Candriam Luxembourg S.C.A. acquired 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 fund acquired 107,300 shares of the company’s stock, valued at approximately $13,124,000. Candriam Luxembourg S.C.A. owned about 0.13% of TAL Education Group as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of TAL. TB Alternative Assets Ltd. acquired a new stake in TAL Education Group during the second quarter worth approximately $63,729,000. J&P China Capital Management CO. Ltd. acquired a new stake in TAL Education Group during the second quarter worth approximately $34,757,000. Bank of Montreal Can acquired a new stake in TAL Education Group during the second quarter worth approximately $33,274,000. Russell Investments Group Ltd. acquired a new stake in TAL Education Group during the second quarter worth approximately $32,087,000. Finally, DnB Asset Management AS purchased a new stake in shares of TAL Education Group during the second quarter valued at approximately $12,684,000. Institutional investors and hedge funds own 57.64% of the company’s stock.
TAL Education Group (NYSE TAL) traded up 0.68% during trading on Tuesday, reaching $174.76. The company’s stock had a trading volume of 469,633 shares. The company has a market capitalization of $14.39 billion, a PE ratio of 119.78 and a beta of 0.26. The company has a 50 day moving average price of $144.43 and a 200-day moving average price of $115.62. TAL Education Group has a 52 week low of $59.20 and a 52 week high of $175.59. TAL Education Group’s stock is set to split on Wednesday, August 16th. The 6-1 split was announced on Friday, January 1st. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, August 15th.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The business had revenue of $321.90 million during the quarter, compared to the consensus estimate of $306.46 million. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The company’s quarterly revenue was up 65.0% on a year-over-year basis. Equities research analysts anticipate that TAL Education Group will post $1.99 earnings per share for the current year.
Several analysts recently commented on TAL shares. Benchmark Co. started coverage on TAL Education Group in a research report on Tuesday, April 18th. They set a “buy” rating and a $22.50 price target for the company. Jefferies Group LLC reiterated a “buy” rating on shares of TAL Education Group in a research report on Tuesday, April 18th. Zacks Investment Research cut TAL Education Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) cut TAL Education Group from a “buy” rating to a “neutral” rating and set a $22.17 price target for the company. in a research report on Tuesday, May 16th. Finally, Macquarie started coverage on TAL Education Group in a research report on Thursday, June 29th. They set an “outperform” rating and a $27.50 price target for the company. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $23.65.
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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