First Trust Advisors LP Boosts Position in TAL Education Group (TAL)

First Trust Advisors LP increased its position in shares of TAL Education Group (NYSE:TAL) by 1,066.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 223,759 shares of the company’s stock after buying an additional 204,583 shares during the quarter. First Trust Advisors LP’s holdings in TAL Education Group were worth $7,543,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TAL. Baillie Gifford & Co. bought a new stake in TAL Education Group during the 2nd quarter worth approximately $460,216,000. TB Alternative Assets Ltd. increased its holdings in TAL Education Group by 444.4% during the 3rd quarter. TB Alternative Assets Ltd. now owns 2,836,432 shares of the company’s stock worth $95,616,000 after purchasing an additional 2,315,385 shares in the last quarter. BlackRock Inc. bought a new stake in TAL Education Group during the 2nd quarter worth approximately $264,842,000. Tiger Global Management LLC bought a new stake in TAL Education Group during the 2nd quarter worth approximately $200,883,000. Finally, Goldman Sachs Group Inc. bought a new stake in TAL Education Group during the 2nd quarter worth approximately $145,180,000. 18.64% of the stock is owned by hedge funds and other institutional investors.

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TAL Education Group (NYSE TAL) opened at $29.56 on Tuesday. The stock has a market capitalization of $14,372.54, a P/E ratio of 122.50, a PEG ratio of 1.37 and a beta of 0.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.32. TAL Education Group has a twelve month low of $11.02 and a twelve month high of $36.16.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $455.80 million during the quarter, compared to the consensus estimate of $441.18 million. TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The firm’s revenue was up 68.1% compared to the same quarter last year. analysts anticipate that TAL Education Group will post 0.37 EPS for the current year.

A number of analysts have commented on the company. Jefferies Group LLC reissued a “buy” rating and set a $29.33 price objective on shares of TAL Education Group in a report on Monday, July 31st. UBS AG assumed coverage on TAL Education Group in a report on Tuesday, August 1st. They set a “buy” rating for the company. Macquarie lowered TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. J P Morgan Chase & Co boosted their price objective on TAL Education Group to $31.67 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Finally, Citigroup Inc. assumed coverage on TAL Education Group in a report on Tuesday, July 18th. They set a “neutral” rating and a $25.00 price objective for the company. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $31.16.

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.

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

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