Janus Henderson Group PLC Grows Holdings in TAL Education Group (TAL)

Janus Henderson Group PLC raised its position in shares of TAL Education Group (NYSE:TAL) by 566.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 816,692 shares of the company’s stock after buying an additional 694,210 shares during the quarter. Janus Henderson Group PLC owned about 0.17% of TAL Education Group worth $27,531,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new position in shares of TAL Education Group during the second quarter valued at $153,000. Tower Research Capital LLC TRC bought a new position in shares of TAL Education Group during the second quarter valued at $154,000. QS Investors LLC bought a new position in shares of TAL Education Group during the second quarter valued at $208,000. Brighton Jones LLC bought a new position in shares of TAL Education Group during the second quarter valued at $226,000. Finally, Alta Advisers Ltd bought a new stake in TAL Education Group in the 2nd quarter worth about $257,000. Hedge funds and other institutional investors own 51.22% of the company’s stock.

TAL Education Group (TAL) traded down $1.32 during mid-day trading on Friday, hitting $31.08. The stock had a trading volume of 7,906,661 shares, compared to its average volume of 5,223,934. TAL Education Group has a 12-month low of $12.34 and a 12-month high of $36.16. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. The stock has a market cap of $15,520.00, a PE ratio of 124.32, a P/E/G ratio of 1.60 and a beta of 0.19.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.02). TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The company had revenue of $455.80 million for the quarter, compared to analysts’ expectations of $441.18 million. The firm’s quarterly revenue was up 68.1% on a year-over-year basis. equities analysts forecast that TAL Education Group will post 0.35 earnings per share for the current year.

TAL has been the subject of several research analyst reports. Bank of America reiterated 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. Deutsche Bank initiated coverage on TAL Education Group in a report on Thursday, January 4th. They issued a “buy” rating and a $35.00 price objective for the company. Zacks Investment Research downgraded TAL Education Group from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. Macquarie cut TAL Education Group from an “outperform” rating to a “neutral” rating in a research report on Friday, October 27th. Finally, ValuEngine cut TAL Education Group from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.55.

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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.

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

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