TAL Education Group (TAL) Stake Lowered by Greenwoods Asset Management Ltd

Greenwoods Asset Management Ltd cut its stake in TAL Education Group (NYSE:TAL) by 47.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,800 shares of the company’s stock after selling 131,923 shares during the quarter. TAL Education Group accounts for 0.4% of Greenwoods Asset Management Ltd’s holdings, making the stock its 16th biggest position. Greenwoods Asset Management Ltd’s holdings in TAL Education Group were worth $3,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. KBC Group NV increased its stake in shares of TAL Education Group by 7.2% in the 2nd quarter. KBC Group NV now owns 31,444 shares of the company’s stock valued at $1,157,000 after acquiring an additional 2,113 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of TAL Education Group by 107.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,581 shares of the company’s stock valued at $169,000 after acquiring an additional 2,368 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of TAL Education Group by 19.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 14,650 shares of the company’s stock valued at $377,000 after acquiring an additional 2,390 shares during the last quarter. Brookstone Capital Management increased its stake in shares of TAL Education Group by 42.7% in the 3rd quarter. Brookstone Capital Management now owns 8,374 shares of the company’s stock valued at $215,000 after acquiring an additional 2,506 shares during the last quarter. Finally, AMP Capital Investors Ltd increased its stake in shares of TAL Education Group by 7.6% in the 3rd quarter. AMP Capital Investors Ltd now owns 36,297 shares of the company’s stock valued at $932,000 after acquiring an additional 2,564 shares during the last quarter. 63.98% of the stock is owned by institutional investors.

Shares of TAL opened at $28.40 on Thursday. TAL Education Group has a 52-week low of $21.08 and a 52-week high of $47.63. The company has a market capitalization of $13.88 billion, a P/E ratio of 83.53 and a beta of -0.30.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, October 25th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. TAL Education Group had a return on equity of 16.10% and a net margin of 11.61%. The business had revenue of $699.78 million during the quarter. Research analysts anticipate that TAL Education Group will post 0.45 earnings per share for the current fiscal year.

TAL has been the subject of several research analyst reports. ValuEngine lowered TAL Education Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 18th. Citigroup lowered TAL Education Group from a “buy” rating to a “neutral” rating in a research report on Thursday, September 13th. Zacks Investment Research upgraded TAL Education Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, September 26th. TheStreet lowered TAL Education Group from a “b-” rating to a “c+” rating in a research report on Tuesday, October 9th. Finally, Macquarie upgraded TAL Education Group from a “neutral” rating to an “outperform” rating in a research report on Monday, October 15th. One equities research 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 presently has an average rating of “Hold” and a consensus price target of $41.00.

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About TAL Education Group

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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