Mackenzie Financial Corp purchased a new position in shares of TAL Education Group (NYSE:TAL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,065 shares of the company’s stock, valued at approximately $272,000.
Other hedge funds have also modified their holdings of the company. Commerzbank Aktiengesellschaft FI purchased a new stake in TAL Education Group in the third quarter valued at approximately $411,000. Artisan Partners Limited Partnership purchased a new stake in TAL Education Group in the third quarter valued at approximately $10,375,000. Skandinaviska Enskilda Banken AB publ boosted its position in TAL Education Group by 1,954.2% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 49,300 shares of the company’s stock valued at $1,662,000 after buying an additional 46,900 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in TAL Education Group by 513.6% in the third quarter. Dimensional Fund Advisors LP now owns 755,625 shares of the company’s stock valued at $25,468,000 after buying an additional 632,488 shares during the last quarter. Finally, BB&T Securities LLC purchased a new stake in TAL Education Group in the third quarter valued at approximately $267,000. Institutional investors and hedge funds own 51.34% of the company’s stock.
TAL Education Group (NYSE:TAL) traded down $0.98 during trading on Wednesday, reaching $29.34. The company’s stock had a trading volume of 2,408,000 shares, compared to its average volume of 4,006,242. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. TAL Education Group has a 1-year low of $11.02 and a 1-year high of $36.16. The stock has a market cap of $14,822.30, a price-to-earnings ratio of 126.33, a PEG ratio of 1.41 and a beta of 0.19.
TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). TAL Education Group had a return on equity of 18.17% and a net margin of 9.90%. The company had revenue of $455.80 million during the quarter, compared to analysts’ expectations of $441.18 million. The business’s revenue was up 68.1% on a year-over-year basis. sell-side analysts forecast that TAL Education Group will post 0.37 earnings per share for the current fiscal year.
TAL has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on TAL Education Group in a research report on Friday, August 25th. They issued an “overweight” rating and a $37.00 target price on the stock. Jefferies Group upped their target price on TAL Education Group to $35.00 and gave the company a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research lowered TAL Education Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Bank of America reiterated a “buy” rating and issued a $40.30 target price (up previously from $29.10) on shares of TAL Education Group in a research report on Monday, September 25th. Finally, Macquarie lowered TAL Education Group from an “outperform” rating to a “neutral” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $31.16.
About TAL Education Group
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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