Dorsey Wright & Associates Has $7.67 Million Stake in TAL Education Group (TAL)

Dorsey Wright & Associates lowered its stake in TAL Education Group (NYSE:TAL) by 50.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 298,353 shares of the company’s stock after selling 300,461 shares during the period. TAL Education Group makes up approximately 1.4% of Dorsey Wright & Associates’ holdings, making the stock its 16th largest holding. Dorsey Wright & Associates owned about 0.06% of TAL Education Group worth $7,671,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in shares of 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 purchasing an additional 2,368 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of TAL Education Group in the first quarter worth about $217,000. Natixis bought a new stake in shares of TAL Education Group in the second quarter worth about $224,000. EFG Asset Management Americas Corp. bought a new stake in shares of TAL Education Group in the second quarter worth about $230,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of TAL Education Group by 73.1% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,000 shares of the company’s stock worth $331,000 after purchasing an additional 3,800 shares during the last quarter. Hedge funds and other institutional investors own 60.24% of the company’s stock.

TAL Education Group stock traded up $1.36 during trading hours on Friday, hitting $22.84. 6,253,900 shares of the stock traded hands, compared to its average volume of 5,398,126. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 67.41 and a beta of 0.05. TAL Education Group has a one year low of $21.08 and a one year high of $47.63.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, July 26th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The business had revenue of $550.60 million for the quarter, compared to analysts’ expectations of $511.45 million. TAL Education Group had a return on equity of 17.68% and a net margin of 12.16%. The business’s revenue was up 71.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. On average, analysts predict that TAL Education Group will post 0.52 earnings per share for the current year.

TAL has been the topic of several recent analyst reports. Citigroup cut TAL Education Group from a “buy” rating to a “neutral” rating in a research note on Thursday, September 13th. JPMorgan Chase & Co. lifted their price objective on TAL Education Group from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. ValuEngine cut TAL Education Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 18th. Morgan Stanley cut TAL Education Group from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 29th. Finally, Zacks Investment Research raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. TAL Education Group presently has a consensus rating of “Hold” and a consensus price target of $44.25.

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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