Two Sigma Advisers LP lowered its position in shares of TAL Education Group (NYSE:TAL) by 15.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,540,715 shares of the company’s stock after selling 469,300 shares during the period. Two Sigma Advisers LP owned about 0.52% of TAL Education Group worth $75,485,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in shares of TAL Education Group by 531.0% during the third quarter. Envestnet Asset Management Inc. now owns 4,909 shares of the company’s stock worth $166,000 after purchasing an additional 4,131 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of TAL Education Group during the third quarter worth about $215,000. Apriem Advisors acquired a new stake in shares of TAL Education Group during the third quarter worth about $216,000. Private Advisor Group LLC acquired a new stake in shares of TAL Education Group during the fourth quarter worth about $247,000. Finally, BB&T Securities LLC acquired a new stake in shares of TAL Education Group during the third quarter worth about $267,000. Institutional investors and hedge funds own 55.98% of the company’s stock.
A number of analysts have recently commented on TAL shares. Deutsche Bank assumed coverage on TAL Education Group in a research report on Thursday, January 4th. They set a “buy” rating and a $35.00 target price on the stock. Zacks Investment Research cut TAL Education Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. Finally, ValuEngine cut TAL Education Group from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.55.
TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. The firm had revenue of $433.27 million for the quarter. TAL Education Group had a return on equity of 19.59% and a net margin of 10.55%. equities analysts expect that TAL Education Group will post 0.33 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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