Tarena International (NASDAQ:TEDU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “Tarena International, Inc. is a provider of professional education services in China. The Company specializes in Information Technology professional education services including classroom training. It offers education courses in nine IT subjects, such as Java, C++, software testing, PHP, embedded, Android, .NET, iOS, and Linux and network engineering; and two non-IT subjects comprising digital art, and online sales and marketing through live distance instruction, classroom-based tutoring, and online learning modules. Tarena International, Inc. is headquartered in Beijing, the People’s Republic of China. “
TEDU has been the subject of a number of other research reports. Nomura dropped their target price on Tarena International from $17.50 to $13.50 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Jefferies Group cut Tarena International from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, BidaskClub cut Tarena International from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.97.
Institutional investors have recently made changes to their positions in the company. Smith Asset Management Group LP boosted its holdings in Tarena International by 1.9% during the 3rd quarter. Smith Asset Management Group LP now owns 11,540 shares of the business services provider’s stock valued at $167,000 after acquiring an additional 220 shares during the period. Westpac Banking Corp purchased a new position in Tarena International during the 1st quarter valued at $235,000. ClariVest Asset Management LLC boosted its holdings in Tarena International by 5.4% during the 1st quarter. ClariVest Asset Management LLC now owns 19,652 shares of the business services provider’s stock valued at $367,000 after acquiring an additional 1,005 shares during the period. BlackRock Group LTD boosted its holdings in Tarena International by 15.3% during the 1st quarter. BlackRock Group LTD now owns 11,065 shares of the business services provider’s stock valued at $120,000 after acquiring an additional 1,467 shares during the period. Finally, Dupont Capital Management Corp boosted its holdings in Tarena International by 23.7% during the 2nd quarter. Dupont Capital Management Corp now owns 9,897 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 1,897 shares during the period. Hedge funds and other institutional investors own 37.06% of the company’s stock.
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Tarena International Company Profile
Tarena International, Inc (Tarena International) is a holding company. The Company, through its subsidiaries, provides professional education services, including professional information technology (IT) training courses and non-IT training courses across the People’s Republic of China (PRC). It operates through training segment.
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