Yiheng Capital LLC Acquires 350,000 Shares of TAL Education Group (TAL)

Yiheng Capital LLC raised its holdings in shares of TAL Education Group (NYSE:TAL) by 13.9% in the second quarter, HoldingsChannel reports. The firm owned 2,870,304 shares of the company’s stock after purchasing an additional 350,000 shares during the period. TAL Education Group comprises 17.6% of Yiheng Capital LLC’s portfolio, making the stock its largest holding. Yiheng Capital LLC’s holdings in TAL Education Group were worth $105,627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TAL. Baillie Gifford & Co. increased its position in shares of TAL Education Group by 92.4% during the first quarter. Baillie Gifford & Co. now owns 49,690,142 shares of the company’s stock valued at $1,843,008,000 after acquiring an additional 23,867,404 shares in the last quarter. Morgan Stanley increased its position in shares of TAL Education Group by 4.4% during the second quarter. Morgan Stanley now owns 32,732,433 shares of the company’s stock valued at $1,204,554,000 after acquiring an additional 1,386,039 shares in the last quarter. BlackRock Inc. increased its position in shares of TAL Education Group by 15.8% during the first quarter. BlackRock Inc. now owns 14,721,891 shares of the company’s stock valued at $546,035,000 after acquiring an additional 2,007,429 shares in the last quarter. FMR LLC increased its position in shares of TAL Education Group by 123.7% during the second quarter. FMR LLC now owns 8,831,042 shares of the company’s stock valued at $324,982,000 after acquiring an additional 4,882,800 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of TAL Education Group by 44.2% during the first quarter. Asset Management One Co. Ltd. now owns 3,795,377 shares of the company’s stock valued at $140,770,000 after acquiring an additional 1,162,795 shares in the last quarter. 60.24% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on TAL shares. JPMorgan Chase & Co. raised their price target on shares of TAL Education Group from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Morgan Stanley cut shares of TAL Education Group from an “overweight” rating to an “equal weight” rating in a report on Friday, June 29th. ValuEngine cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Saturday, August 18th. Zacks Investment Research cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. Finally, Citigroup cut shares of TAL Education Group from a “buy” rating to a “neutral” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. TAL Education Group has a consensus rating of “Hold” and a consensus target price of $45.26.

TAL stock traded down $0.17 on Monday, hitting $25.30. The company had a trading volume of 36,814 shares, compared to its average volume of 5,876,763. TAL Education Group has a 12-month low of $24.86 and a 12-month high of $47.63. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $12.76 billion, a P/E ratio of 74.26 and a beta of 0.09.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, July 26th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. TAL Education Group had a net margin of 12.16% and a return on equity of 17.68%. The company had revenue of $550.60 million for the quarter, compared to analysts’ expectations of $511.45 million. During the same quarter last year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 71.0% on a year-over-year basis. equities analysts predict that TAL Education Group will post 0.52 earnings per share for the current year.

TAL Education Group Profile

TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.

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

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