Caisse DE Depot ET Placement DU Quebec increased its stake in shares of TAL Education Group (NYSE:TAL) by 497.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 455,044 shares of the company’s stock after purchasing an additional 378,870 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.09% of TAL Education Group worth $15,404,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. US Bancorp DE acquired a new position in TAL Education Group in the second quarter valued at about $584,000. Great West Life Assurance Co. Can acquired a new position in TAL Education Group in the second quarter valued at about $2,565,000. State of New Jersey Common Pension Fund D acquired a new position in TAL Education Group in the second quarter valued at about $7,239,000. World Asset Management Inc acquired a new position in TAL Education Group in the second quarter valued at about $329,000. Finally, Sei Investments Co. acquired a new position in TAL Education Group in the second quarter valued at about $7,879,000. 51.34% of the stock is owned by institutional investors and hedge funds.
TAL Education Group (TAL) traded up $1.29 during mid-day trading on Thursday, hitting $29.07. The stock had a trading volume of 5,211,500 shares, compared to its average volume of 3,994,113. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $14,520.00, a PE ratio of 115.75, a P/E/G ratio of 1.29 and a beta of 0.17. TAL Education Group has a 52 week low of $11.02 and a 52 week high of $36.16.
TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm had revenue of $455.80 million for 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 firm’s quarterly revenue was up 68.1% compared to the same quarter last year. sell-side analysts anticipate that TAL Education Group will post 0.37 earnings per share for the current fiscal year.
TAL has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on TAL Education Group in a research note on Friday, August 25th. They issued an “overweight” rating and a $37.00 target price for the company. Bank of America reissued a “buy” rating and issued a $40.30 target price (up from $29.10) on shares of TAL Education Group in a research note on Monday, September 25th. Macquarie cut TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th. Zacks Investment Research raised TAL Education Group from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a research note on Thursday, October 26th. Finally, Jefferies Group upped their price objective on TAL Education Group to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. TAL Education Group presently has a consensus rating of “Buy” and an average target price of $31.16.
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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