Sei Investments Co. increased its holdings in TAL Education Group (NYSE:TAL) by 661.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 490,278 shares of the company’s stock after acquiring an additional 425,864 shares during the quarter. Sei Investments Co. owned approximately 0.10% of TAL Education Group worth $16,528,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc acquired a new position in shares of TAL Education Group in the second quarter worth about $11,312,000. Swiss National Bank acquired a new position in shares of TAL Education Group in the second quarter worth about $12,180,000. Macquarie Group Ltd. acquired a new position in shares of TAL Education Group in the second quarter worth about $503,000. Tudor Investment Corp ET AL acquired a new position in shares of TAL Education Group in the second quarter worth about $723,000. Finally, Wealthsource Partners LLC acquired a new position in shares of TAL Education Group in the second quarter worth about $458,000. Institutional investors and hedge funds own 18.64% of the company’s stock.
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TAL Education Group (NYSE:TAL) last posted its earnings results 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). The company had revenue of $455.80 million for 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. sell-side analysts predict that TAL Education Group will post 0.37 EPS for the current fiscal year.
TAL has been the topic of several research reports. Zacks Investment Research upgraded TAL Education Group from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a research note on Thursday, October 26th. Jefferies Group LLC restated a “buy” rating and set a $29.33 price objective on shares of TAL Education Group in a research note on Monday, July 31st. UBS AG initiated coverage on TAL Education Group in a research note on Tuesday, August 1st. They set a “buy” rating on the stock. Morgan Stanley initiated coverage on TAL Education Group in a research note on Friday, August 25th. They set an “overweight” rating and a $37.00 price objective on the stock. Finally, Bank of America Corporation restated a “buy” rating and set a $40.30 price objective (up previously from $29.10) on shares of TAL Education Group in a research note on Monday, September 25th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus 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.
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