Schroder Investment Management Group decreased its holdings in shares of Tarena International Inc (NASDAQ:TEDU) by 7.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,716,054 shares of the business services provider’s stock after selling 146,939 shares during the period. Schroder Investment Management Group owned about 3.05% of Tarena International worth $12,922,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TEDU. Aperio Group LLC bought a new position in shares of Tarena International during the second quarter worth about $121,000. Trexquant Investment LP bought a new position in shares of Tarena International during the first quarter worth about $151,000. BB&T Securities LLC grew its position in shares of Tarena International by 105.1% during the first quarter. BB&T Securities LLC now owns 33,390 shares of the business services provider’s stock worth $374,000 after acquiring an additional 17,114 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Tarena International during the first quarter worth about $608,000. Finally, Summit Global Investments bought a new position in shares of Tarena International during the second quarter worth about $681,000. Hedge funds and other institutional investors own 30.76% of the company’s stock.

TEDU has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Tarena International from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. ValuEngine upgraded shares of Tarena International from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Credit Suisse Group downgraded shares of Tarena International from an “outperform” rating to a “neutral” rating in a report on Thursday, June 7th. Finally, CLSA downgraded shares of Tarena International from a “buy” rating to an “underperform” rating in a report on Tuesday, June 5th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $12.93.

TEDU stock opened at $8.37 on Wednesday. The stock has a market capitalization of $483.45 million, a P/E ratio of 18.20 and a beta of 0.97. Tarena International Inc has a fifty-two week low of $7.11 and a fifty-two week high of $15.97.

Tarena International (NASDAQ:TEDU) last posted its quarterly earnings data on Monday, August 20th. The business services provider reported ($0.46) earnings per share for the quarter. The company had revenue of $81.25 million during the quarter. Tarena International had a negative return on equity of 12.50% and a negative net margin of 8.83%. analysts forecast that Tarena International Inc will post -0.72 EPS for the current fiscal year.

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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