TAL Education Group (TAL) Shares Bought by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. grew its holdings in shares of TAL Education Group (NYSE:TAL) by 587.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 737,800 shares of the company’s stock after acquiring an additional 630,500 shares during the quarter. Candriam Luxembourg S.C.A. owned about 0.15% of TAL Education Group worth $24,871,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Penserra Capital Management LLC bought a new stake in shares of TAL Education Group during the 2nd quarter valued at about $122,000. Nippon Life Insurance Co. boosted its position in shares of TAL Education Group by 500.0% during the 3rd quarter. Nippon Life Insurance Co. now owns 3,708 shares of the company’s stock valued at $125,000 after acquiring an additional 3,090 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of TAL Education Group during the 2nd quarter valued at about $153,000. Tower Research Capital LLC TRC bought a new stake in shares of TAL Education Group during the 2nd quarter valued at about $154,000. Finally, OLD National Bancorp IN bought a new stake in shares of TAL Education Group during the 3rd quarter valued at about $206,000. Hedge funds and other institutional investors own 14.94% of the company’s stock.
TAL Education Group (NYSE:TAL) traded down $1.26 during trading hours on Friday, reaching $29.34. The company had a trading volume of 1,384,707 shares, compared to its average volume of 3,937,150. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.32. The company has a market cap of $14,841.85, a P/E ratio of 126.50, a price-to-earnings-growth ratio of 1.41 and a beta of 0.22. TAL Education Group has a one year low of $11.02 and a one year high of $36.16.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.02). The company had revenue of $455.80 million during the quarter, compared to analysts’ expectations of $441.18 million. TAL Education Group had a return on equity of 18.17% and a net margin of 9.90%. The firm’s quarterly revenue was up 68.1% on a year-over-year basis. research analysts anticipate that TAL Education Group will post 0.37 EPS for the current fiscal year.
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A number of brokerages have recently issued reports on TAL. Citigroup Inc. started coverage on TAL Education Group in a research report on Tuesday, July 18th. They set a “neutral” rating and a $25.00 price target for the company. J P Morgan Chase & Co boosted their target price on TAL Education Group to $31.67 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. UBS AG started coverage on TAL Education Group in a research report on Tuesday, August 1st. They issued a “buy” rating for the company. Macquarie downgraded TAL Education Group from an “outperform” rating to a “neutral” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research downgraded TAL Education Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.16.
TAL Education Group Profile
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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