Tarena International (NASDAQ:TEDU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Tarena International, Inc. is a provider of professional education services in China. The Company specializes in Information Technology professional education services including classroom training. It offers education courses in nine IT subjects, such as Java, C++, software testing, PHP, embedded, Android, .NET, iOS, and Linux and network engineering; and two non-IT subjects comprising digital art, and online sales and marketing through live distance instruction, classroom-based tutoring, and online learning modules. Tarena International, Inc. is headquartered in Beijing, the People’s Republic of China. “
Several other equities analysts also recently issued reports on the stock. BidaskClub raised shares of Tarena International from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Nomura decreased their price objective on shares of Tarena International from $17.50 to $13.50 and set a “neutral” rating on the stock in a report on Tuesday, February 13th. Finally, Jefferies Group downgraded shares of Tarena International from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.97.
Tarena International (TEDU) opened at $12.22 on Wednesday. The stock has a market cap of $681.60, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 1.19 and a beta of 0.83. Tarena International has a twelve month low of $11.48 and a twelve month high of $21.70.
Several large investors have recently bought and sold shares of TEDU. Davis Selected Advisers lifted its stake in shares of Tarena International by 209.9% in the third quarter. Davis Selected Advisers now owns 2,458,979 shares of the business services provider’s stock worth $35,778,000 after buying an additional 1,665,477 shares in the last quarter. Macquarie Group Ltd. lifted its stake in shares of Tarena International by 31.4% in the fourth quarter. Macquarie Group Ltd. now owns 2,046,575 shares of the business services provider’s stock worth $27,388,000 after buying an additional 489,475 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Tarena International by 24.7% in the fourth quarter. Schroder Investment Management Group now owns 1,723,695 shares of the business services provider’s stock worth $25,838,000 after buying an additional 341,787 shares in the last quarter. Greenwoods Asset Management Ltd lifted its stake in shares of Tarena International by 35.5% in the third quarter. Greenwoods Asset Management Ltd now owns 1,072,375 shares of the business services provider’s stock worth $15,603,000 after buying an additional 280,718 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Tarena International by 391.5% in the third quarter. Bank of New York Mellon Corp now owns 219,507 shares of the business services provider’s stock worth $3,193,000 after buying an additional 174,842 shares in the last quarter. 37.06% of the stock is currently owned by hedge funds and other institutional investors.
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About Tarena International
Tarena International, Inc (Tarena International) is a holding company. The Company, through its subsidiaries, provides professional education services, including professional information technology (IT) training courses and non-IT training courses across the People’s Republic of China (PRC). It operates through training segment.
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