131,600 Shares in TAL Education Group (TAL) Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new position in shares of TAL Education Group (NYSE:TAL) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 131,600 shares of the company’s stock, valued at approximately $16,096,000. Renaissance Technologies LLC owned 0.16% of TAL Education Group at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TAL. Baillie Gifford & Co. purchased a new stake in shares of TAL Education Group during the second quarter worth about $460,216,000. BlackRock Inc. purchased a new stake in TAL Education Group in the second quarter worth about $264,842,000. Greenwoods Asset Management Ltd purchased a new stake in TAL Education Group in the second quarter worth about $141,039,000. Franklin Resources Inc. purchased a new stake in TAL Education Group in the second quarter worth about $129,043,000. Finally, Principal Financial Group Inc. purchased a new stake in TAL Education Group in the second quarter worth about $97,890,000. Institutional investors own 8.57% of the company’s stock.

TAL Education Group (TAL) opened at 35.20 on Monday. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of 144.86 and a beta of 0.26. The stock’s 50 day moving average is $32.71 and its 200 day moving average is $24.58. TAL Education Group has a 12-month low of $11.02 and a 12-month high of $35.87.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. TAL Education Group had a net margin of 11.14% and a return on equity of 19.47%. The firm had revenue of $321.90 million during the quarter, compared to analysts’ expectations of $306.46 million. The company’s revenue was up 65.0% compared to the same quarter last year. Equities analysts predict that TAL Education Group will post $0.34 earnings per share for the current fiscal year.

Several analysts have commented on the stock. Citigroup Inc. assumed coverage on shares of TAL Education Group in a report on Tuesday, July 18th. They issued a “neutral” rating and a $25.00 price objective for the company. Jefferies Group LLC restated a “buy” rating and issued a $29.33 price objective on shares of TAL Education Group in a report on Monday, July 31st. UBS AG assumed coverage on shares of TAL Education Group in a report on Tuesday, August 1st. They issued a “buy” rating for the company. Morgan Stanley assumed coverage on shares of TAL Education Group in a report on Friday, August 25th. They issued an “overweight” rating and a $37.00 price objective for the company. Finally, Bank of America Corporation restated a “buy” rating and issued a $40.30 price objective (up from $29.10) on shares of TAL Education Group in a report on Monday, September 25th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. TAL Education Group has an average rating of “Buy” and an average target price of $28.29.

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

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