Wealthsource Partners LLC increased its holdings in shares of TAL Education Group (NYSE:TAL) by 305.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,168 shares of the company’s stock after purchasing an additional 11,427 shares during the quarter. Wealthsource Partners LLC’s holdings in TAL Education Group were worth $511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new position in shares of TAL Education Group during the second quarter valued at $153,000. Tower Research Capital LLC TRC bought a new position in shares of TAL Education Group during the second quarter valued at $154,000. QS Investors LLC bought a new position in shares of TAL Education Group during the second quarter valued at $208,000. Brighton Jones LLC bought a new position in shares of TAL Education Group during the second quarter valued at $226,000. Finally, Alta Advisers Ltd bought a new position in shares of TAL Education Group during the second quarter valued at $257,000. 51.34% of the stock is currently owned by hedge funds and other institutional investors.

TAL Education Group (TAL) traded down $0.35 during mid-day trading on Thursday, reaching $28.99. The company’s stock had a trading volume of 4,133,800 shares, compared to its average volume of 4,006,773. TAL Education Group has a 52 week low of $11.02 and a 52 week high of $36.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $14,480.00, a P/E ratio of 122.25, a price-to-earnings-growth ratio of 1.36 and a beta of 0.17.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates 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 business’s revenue for the quarter was up 68.1% compared to the same quarter last year. sell-side analysts anticipate that TAL Education Group will post 0.37 EPS for the current year.

A number of research analysts have weighed in on the company. Bank of America reissued a “buy” rating and issued a $40.30 target price (up previously from $29.10) on shares of TAL Education Group in a report on Monday, September 25th. Zacks Investment Research raised TAL Education Group from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a report on Thursday, October 26th. Morgan Stanley assumed coverage on TAL Education Group in a report on Friday, August 25th. They issued an “overweight” rating and a $37.00 target price on the stock. Jefferies Group increased their target price on TAL Education Group to $35.00 and gave the company a “buy” rating in a report on Monday, August 28th. Finally, ValuEngine downgraded TAL Education Group from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. TAL Education Group presently has a consensus rating of “Buy” and a consensus price target of $31.16.

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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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Institutional Ownership by Quarter for TAL Education Group (NYSE:TAL)

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