Candriam Luxembourg S.C.A. purchased a new position in shares of TAL Education Group (NYSE:TAL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 107,300 shares of the company’s stock, valued at approximately $13,124,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TB Alternative Assets Ltd. acquired a new position in TAL Education Group during the second quarter worth approximately $63,729,000. J&P China Capital Management CO. Ltd. acquired a new position in TAL Education Group during the second quarter worth approximately $34,757,000. Bank of Montreal Can acquired a new position in TAL Education Group during the second quarter worth approximately $33,274,000. Russell Investments Group Ltd. acquired a new position in TAL Education Group during the second quarter worth approximately $32,087,000. Finally, DnB Asset Management AS acquired a new position in TAL Education Group during the second quarter worth approximately $12,684,000. 57.61% of the stock is owned by institutional investors and hedge funds.
TAL Education Group (TAL) opened at 161.00 on Friday. The stock has a market cap of $13.26 billion, a P/E ratio of 110.35 and a beta of 0.26. The firm’s 50 day moving average price is $132.39 and its 200-day moving average price is $110.17. TAL Education Group has a 12-month low of $57.63 and a 12-month high of $161.08. TAL Education Group shares are scheduled to split before the market opens on Wednesday, August 16th. The 6-1 split was announced on Friday, January 1st. The newly created shares will be payable to shareholders after the market closes on Tuesday, August 15th.
TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.16. TAL Education Group had a net margin of 11.14% and a return on equity of 19.47%. The firm had revenue of $321.90 million during the quarter, compared to the consensus estimate of $306.46 million. The company’s quarterly revenue was up 65.0% compared to the same quarter last year. Equities research analysts anticipate that TAL Education Group will post $1.99 earnings per share for the current fiscal year.
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A number of research analysts have commented on TAL shares. Macquarie started coverage on TAL Education Group in a research report on Thursday, June 29th. They set an “outperform” rating and a $165.00 price target for the company. Goldman Sachs Group, Inc. (The) lowered TAL Education Group from a “buy” rating to a “neutral” rating and set a $133.00 price target for the company. in a research report on Tuesday, May 16th. Benchmark Co. upped their price target on TAL Education Group to $137.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. J P Morgan Chase & Co upped their price target on TAL Education Group to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research lowered TAL Education Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. TAL Education Group currently has a consensus rating of “Buy” and an average target price of $141.88.
TAL Education Group Company Profile
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.
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