Artisan Partners Limited Partnership Purchases New Stake in TAL Education Group (TAL)

Artisan Partners Limited Partnership purchased a new position in shares of TAL Education Group (NYSE:TAL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 307,759 shares of the company’s stock, valued at approximately $10,375,000. Artisan Partners Limited Partnership owned approximately 0.06% of TAL Education Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TAL. Penserra Capital Management LLC bought a new position in shares of TAL Education Group during the second quarter worth $122,000. Nippon Life Insurance Co. raised its holdings in shares of TAL Education Group by 500.0% during the third quarter. Nippon Life Insurance Co. now owns 3,708 shares of the company’s stock worth $125,000 after acquiring an additional 3,090 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of TAL Education Group during the second quarter worth $153,000. Tower Research Capital LLC TRC acquired a new stake in shares of TAL Education Group during the second quarter worth $154,000. Finally, OLD National Bancorp IN acquired a new stake in shares of TAL Education Group during the third quarter worth $206,000. 51.34% of the stock is currently owned by institutional investors.

Shares of TAL Education Group (NYSE:TAL) traded up $0.45 during trading hours on Wednesday, hitting $27.78. 3,514,300 shares of the company were exchanged, compared to its average volume of 3,988,911. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. TAL Education Group has a fifty-two week low of $11.02 and a fifty-two week high of $36.16. The firm has a market capitalization of $13,360.60, a price-to-earnings ratio of 113.88, a price-to-earnings-growth ratio of 1.27 and a beta of 0.19.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The business had revenue of $455.80 million during the quarter, compared to analyst estimates of $441.18 million. The company’s quarterly revenue was up 68.1% on a year-over-year basis. equities analysts predict that TAL Education Group will post 0.37 earnings per share for the current year.

A number of equities research analysts recently commented on the stock. 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 Tuesday, August 29th. Jefferies Group raised their price objective on shares of TAL Education Group to $35.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Macquarie lowered shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. Finally, Bank of America restated a “buy” rating and set a $40.30 price objective (up from $29.10) on shares of TAL Education Group in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. TAL Education Group has an average rating of “Buy” and an average price target of $31.16.

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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.

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

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