Sei Investments Co. Invests $7.88 Million in TAL Education Group (TAL)
Sei Investments Co. purchased a new position in shares of TAL Education Group (NYSE:TAL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 64,414 shares of the company’s stock, valued at approximately $7,879,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TAL. Xact Kapitalforvaltning AB bought a new position in shares of TAL Education Group during the second quarter worth about $734,000. Greenleaf Trust bought a new position in shares of TAL Education Group during the second quarter worth about $229,000. Handelsbanken Fonder AB bought a new position in shares of TAL Education Group during the second quarter worth about $7,339,000. Aperio Group LLC bought a new position in shares of TAL Education Group during the second quarter worth about $7,426,000. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new position in shares of TAL Education Group during the second quarter worth about $4,855,000. 57.83% of the stock is owned by institutional investors.
Shares of TAL Education Group (TAL) opened at 165.83 on Friday. The stock has a market capitalization of $13.66 billion, a PE ratio of 113.66 and a beta of 0.26. TAL Education Group has a 52-week low of $59.20 and a 52-week high of $173.83. The stock has a 50 day moving average price of $142.89 and a 200-day moving average price of $114.44. TAL Education Group shares are going to split before the market opens on Wednesday, August 16th. The 6-1 split was announced on Friday, January 1st. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, August 15th.
TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.16 by $0.16. The business had revenue of $321.90 million during the quarter, compared to analysts’ expectations of $306.46 million. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. TAL Education Group’s quarterly revenue was up 65.0% compared to the same quarter last year. On average, equities research analysts anticipate that TAL Education Group will post $1.99 EPS for the current fiscal year.
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A number of research analysts have issued reports on TAL shares. Jefferies Group LLC reissued a “buy” rating and issued a $176.00 price target on shares of TAL Education Group in a report on Monday, July 31st. Benchmark Co. started coverage on TAL Education Group in a report on Tuesday, April 18th. They issued a “buy” rating and a $135.00 price target for the company. Zacks Investment Research downgraded TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. UBS AG initiated coverage on TAL Education Group in a research report on Tuesday, August 1st. They issued a “buy” rating for the company. Finally, J P Morgan Chase & Co boosted their price objective on TAL Education Group to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $141.88.
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.
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