Thornburg Investment Management Inc. raised its position in shares of TAL Education Group (NYSE:TAL) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,183,360 shares of the company’s stock after acquiring an additional 83,898 shares during the quarter. TAL Education Group makes up about 1.3% of Thornburg Investment Management Inc.’s holdings, making the stock its 25th largest holding. Thornburg Investment Management Inc. owned 1.26% of TAL Education Group worth $158,974,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. WINTON GROUP Ltd acquired a new position in shares of TAL Education Group during the third quarter valued at approximately $633,000. Comerica Bank raised its holdings in shares of TAL Education Group by 30.7% during the third quarter. Comerica Bank now owns 20,397 shares of the company’s stock valued at $471,000 after acquiring an additional 4,787 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of TAL Education Group during the third quarter valued at approximately $227,000. Oppenheimer Asset Management Inc. raised its holdings in shares of TAL Education Group by 62.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 92,480 shares of the company’s stock valued at $2,378,000 after acquiring an additional 35,528 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of TAL Education Group by 8.0% during the third quarter. Russell Investments Group Ltd. now owns 663,961 shares of the company’s stock valued at $17,057,000 after acquiring an additional 49,220 shares during the last quarter. 60.68% of the stock is owned by institutional investors and hedge funds.
TAL stock opened at $28.96 on Tuesday. The company has a market capitalization of $14.29 billion, a PE ratio of 85.18 and a beta of -0.29. TAL Education Group has a 1 year low of $21.08 and a 1 year high of $47.63.
TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 25th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $699.78 million during the quarter. TAL Education Group had a return on equity of 16.10% and a net margin of 11.61%. As a group, sell-side analysts predict that TAL Education Group will post 0.45 EPS for the current fiscal year.
TAL has been the subject of a number of analyst reports. Zacks Investment Research upgraded TAL Education Group from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, September 26th. Macquarie upgraded TAL Education Group from a “neutral” rating to an “outperform” rating in a research report on Monday, October 15th. TheStreet lowered TAL Education Group from a “b-” rating to a “c+” rating in a research report on Tuesday, October 9th. ValuEngine lowered TAL Education Group from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. Finally, Citigroup lowered TAL Education Group from a “buy” rating to a “neutral” rating in a research report on Thursday, September 13th. One analyst has rated the stock with a sell rating, four have given 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 price target of $41.00.
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TAL Education Group Company 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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