Jefferies Group LLC acquired a new position in shares of TAL Education Group (NYSE:TAL) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 37,054 shares of the company’s stock, valued at approximately $1,101,000.
A number of other hedge funds have also bought and sold shares of TAL. Raymond James Financial Services Advisors Inc. purchased a new stake in TAL Education Group during the 3rd quarter worth approximately $286,000. Swiss National Bank increased its holdings in TAL Education Group by 472.6% during the 3rd quarter. Swiss National Bank now owns 570,146 shares of the company’s stock worth $19,220,000 after purchasing an additional 470,567 shares during the last quarter. FDx Advisors Inc. purchased a new stake in TAL Education Group during the 3rd quarter worth approximately $518,000. CIBC Asset Management Inc purchased a new stake in TAL Education Group during the 3rd quarter worth approximately $215,000. Finally, New York State Common Retirement Fund purchased a new stake in TAL Education Group during the 3rd quarter worth approximately $20,098,000. Institutional investors own 55.98% of the company’s stock.
TAL has been the subject of a number of research analyst reports. ValuEngine downgraded TAL Education Group from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research downgraded TAL Education Group from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. Finally, Deutsche Bank initiated coverage on TAL Education Group in a report on Thursday, January 4th. They issued a “buy” rating and a $35.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. TAL Education Group presently has a consensus rating of “Buy” and an average price target of $31.55.
Shares of TAL Education Group (NYSE TAL) opened at $38.32 on Friday. TAL Education Group has a twelve month low of $15.92 and a twelve month high of $39.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 1.07. The firm has a market capitalization of $19,050.95, a P/E ratio of 135.25 and a beta of 0.28.
TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. TAL Education Group had a return on equity of 19.59% and a net margin of 10.55%. The business had revenue of $433.27 million during the quarter. sell-side analysts predict that TAL Education Group will post 0.33 earnings per share for the current fiscal year.
TAL Education Group 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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