Yong Rong HK Asset Management Ltd grew its position in shares of TAL Education Group (NYSE:TAL) by 17.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435,000 shares of the company’s stock after purchasing an additional 65,000 shares during the period. TAL Education Group makes up 4.2% of Yong Rong HK Asset Management Ltd’s portfolio, making the stock its 8th biggest holding. Yong Rong HK Asset Management Ltd’s holdings in TAL Education Group were worth $11,184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American International Group Inc. purchased a new position in TAL Education Group in the third quarter worth $143,000. Tower Research Capital LLC TRC grew its position in TAL Education Group by 107.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,581 shares of the company’s stock worth $169,000 after acquiring an additional 2,368 shares in the last quarter. Exane Derivatives grew its position in TAL Education Group by 222.6% in the third quarter. Exane Derivatives now owns 7,807 shares of the company’s stock worth $203,000 after acquiring an additional 5,387 shares in the last quarter. Brookstone Capital Management grew its position in TAL Education Group by 42.7% in the third quarter. Brookstone Capital Management now owns 8,374 shares of the company’s stock worth $215,000 after acquiring an additional 2,506 shares in the last quarter. Finally, Natixis purchased a new position in TAL Education Group in the second quarter worth $224,000. Hedge funds and other institutional investors own 63.98% of the company’s stock.

Several research analysts recently issued reports on TAL shares. Citigroup lowered shares of TAL Education Group from a “buy” rating to a “neutral” rating in a research report on Thursday, September 13th. ValuEngine lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 18th. Macquarie upgraded shares of TAL Education Group from a “neutral” rating to an “outperform” rating in a research report on Monday, October 15th. Nomura cut their price target on shares of TAL Education Group from $39.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, October 26th. Finally, Zacks Investment Research upgraded shares of TAL Education Group from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. TAL Education Group presently has an average rating of “Hold” and an average target price of $41.00.

NYSE TAL traded down $0.31 during trading on Thursday, hitting $28.09. 27,941 shares of the company’s stock traded hands, compared to its average volume of 3,866,877. TAL Education Group has a 12-month low of $21.08 and a 12-month high of $47.63. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 82.35 and a beta of -0.30.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 25th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $699.78 million during the quarter. TAL Education Group had a net margin of 11.61% and a return on equity of 16.10%. Equities analysts expect that TAL Education Group will post 0.45 earnings per share for the current year.

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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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