DNB Asset Management AS Decreases Holdings in TAL Education Group (NYSE:TAL)

DNB Asset Management AS trimmed its stake in shares of TAL Education Group (NYSE:TAL) by 17.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 356,410 shares of the company’s stock after selling 73,120 shares during the period. DNB Asset Management AS owned 0.06% of TAL Education Group worth $13,579,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Commonwealth Bank of Australia increased its position in shares of TAL Education Group by 66.7% during the fourth quarter. Commonwealth Bank of Australia now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 400 shares during the last quarter. Nkcfo LLC purchased a new stake in shares of TAL Education Group during the 1st quarter worth approximately $29,000. Trustcore Financial Services LLC purchased a new stake in TAL Education Group in the 1st quarter valued at $42,000. Quadrant Capital Group LLC raised its position in TAL Education Group by 39.9% in the 1st quarter. Quadrant Capital Group LLC now owns 4,630 shares of the company’s stock valued at $166,000 after purchasing an additional 1,321 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in TAL Education Group in the 1st quarter valued at $206,000. 60.06% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Macquarie cut shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, April 12th. Morgan Stanley increased their price objective on shares of Intuit from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, March 25th. Zacks Investment Research lowered shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Tigress Financial restated a “buy” rating on shares of TAL Education Group in a report on Tuesday, July 2nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $40.32.

NYSE:TAL opened at $36.49 on Thursday. The stock has a market cap of $20.86 billion, a price-to-earnings ratio of 59.82 and a beta of 0.30. The company has a 50-day moving average price of $36.41. TAL Education Group has a 12-month low of $21.08 and a 12-month high of $41.60.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, April 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.06. The company had revenue of $726.60 million for the quarter, compared to analyst estimates of $685.64 million. TAL Education Group had a net margin of 14.33% and a return on equity of 18.28%. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. On average, equities analysts anticipate that TAL Education Group will post 0.69 EPS for the current year.

TAL Education Group Company Profile

TAL Education Group 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. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.

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Institutional Ownership by Quarter for TAL Education Group (NYSE:TAL)

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