Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of TAL Education Group (NYSE:TAL) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 40,400 shares of the company’s stock, valued at approximately $1,362,000. TAL Education Group comprises approximately 1.0% of Central Asset Investments & Management Holdings HK Ltd’s portfolio, making the stock its 16th biggest position.
Several other institutional investors and hedge funds have also modified their holdings of the company. Baillie Gifford & Co. lifted its position in TAL Education Group by 530.5% in the 3rd quarter. Baillie Gifford & Co. now owns 23,724,100 shares of the company’s stock worth $799,739,000 after buying an additional 19,961,398 shares during the last quarter. Greenwoods Asset Management Ltd lifted its position in TAL Education Group by 474.7% in the 3rd quarter. Greenwoods Asset Management Ltd now owns 6,626,686 shares of the company’s stock worth $223,386,000 after buying an additional 5,473,555 shares during the last quarter. Principal Financial Group Inc. lifted its position in TAL Education Group by 501.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock worth $162,358,000 after buying an additional 4,015,962 shares during the last quarter. Thornburg Investment Management Inc. lifted its position in TAL Education Group by 1,386.4% in the 3rd quarter. Thornburg Investment Management Inc. now owns 3,353,831 shares of the company’s stock worth $113,058,000 after buying an additional 3,128,201 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its position in TAL Education Group by 1,096.6% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,530,746 shares of the company’s stock worth $85,311,000 after buying an additional 2,319,259 shares during the last quarter. Hedge funds and other institutional investors own 51.34% of the company’s stock.
Shares of TAL Education Group (TAL) traded down $0.35 during mid-day trading on Thursday, reaching $28.99. The company’s stock had a trading volume of 4,133,800 shares, compared to its average volume of 4,006,773. 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 12-month low of $11.02 and a 12-month high of $36.16. The company has a market capitalization of $14,480.00, a P/E ratio of 122.25, a P/E/G ratio of 1.36 and a beta of 0.17.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $455.80 million during the quarter, compared to the consensus estimate of $441.18 million. The company’s quarterly revenue was up 68.1% compared to the same quarter last year. equities analysts forecast that TAL Education Group will post 0.37 EPS for the current year.
A number of analysts recently weighed in on TAL shares. Macquarie downgraded TAL Education Group from an “outperform” rating to a “neutral” rating in a research report on Friday, October 27th. Jefferies Group boosted their target price on TAL Education Group to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research downgraded TAL Education Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Bank of America restated a “buy” rating and issued a $40.30 target price (up previously from $29.10) on shares of TAL Education Group in a research report on Monday, September 25th. Finally, Morgan Stanley began coverage on TAL Education Group in a research report on Friday, August 25th. They issued an “overweight” rating and a $37.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price 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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