First Trust Advisors LP acquired a new position in shares of Nord Anglia Education Inc (NYSE:NORD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 51,498 shares of the company’s stock, valued at approximately $1,089,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NORD. Franklin Resources Inc. boosted its position in Nord Anglia Education by 1.7% in the first quarter. Franklin Resources Inc. now owns 972,209 shares of the company’s stock valued at $20,309,000 after buying an additional 16,711 shares in the last quarter. Swiss National Bank boosted its position in Nord Anglia Education by 109.3% in the second quarter. Swiss National Bank now owns 55,721 shares of the company’s stock valued at $1,178,000 after buying an additional 29,100 shares in the last quarter. Granite Point Capital Management L.P. acquired a new position in Nord Anglia Education during the second quarter valued at $989,000. State Street Corp boosted its position in Nord Anglia Education by 53.9% in the first quarter. State Street Corp now owns 39,310 shares of the company’s stock valued at $822,000 after buying an additional 13,765 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in Nord Anglia Education during the second quarter valued at $592,000.
Nord Anglia Education Inc (NYSE:NORD) traded up 1.12% during mid-day trading on Tuesday, reaching $21.74. The company’s stock had a trading volume of 20,383 shares. Nord Anglia Education Inc has a one year low of $14.58 and a one year high of $23.88. The stock has a 50-day moving average price of $21.92 and a 200-day moving average price of $21.66. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 158.69 and a beta of 0.92.
Nord Anglia Education (NYSE:NORD) last announced its earnings results on Tuesday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $253.80 million for the quarter, compared to the consensus estimate of $247.57 million. The firm’s revenue was up 49.3% compared to the same quarter last year. During the same period last year, the business posted $0.24 EPS. Equities research analysts forecast that Nord Anglia Education Inc will post $0.64 EPS for the current year.
Several research analysts have recently weighed in on NORD shares. JPMorgan Chase & Co. boosted their price target on Nord Anglia Education from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 9th. Zacks Investment Research raised Nord Anglia Education from a “sell” rating to a “hold” rating in a report on Friday, July 1st. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Nord Anglia Education in a report on Tuesday, June 28th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Nord Anglia Education in a report on Saturday, July 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $24.71.
About Nord Anglia Education
Nord Anglia Education, Inc is an operator of premium international schools. The principal activities of the Company consist of premium schools and associated activities in China, which includes the People’s Republic of China and Hong Kong Special Administrative Region (SAR); Europe, which includes Switzerland, Slovakia, Hungary, Czech Republic, Spain and Poland; Middle East/South East Asia (ME/SEA), which includes the United Arab Emirates, Qatar, Thailand, Singapore, Cambodia and Vietnam, and North America, which includes the United States and Mexico.
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