday, July 30 report. JP Morgan upgraded the stock to “Neutral” rating in Monday, October 19 report. The stock has “Underweight” rating by JP Morgan on Thursday, February 18. The firm earned “Underperform” rating on Friday, January 15 by Credit Suisse. The rating was downgraded by Bank of America to “Underperform” on Thursday, August 4. The company was downgraded on Wednesday, August 24 by Goldman Sachs. The rating was upgraded by Citigroup on Thursday, October 29 to “Neutral”. The company was downgraded on Thursday, October 15 by Dougherty & Company. RBC Capital Markets maintained the shares of GRMN in report on Thursday, October 15 with “Outperform” rating.

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By1 Kurt Siggers




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