Teacher Retirement System of Texas lifted its position in shares of TAL Education Group (NYSE:TAL) by 863.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,229 shares of the company’s stock after purchasing an additional 31,571 shares during the period. Teacher Retirement System of Texas’ holdings in TAL Education Group were worth $1,188,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its holdings in TAL Education Group by 520.8% in the 3rd quarter. Advisor Group Inc. now owns 70,658 shares of the company’s stock valued at $2,381,000 after purchasing an additional 59,276 shares during the period. Sanctuary Wealth Advisors LLC bought a new stake in TAL Education Group in the 3rd quarter valued at about $3,941,000. Gilder Gagnon Howe & Co. LLC boosted its holdings in TAL Education Group by 1,096.6% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,530,746 shares of the company’s stock valued at $85,311,000 after purchasing an additional 2,319,259 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in TAL Education Group by 405.1% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 717,067 shares of the company’s stock valued at $24,172,000 after purchasing an additional 575,104 shares during the period. Finally, Dorsey Wright & Associates lifted its holdings in shares of TAL Education Group by 464.0% during the 3rd quarter. Dorsey Wright & Associates now owns 316,914 shares of the company’s stock worth $10,801,000 after acquiring an additional 260,722 shares during the period. Institutional investors own 51.34% of the company’s stock.
TAL Education Group (NYSE TAL) traded up $0.68 on Thursday, hitting $29.75. 5,034,590 shares of the stock traded hands, compared to its average volume of 3,998,521. TAL Education Group has a 52 week low of $11.02 and a 52 week high of $36.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $14,520.00, a PE ratio of 115.75, a PEG ratio of 1.29 and a beta of 0.17.
TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The company had revenue of $455.80 million during the quarter, compared to analyst estimates of $441.18 million. TAL Education Group had a return on equity of 18.17% and a net margin of 9.90%. The business’s revenue for the quarter was up 68.1% compared to the same quarter last year. equities research analysts anticipate that TAL Education Group will post 0.37 EPS for the current fiscal year.
A number of analysts have recently weighed in on the stock. ValuEngine downgraded shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Macquarie downgraded shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. Morgan Stanley initiated coverage on shares of TAL Education Group in a research note on Friday, August 25th. They issued an “overweight” rating and a $37.00 price objective for the company. Jefferies Group increased their price objective on shares of TAL Education Group to $35.00 and gave the company a “buy” rating in a research note on Monday, August 28th. Finally, Bank of America reissued a “buy” rating and issued a $40.30 price objective (up previously from $29.10) on shares of TAL Education Group in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. TAL Education Group has an average rating of “Buy” and an average price target of $31.16.
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TAL Education Group Company 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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