Suntrust Banks Inc. purchased a new stake in shares of TAL Education Group (NYSE:TAL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,603 shares of the company’s stock, valued at approximately $403,000.
Several other hedge funds have also made changes to their positions in TAL. Greenwoods Asset Management Ltd lifted its stake in shares of TAL Education Group by 474.7% during the 3rd quarter. Greenwoods Asset Management Ltd now owns 6,626,686 shares of the company’s stock valued at $223,386,000 after buying an additional 5,473,555 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of TAL Education Group by 501.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock valued at $162,358,000 after buying an additional 4,015,962 shares in the last quarter. Thornburg Investment Management Inc. lifted its stake in shares of TAL Education Group by 1,386.4% during the 3rd quarter. Thornburg Investment Management Inc. now owns 3,353,831 shares of the company’s stock valued at $113,058,000 after buying an additional 3,128,201 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its holdings in TAL Education Group by 1,096.6% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,530,746 shares of the company’s stock worth $85,311,000 after acquiring an additional 2,319,259 shares during the period. Finally, Bamco Inc. NY increased its holdings in TAL Education Group by 406.3% during the 3rd quarter. Bamco Inc. NY now owns 2,649,724 shares of the company’s stock worth $89,322,000 after acquiring an additional 2,126,332 shares during the period. Institutional investors own 55.98% of the company’s stock.
A number of analysts recently weighed in on TAL shares. ValuEngine lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. Finally, Deutsche Bank started coverage on shares of TAL Education Group in a report on Thursday, January 4th. They set a “buy” rating and a $35.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. TAL Education Group currently has an average rating of “Buy” and an average target price of $31.55.
TAL Education Group (NYSE TAL) traded down $0.65 during trading on Friday, reaching $38.32. 7,507,276 shares of the company were exchanged, compared to its average volume of 6,215,715. The company has a market cap of $18,923.85, a price-to-earnings ratio of 135.25 and a beta of 0.28. TAL Education Group has a twelve month low of $15.92 and a twelve month high of $39.28. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.25.
TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. The firm had revenue of $433.27 million for the quarter. TAL Education Group had a net margin of 10.55% and a return on equity of 19.59%. research analysts anticipate that TAL Education Group will post 0.33 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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