Deltec Asset Management LLC Purchases Shares of 100,000 TAL Education Group (TAL)

Deltec Asset Management LLC purchased a new stake in shares of TAL Education Group (NYSE:TAL) during the third quarter, HoldingsChannel reports. The fund purchased 100,000 shares of the company’s stock, valued at approximately $2,571,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TAL. Yiheng Capital LLC raised its holdings in shares of TAL Education Group by 13.9% during the second quarter. Yiheng Capital LLC now owns 2,870,304 shares of the company’s stock valued at $105,627,000 after purchasing an additional 350,000 shares during the period. Voya Investment Management LLC raised its holdings in shares of TAL Education Group by 29.4% during the second quarter. Voya Investment Management LLC now owns 52,232 shares of the company’s stock valued at $1,922,000 after purchasing an additional 11,852 shares during the period. Natixis acquired a new position in shares of TAL Education Group during the second quarter valued at about $224,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of TAL Education Group by 51.9% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,300 shares of the company’s stock valued at $453,000 after purchasing an additional 4,200 shares during the period. Finally, Global X Management Co LLC raised its holdings in shares of TAL Education Group by 11.8% during the second quarter. Global X Management Co LLC now owns 510,404 shares of the company’s stock valued at $18,783,000 after purchasing an additional 53,857 shares during the period. 60.24% of the stock is currently owned by institutional investors and hedge funds.

TAL Education Group stock traded down $0.48 during trading on Thursday, reaching $23.18. The company had a trading volume of 143,991 shares, compared to its average volume of 5,378,420. TAL Education Group has a 1-year low of $21.08 and a 1-year high of $47.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $12.57 billion, a P/E ratio of 69.40 and a beta of 0.05.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, July 26th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. TAL Education Group had a net margin of 12.16% and a return on equity of 17.68%. The company had revenue of $550.60 million for the quarter, compared to analysts’ expectations of $511.45 million. During the same quarter in the previous year, the company posted $0.43 EPS. The firm’s quarterly revenue was up 71.0% on a year-over-year basis. Sell-side analysts predict that TAL Education Group will post 0.52 EPS for the current year.

TAL has been the topic of several research reports. Citigroup lowered shares of TAL Education Group from a “buy” rating to a “neutral” rating in a report on Thursday, September 13th. JPMorgan Chase & Co. raised their price target on shares of TAL Education Group from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. ValuEngine lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 18th. Morgan Stanley lowered shares of TAL Education Group from an “overweight” rating to an “equal weight” rating in a report on Friday, June 29th. Finally, Zacks Investment Research raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. TAL Education Group presently has a consensus rating of “Hold” and an average price target of $44.25.

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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