Swiss National Bank lifted its holdings in TAL Education Group (NYSE:TAL) by 472.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 570,146 shares of the company’s stock after purchasing an additional 470,567 shares during the quarter. Swiss National Bank owned 116,627.66% of TAL Education Group worth $19,220,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. World Asset Management Inc increased its holdings in shares of TAL Education Group by 502.6% in the third quarter. World Asset Management Inc now owns 16,216 shares of the company’s stock valued at $547,000 after purchasing an additional 13,525 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of TAL Education Group in the second quarter valued at about $503,000. Legal & General Group Plc acquired a new position in shares of TAL Education Group in the second quarter valued at about $11,312,000. Wealthsource Partners LLC acquired a new position in shares of TAL Education Group in the second quarter valued at about $458,000. Finally, Tudor Investment Corp ET AL acquired a new stake in TAL Education Group during the second quarter worth about $723,000. 51.34% of the stock is currently owned by hedge funds and other institutional investors.
TAL has been the topic of a number of analyst reports. Macquarie downgraded shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th. Jefferies Group increased their target price 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 lowered shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Bank of America reiterated a “buy” rating and issued a $40.30 price objective (up previously from $29.10) on shares of TAL Education Group in a report on Monday, September 25th. Finally, Morgan Stanley began coverage on shares of TAL Education Group in a report on Friday, August 25th. They issued an “overweight” rating and a $37.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.16.
Shares of TAL Education Group (TAL) traded down $0.66 during trading hours on Monday, reaching $27.33. The company’s stock had a trading volume of 4,220,809 shares, compared to its average volume of 3,990,946. The company has a market cap of $13,650.00, a PE ratio of 116.63, a PEG ratio of 1.30 and a beta of 0.17. TAL Education Group has a fifty-two week low of $11.02 and a fifty-two week high of $36.16. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32.
TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 26th. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.02). The business 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 company’s revenue for the quarter was up 68.1% on a year-over-year basis. equities research analysts forecast that TAL Education Group will post 0.37 earnings per share for the current year.
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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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