Handelsinvest Investeringsforvaltning reduced its holdings in shares of TAL Education Group (NYSE:TAL) by 29.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,600 shares of the company’s stock after selling 10,000 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in TAL Education Group were worth $868,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TAL. Verition Fund Management LLC purchased a new stake in shares of TAL Education Group in the first quarter worth $217,000. Dupont Capital Management Corp purchased a new stake in shares of TAL Education Group in the first quarter worth $225,000. Cigna Investments Inc. New purchased a new stake in shares of TAL Education Group in the first quarter worth $228,000. EFG Asset Management Americas Corp. purchased a new stake in shares of TAL Education Group in the second quarter worth $230,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of TAL Education Group in the first quarter worth $244,000. 58.60% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:TAL opened at $32.64 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.28 and a quick ratio of 1.28. TAL Education Group has a fifty-two week low of $25.60 and a fifty-two week high of $47.63. The firm has a market cap of $16.91 billion, a P/E ratio of 92.81 and a beta of 0.18.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, July 26th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. TAL Education Group had a net margin of 12.16% and a return on equity of 17.68%. The firm had revenue of $550.60 million during the quarter, compared to analyst estimates of $511.45 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. TAL Education Group’s revenue for the quarter was up 71.0% on a year-over-year basis. research analysts anticipate that TAL Education Group will post 0.52 earnings per share for the current year.

TAL has been the subject of a number of analyst reports. Zacks Investment Research cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. JPMorgan Chase & Co. increased their price objective on shares of TAL Education Group from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 29th. ValuEngine raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Benchmark increased their price objective on shares of TAL Education Group from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, April 27th. Finally, Morgan Stanley cut shares of TAL Education Group from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $42.61.

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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