Yiheng Capital LLC Invests $47.67 Million in TAL Education Group (TAL)
Yiheng Capital LLC bought a new stake in TAL Education Group (NYSE:TAL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 389,765 shares of the company’s stock, valued at approximately $47,672,000. TAL Education Group accounts for approximately 16.7% of Yiheng Capital LLC’s holdings, making the stock its biggest position. Yiheng Capital LLC owned about 0.47% of TAL Education Group at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc bought a new stake in shares of TAL Education Group in the second quarter valued at approximately $11,312,000. Swiss National Bank purchased a new stake in shares of TAL Education Group during the 2nd quarter valued at approximately $12,180,000. Xact Kapitalforvaltning AB bought a new position in TAL Education Group in the 2nd quarter worth approximately $734,000. Baldwin Investment Management LLC bought a new position in TAL Education Group in the 2nd quarter worth approximately $624,000. Finally, Brighton Jones LLC bought a new position in TAL Education Group in the 2nd quarter worth approximately $226,000. 8.59% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on TAL. Zacks Investment Research lowered shares of TAL Education Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Jefferies Group LLC boosted their target price on shares of TAL Education Group to $35.00 and gave the company a “buy” rating in a report on Monday, August 28th. Bank of America Corporation restated a “buy” rating and set a $40.30 target price (up previously from $29.10) on shares of TAL Education Group in a research report on Monday, September 25th. Morgan Stanley assumed coverage on TAL Education Group in a research report on Friday, August 25th. They set an “overweight” rating and a $37.00 target price on the stock. Finally, J P Morgan Chase & Co raised their price target on TAL Education Group to $31.67 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $27.21.
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TAL Education Group (TAL) traded up 0.58% on Wednesday, hitting $34.39. 985,162 shares of the stock traded hands. The company’s 50 day moving average price is $31.49 and its 200-day moving average price is $23.57. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of 141.52 and a beta of 0.26. TAL Education Group has a 52-week low of $11.02 and a 52-week high of $34.87.
TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The firm had revenue of $321.90 million for 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%. The firm’s revenue was up 65.0% on a year-over-year basis. On average, analysts forecast that TAL Education Group will post $0.34 earnings per share for the current fiscal year.
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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