Sanctuary Wealth Advisors LLC purchased a new stake in shares of TAL Education Group (NYSE:TAL) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 116,919 shares of the company’s stock, valued at approximately $3,941,000. TAL Education Group comprises 3.1% of Sanctuary Wealth Advisors LLC’s portfolio, making the stock its 13th largest position.
A number of other hedge funds and other institutional investors have also modified their holdings of TAL. Penserra Capital Management LLC bought a new position in TAL Education Group during the second quarter valued at approximately $122,000. Nippon Life Insurance Co. grew its position in TAL Education Group by 500.0% during the third quarter. Nippon Life Insurance Co. now owns 3,708 shares of the company’s stock valued at $125,000 after acquiring an additional 3,090 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in TAL Education Group during the second quarter valued at approximately $153,000. Tower Research Capital LLC TRC bought a new position in shares of TAL Education Group in the second quarter worth approximately $154,000. Finally, OLD National Bancorp IN bought a new position in shares of TAL Education Group in the third quarter worth approximately $206,000. Institutional investors and hedge funds own 18.64% of the company’s stock.
Shares of TAL Education Group (TAL) traded down $1.20 during mid-day trading on Monday, reaching $29.40. The company had a trading volume of 3,164,400 shares, compared to its average volume of 3,950,380. TAL Education Group has a 12 month low of $11.02 and a 12 month high of $36.16. The stock has a market capitalization of $14,760.00, a price-to-earnings ratio of 122.50, a price-to-earnings-growth ratio of 1.37 and a beta of 0.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.14 and a quick ratio of 1.14.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The business had revenue of $455.80 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 68.1% compared to the same quarter last year. research analysts predict that TAL Education Group will post 0.37 EPS for the current year.
Several research analysts have recently issued reports on TAL shares. Zacks Investment Research cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Bank of America Corporation restated a “buy” rating and issued a $40.30 target price (up previously from $29.10) on shares of TAL Education Group in a report on Monday, September 25th. Jefferies Group LLC raised their target price on shares of TAL Education Group to $35.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Morgan Stanley started coverage on shares of TAL Education Group in a report on Friday, August 25th. They issued an “overweight” rating and a $37.00 target price on the stock. Finally, J P Morgan Chase & Co raised their target price on shares of TAL Education Group to $31.67 and gave the stock an “overweight” rating in a report on Thursday, July 27th. 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. TAL Education Group currently 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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