World Asset Management Inc Acquires Shares of 2,691 TAL Education Group (NYSE:TAL)
World Asset Management Inc acquired a new position in TAL Education Group (NYSE:TAL) during the second quarter, Holdings Channel reports. The institutional investor acquired 2,691 shares of the company’s stock, valued at approximately $329,000.
Other hedge funds have also modified their holdings of the company. Greenleaf Trust acquired a new stake in shares of TAL Education Group during the second quarter worth about $229,000. Creative Planning acquired a new stake in shares of TAL Education Group during the second quarter worth about $257,000. Main Street Research LLC acquired a new stake in shares of TAL Education Group during the second quarter worth about $291,000. Nomura Asset Management Co. Ltd. acquired a new stake in shares of TAL Education Group during the first quarter worth about $330,000. Finally, Atria Investments LLC acquired a new stake in shares of TAL Education Group during the second quarter worth about $331,000. 57.64% of the stock is owned by hedge funds and other institutional investors.
TAL Education Group (TAL) opened at 173.58 on Tuesday. The company’s 50-day moving average price is $144.43 and its 200-day moving average price is $115.62. TAL Education Group has a one year low of $59.20 and a one year high of $174.41. The stock has a market capitalization of $14.30 billion, a PE ratio of 118.97 and a beta of 0.26. Shares of TAL Education Group are scheduled to split on the morning of Wednesday, August 16th. The 6-1 split was announced on Friday, January 1st. The newly minted shares will be payable to shareholders after the market closes on Tuesday, August 15th.
TAL Education Group (NYSE:TAL) last posted its earnings results on Thursday, July 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.16. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The business had revenue of $321.90 million during the quarter, compared to analyst estimates of $306.46 million. The company’s revenue for the quarter was up 65.0% on a year-over-year basis. Equities research analysts predict that TAL Education Group will post $1.99 EPS for the current year.
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TAL has been the subject of a number of recent analyst reports. UBS AG initiated coverage on TAL Education Group in a research report on Tuesday, August 1st. They set a “buy” rating for the company. Jefferies Group LLC restated a “buy” rating and set a $176.00 target price on shares of TAL Education Group in a report on Monday, July 31st. Benchmark Co. raised their target price on TAL Education Group to $137.00 and gave the company a “buy” rating in a report on Thursday, April 27th. Zacks Investment Research cut TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Goldman Sachs Group, Inc. (The) cut TAL Education Group from a “buy” rating to a “neutral” rating and set a $133.00 target price for the company. in a report on Tuesday, May 16th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $141.88.
TAL Education Group Company 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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