Quantbot Technologies LP Cuts Holdings in TAL Education Group (TAL)

Quantbot Technologies LP reduced its position in shares of TAL Education Group (NYSE:TAL) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,987 shares of the company’s stock after selling 4,101 shares during the period. Quantbot Technologies LP’s holdings in TAL Education Group were worth $539,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Yiheng Capital LLC grew its position in shares of TAL Education Group by 13.9% in the second quarter. Yiheng Capital LLC now owns 2,870,304 shares of the company’s stock valued at $105,627,000 after purchasing an additional 350,000 shares in the last quarter. Voya Investment Management LLC grew its position in shares of TAL Education Group by 29.4% in the second quarter. Voya Investment Management LLC now owns 52,232 shares of the company’s stock valued at $1,922,000 after purchasing an additional 11,852 shares in the last quarter. Natixis purchased a new stake in shares of TAL Education Group in the second quarter valued at approximately $224,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of TAL Education Group by 51.9% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,300 shares of the company’s stock valued at $453,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Global X Management Co LLC grew its position in shares of TAL Education Group by 11.8% in the second quarter. Global X Management Co LLC now owns 510,404 shares of the company’s stock valued at $18,783,000 after purchasing an additional 53,857 shares in the last quarter. Institutional investors and hedge funds own 63.98% of the company’s stock.

A number of research firms have recently issued reports on TAL. ValuEngine lowered TAL Education Group from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. Zacks Investment Research lowered TAL Education Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. TheStreet lowered TAL Education Group from a “b-” rating to a “c+” rating in a research report on Tuesday, October 9th. Nomura dropped their price target on TAL Education Group from $39.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, October 26th. 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 assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.00.

Shares of TAL Education Group stock opened at $27.63 on Friday. The company has a market capitalization of $14.12 billion, a P/E ratio of 67.19 and a beta of -0.30. TAL Education Group has a fifty-two week low of $21.08 and a fifty-two week high of $47.63.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, October 25th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The company 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, analysts anticipate that TAL Education Group will post 0.45 EPS for the current fiscal year.

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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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