Tower Research Capital LLC TRC bought a new stake in shares of TAL Education Group (NYSE:TAL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,258 shares of the company’s stock, valued at approximately $154,000.
Several other hedge funds and other institutional investors have also made changes to their positions in TAL. Baillie Gifford & Co. bought a new position in shares of TAL Education Group during the second quarter valued at approximately $460,216,000. BlackRock Inc. bought a new position in shares of TAL Education Group during the second quarter valued at approximately $264,842,000. Tiger Global Management LLC bought a new position in shares of TAL Education Group during the second quarter valued at approximately $200,883,000. Goldman Sachs Group Inc. bought a new position in shares of TAL Education Group during the second quarter valued at approximately $145,180,000. Finally, Greenwoods Asset Management Ltd bought a new position in shares of TAL Education Group during the second quarter valued at approximately $141,039,000. 8.59% of the stock is owned by institutional investors and hedge funds.
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Shares of TAL Education Group (TAL) traded up 0.89% during midday trading on Thursday, hitting $35.10. 728,271 shares of the company traded hands. The company has a 50-day moving average price of $32.32 and a 200-day moving average price of $24.27. TAL Education Group has a 52 week low of $11.02 and a 52 week high of $35.87. The stock has a market capitalization of $17.35 billion, a P/E ratio of 144.44 and a beta of 0.26.
TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, July 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The company had revenue of $321.90 million for the quarter, compared to analyst estimates of $306.46 million. TAL Education Group had a net margin of 11.14% and a return on equity of 19.47%. The firm’s revenue for the quarter was up 65.0% on a year-over-year basis. Analysts anticipate that TAL Education Group will post $0.34 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on the stock. UBS AG started coverage on shares of TAL Education Group in a research note on Tuesday, August 1st. They set a “buy” rating for the company. Jefferies Group LLC reissued a “buy” rating and set a $29.33 price target on shares of TAL Education Group in a research report on Monday, July 31st. Macquarie started coverage on shares of TAL Education Group in a research report on Thursday, June 29th. They set an “outperform” rating and a $27.50 price target for the company. J P Morgan Chase & Co raised their price target on shares of TAL Education Group to $31.67 and gave the company an “overweight” rating in a research report on Thursday, July 27th. Finally, Citigroup Inc. started coverage on shares of TAL Education Group in a research report on Tuesday, July 18th. They set a “neutral” rating and a $25.00 price target for the company. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.29.
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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