AMP Capital Investors Ltd Acquires 21,510 Shares of TAL Education Group (NYSE:TAL)

AMP Capital Investors Ltd grew its stake in shares of TAL Education Group (NYSE:TAL) by 479.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,992 shares of the company’s stock after buying an additional 21,510 shares during the quarter. AMP Capital Investors Ltd’s holdings in TAL Education Group were worth $876,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. OZ Management LP purchased a new stake in shares of TAL Education Group during the third quarter worth about $2,618,000. Allianz Asset Management GmbH boosted its holdings in shares of TAL Education Group by 974.9% during the third quarter. Allianz Asset Management GmbH now owns 200,504 shares of the company’s stock worth $6,758,000 after purchasing an additional 181,851 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of TAL Education Group by 500.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,325,900 shares of the company’s stock worth $44,696,000 after purchasing an additional 1,105,100 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of TAL Education Group by 497.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 455,044 shares of the company’s stock worth $15,404,000 after purchasing an additional 378,870 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of TAL Education Group by 531.0% during the third quarter. Envestnet Asset Management Inc. now owns 4,909 shares of the company’s stock worth $166,000 after purchasing an additional 4,131 shares during the period. 51.22% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on the stock. Zacks Investment Research lowered shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. Macquarie lowered shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. Bank of America restated a “buy” rating and issued a $40.30 price objective (up from $29.10) on shares of TAL Education Group in a report on Monday, September 25th. Deutsche Bank assumed coverage on shares of TAL Education Group in a report on Thursday, January 4th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, ValuEngine lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $31.55.

TAL Education Group (TAL) traded down $1.32 during mid-day trading on Friday, hitting $31.08. 7,910,000 shares of the stock traded hands, compared to its average volume of 4,120,000. TAL Education Group has a 1 year low of $12.34 and a 1 year high of $36.16. The stock has a market capitalization of $15,520.00, a price-to-earnings ratio of 124.32, a price-to-earnings-growth ratio of 1.59 and a beta of 0.19. 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 released its earnings results on Thursday, October 26th. The company reported $0.10 earnings per share (EPS) 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 business had revenue of $455.80 million for the quarter, compared to analysts’ expectations of $441.18 million. The company’s revenue for the quarter was up 68.1% compared to the same quarter last year. analysts forecast that TAL Education Group will post 0.35 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for TAL Education Group (NYSE:TAL)

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