Parametrica Management Ltd increased its stake in TAL Education Group (NYSE:TAL) by 2,409.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,724 shares of the company’s stock after buying an additional 95,750 shares during the period. TAL Education Group comprises about 1.4% of Parametrica Management Ltd’s investment portfolio, making the stock its 14th largest position. Parametrica Management Ltd’s holdings in TAL Education Group were worth $3,362,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new stake in TAL Education Group during the second quarter valued at $153,000. Tower Research Capital LLC TRC acquired a new position in shares of TAL Education Group during the second quarter valued at $154,000. QS Investors LLC acquired a new position in shares of TAL Education Group during the second quarter valued at $208,000. Brighton Jones LLC acquired a new position in shares of TAL Education Group during the second quarter valued at $226,000. Finally, Greenleaf Trust acquired a new position in shares of TAL Education Group during the second quarter valued at $229,000. Institutional investors and hedge funds own 14.94% of the company’s stock.
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Shares of TAL Education Group (NYSE TAL) opened at $29.40 on Friday. The company has a market capitalization of $14,372.54, a P/E ratio of 122.50, a P/E/G ratio of 1.37 and a beta of 0.22. TAL Education Group has a 12 month low of $11.02 and a 12 month high of $36.16. 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 (NYSE:TAL) last announced its earnings results on Thursday, October 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The company had revenue of $455.80 million for the quarter, compared to the consensus estimate of $441.18 million. TAL Education Group had a return on equity of 18.17% and a net margin of 9.90%. The firm’s quarterly revenue was up 68.1% compared to the same quarter last year. research analysts expect that TAL Education Group will post 0.37 earnings per share for the current year.
TAL has been the subject of several analyst reports. Macquarie downgraded shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. Jefferies Group LLC upped their price objective on shares of TAL Education Group to $35.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. J P Morgan Chase & Co upped their price target on shares of TAL Education Group to $31.67 and gave the company an “overweight” rating in a report on Thursday, July 27th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $40.30 price target (up from $29.10) on shares of TAL Education Group in a report on Monday, September 25th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. TAL Education Group presently has an average rating of “Buy” and a consensus target price of $31.16.
TAL Education Group 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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