Aperio Group LLC acquired a new stake in shares of Tarena International Inc (NASDAQ:TEDU) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,034 shares of the business services provider’s stock, valued at approximately $121,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TEDU. Millennium Management LLC acquired a new position in shares of Tarena International during the first quarter valued at about $4,373,000. Schroder Investment Management Group raised its position in shares of Tarena International by 8.1% during the first quarter. Schroder Investment Management Group now owns 1,862,993 shares of the business services provider’s stock valued at $20,903,000 after buying an additional 139,298 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Tarena International during the first quarter valued at about $1,199,000. BlackRock Inc. raised its position in shares of Tarena International by 10.0% during the first quarter. BlackRock Inc. now owns 617,624 shares of the business services provider’s stock valued at $6,930,000 after buying an additional 56,018 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Tarena International during the first quarter valued at about $608,000. 30.76% of the stock is owned by institutional investors and hedge funds.

NASDAQ:TEDU opened at $8.41 on Friday. Tarena International Inc has a 12-month low of $7.11 and a 12-month high of $15.97. The stock has a market capitalization of $477.27 million, a P/E ratio of 18.28 and a beta of 0.96.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Tarena International from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. ValuEngine raised shares of Tarena International from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. CLSA lowered shares of Tarena International from a “buy” rating to an “underperform” rating in a research report on Tuesday, June 5th. Finally, Credit Suisse Group lowered shares of Tarena International from an “outperform” rating to a “neutral” rating in a research report on Thursday, June 7th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Tarena International has an average rating of “Hold” and an average target price of $12.93.

Tarena International Profile

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes in the People's Republic of China. It offers education courses in 13 information technology (IT) subjects, such as Java, .NET, C++, software testing, embedded, PHP, Android, iOS, Linux and network engineering, Big Data, Web front-end development, VR/AR, and Python; and 3 non-IT subjects, including digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.

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Institutional Ownership by Quarter for Tarena International (NASDAQ:TEDU)

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