TAL Education Group (TAL) Shares Bought by Matthews International Capital Management LLC

Matthews International Capital Management LLC increased its stake in TAL Education Group (NYSE:TAL) by 17.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 183,600 shares of the company’s stock after acquiring an additional 27,000 shares during the quarter. TAL Education Group accounts for about 0.3% of Matthews International Capital Management LLC’s portfolio, making the stock its 27th largest position. Matthews International Capital Management LLC’s holdings in TAL Education Group were worth $5,455,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TAL. Ameriprise Financial Inc. bought a new stake in shares of TAL Education Group in the second quarter worth $514,000. Vanguard Group Inc. bought a new stake in shares of TAL Education Group in the second quarter worth $28,864,000. Dimensional Fund Advisors LP bought a new stake in shares of TAL Education Group in the second quarter worth $15,055,000. Voya Investment Management LLC bought a new stake in shares of TAL Education Group in the second quarter worth $788,000. Finally, Royal Bank of Canada bought a new stake in shares of TAL Education Group in the second quarter worth $1,238,000. Institutional investors and hedge funds own 52.79% of the company’s stock.

A number of analysts recently issued reports on TAL shares. Zacks Investment Research lowered shares of TAL Education Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 28th. Macquarie lowered shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th. Deutsche Bank started coverage on shares of TAL Education Group in a research note on Thursday, January 4th. They set a “buy” rating and a $35.00 target price for the company. Finally, ValuEngine lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. TAL Education Group has an average rating of “Buy” and a consensus target price of $31.55.

Shares of TAL Education Group (TAL) opened at $36.08 on Wednesday. TAL Education Group has a 12 month low of $13.50 and a 12 month high of $36.20. The firm has a market cap of $17,462.15, a price-to-earnings ratio of 126.07 and a beta of 0.40. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.25.

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

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