Nomura Asset Management Co. Ltd. grew its holdings in TAL Education Group (NYSE:TAL) by 500.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,325,900 shares of the company’s stock after purchasing an additional 1,105,100 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.27% of TAL Education Group worth $44,696,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in TAL. Oppenheimer Asset Management Inc. acquired a new stake in TAL Education Group during the second quarter worth approximately $153,000. Tower Research Capital LLC TRC acquired a new stake in TAL Education Group during the second quarter worth approximately $154,000. QS Investors LLC acquired a new stake in TAL Education Group during the second quarter worth approximately $208,000. Brighton Jones LLC acquired a new stake in TAL Education Group during the second quarter worth approximately $226,000. Finally, Alta Advisers Ltd acquired a new stake in TAL Education Group during the second quarter worth approximately $257,000. Institutional investors and hedge funds own 51.34% of the company’s stock.
Shares of TAL Education Group (TAL) traded down $0.66 during mid-day trading on Tuesday, hitting $27.33. 4,221,100 shares of the stock were exchanged, compared to its average volume of 3,990,948. 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 debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $13,683.25, a P/E ratio of 116.63, a PEG ratio of 1.30 and a beta of 0.19.
TAL Education Group (NYSE:TAL) last issued 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). TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The business had revenue of $455.80 million during the quarter, compared to analysts’ expectations of $441.18 million. TAL Education Group’s revenue was up 68.1% on a year-over-year basis. equities analysts forecast that TAL Education Group will post 0.37 earnings per share for the current fiscal year.
TAL has been the topic of a number of recent analyst reports. Jefferies Group increased their price target on shares of TAL Education Group to $35.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Bank of America reaffirmed a “buy” rating and set a $40.30 price target (up previously from $29.10) on shares of TAL Education Group in a research note on Monday, September 25th. Zacks Investment Research downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Macquarie downgraded shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th. Finally, Morgan Stanley initiated coverage on shares of TAL Education Group in a research note on Friday, August 25th. They set an “overweight” rating and a $37.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $31.16.
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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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