Handelsbanken Fonder AB boosted its stake in shares of TAL Education Group (NYSE:TAL) by 333.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 260,000 shares of the company’s stock after purchasing an additional 200,000 shares during the period. Handelsbanken Fonder AB owned about 0.05% of TAL Education Group worth $8,765,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in TAL. Oppenheimer Asset Management Inc. acquired a new stake in TAL Education Group in the second quarter valued at approximately $153,000. Tower Research Capital LLC TRC acquired a new stake in shares of TAL Education Group in the second quarter worth $154,000. QS Investors LLC acquired a new stake in shares of TAL Education Group in the second quarter worth $208,000. Brighton Jones LLC acquired a new stake in shares of TAL Education Group in the second quarter worth $226,000. Finally, Greenleaf Trust acquired a new stake in shares of TAL Education Group in the second quarter worth $229,000. 14.94% of the stock is currently owned by hedge funds and other institutional investors.
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TAL has been the subject of a number of analyst reports. UBS AG initiated coverage on shares of TAL Education Group in a research note on Tuesday, August 1st. They issued a “buy” rating for the company. Jefferies Group LLC reiterated a “buy” rating and set a $29.33 target price on shares of TAL Education Group in a research note on Monday, July 31st. Bank of America Corporation reiterated a “buy” rating and set a $40.30 target price (up from $29.10) on shares of TAL Education Group in a research note on Monday, September 25th. Zacks Investment Research cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Citigroup Inc. began coverage on shares of TAL Education Group in a report on Tuesday, July 18th. They issued a “neutral” rating and a $25.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $31.16.
Shares of TAL Education Group (TAL) traded down $1.20 during trading hours on Friday, hitting $29.40. 3,164,100 shares of the company were exchanged, compared to its average volume of 3,950,380. The firm has a market cap of $14,959.18, a P/E ratio of 127.50, a price-to-earnings-growth ratio of 1.42 and a beta of 0.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.32. TAL Education Group has a 1-year low of $11.02 and a 1-year high of $36.16.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The firm had revenue of $455.80 million during the quarter, compared to analyst estimates of $441.18 million. The company’s revenue for the quarter was up 68.1% on a year-over-year basis. equities analysts anticipate that TAL Education Group will post 0.37 earnings per share for the current year.
About TAL Education Group
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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