TAL Education Group (TAL) Position Lowered by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lessened its position in shares of TAL Education Group (NYSE:TAL) by 41.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 644,264 shares of the company’s stock after selling 462,917 shares during the quarter. Canada Pension Plan Investment Board owned about 0.13% of TAL Education Group worth $16,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Trexquant Investment LP acquired a new position in TAL Education Group during the 3rd quarter valued at approximately $6,378,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of TAL Education Group by 10.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 118,139 shares of the company’s stock valued at $3,037,000 after acquiring an additional 10,752 shares during the last quarter. CIBC World Markets Inc. boosted its holdings in shares of TAL Education Group by 63.4% in the 3rd quarter. CIBC World Markets Inc. now owns 60,855 shares of the company’s stock valued at $1,565,000 after acquiring an additional 23,615 shares during the last quarter. Rovida Advisors Inc. boosted its holdings in shares of TAL Education Group by 45.4% in the 3rd quarter. Rovida Advisors Inc. now owns 959,477 shares of the company’s stock valued at $24,668,000 after acquiring an additional 299,800 shares during the last quarter. Finally, FIL Ltd boosted its holdings in shares of TAL Education Group by 463.3% in the 3rd quarter. FIL Ltd now owns 519,009 shares of the company’s stock valued at $13,344,000 after acquiring an additional 426,871 shares during the last quarter. Hedge funds and other institutional investors own 59.49% of the company’s stock.

Several analysts have recently commented on the stock. Nomura dropped their price objective on shares of TAL Education Group from $39.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, October 26th. ValuEngine raised shares of TAL Education Group from a “strong sell” rating to a “sell” rating in a report on Friday, October 26th. Macquarie raised shares of TAL Education Group from a “neutral” rating to an “outperform” rating in a report on Monday, October 15th. TheStreet downgraded shares of TAL Education Group from a “b-” rating to a “c+” rating in a report on Tuesday, October 9th. Finally, Zacks Investment Research downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $41.00.

TAL stock opened at $28.07 on Monday. The firm has a market capitalization of $13.72 billion, a PE ratio of 82.56 and a beta of -0.29. TAL Education Group has a 12 month low of $21.08 and a 12 month high of $47.63.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, October 25th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. TAL Education Group had a net margin of 11.61% and a return on equity of 16.10%. The firm had revenue of $699.78 million for the quarter. As a group, sell-side analysts predict that TAL Education Group will post 0.45 earnings per share for the current fiscal year.

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TAL Education Group Company Profile

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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