Bamco Inc. NY cut its holdings in shares of TAL Education Group (NYSE:TAL) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,630,329 shares of the company’s stock after selling 19,395 shares during the period. Bamco Inc. NY owned 0.54% of TAL Education Group worth $78,147,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of TAL Education Group by 14.1% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,129 shares of the company’s stock valued at $959,000 after acquiring an additional 3,729 shares during the period. Envestnet Asset Management Inc. increased its position in shares of TAL Education Group by 531.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,909 shares of the company’s stock valued at $166,000 after acquiring an additional 4,131 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of TAL Education Group in the 2nd quarter valued at $514,000. Creative Planning increased its position in shares of TAL Education Group by 39.7% in the 4th quarter. Creative Planning now owns 18,500 shares of the company’s stock valued at $550,000 after acquiring an additional 5,258 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in shares of TAL Education Group in the 3rd quarter valued at $215,000. 55.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of TAL Education Group (TAL) opened at $38.58 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.07 and a current ratio of 1.08. TAL Education Group has a 12-month low of $15.92 and a 12-month high of $39.28. The firm has a market capitalization of $18,923.85, a PE ratio of 137.54 and a beta of 0.28.
TAL Education Group (NYSE:TAL) last posted its earnings results on Thursday, January 25th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. TAL Education Group had a net margin of 10.55% and a return on equity of 19.59%. The business had revenue of $433.27 million for the quarter. equities analysts anticipate that TAL Education Group will post 0.33 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on TAL shares. Zacks Investment Research raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Deutsche Bank started coverage on TAL Education Group in a research report on Thursday, January 4th. They set a “buy” rating and a $35.00 price target on the stock. Finally, ValuEngine downgraded TAL Education Group from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $31.55.
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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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