Ariose Capital Management Ltd Sells 238,649 Shares of TAL Education Group (XRS)
Ariose Capital Management Ltd decreased its position in shares of TAL Education Group (NYSE:XRS) by 26.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 653,159 shares of the company’s stock after selling 238,649 shares during the period. TAL Education Group accounts for about 41.0% of Ariose Capital Management Ltd’s investment portfolio, making the stock its largest position. Ariose Capital Management Ltd owned approximately 0.81% of TAL Education Group worth $40,535,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Pacad Investment Ltd. acquired a new position in shares of TAL Education Group during the first quarter valued at $750,000. BlackRock Inc. raised its position in shares of TAL Education Group by 53.0% in the first quarter. BlackRock Inc. now owns 49,827 shares of the company’s stock valued at $2,475,000 after buying an additional 17,267 shares in the last quarter. BlackRock Group LTD raised its position in shares of TAL Education Group by 143.2% in the first quarter. BlackRock Group LTD now owns 717,444 shares of the company’s stock valued at $35,643,000 after buying an additional 422,434 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of TAL Education Group by 12.4% in the first quarter. BlackRock Fund Advisors now owns 558,194 shares of the company’s stock valued at $27,731,000 after buying an additional 61,514 shares in the last quarter. Finally, BlackRock Japan Co. Ltd raised its position in shares of TAL Education Group by 0.6% in the first quarter. BlackRock Japan Co. Ltd now owns 26,760 shares of the company’s stock valued at $1,329,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 50.74% of the company’s stock.
Shares of TAL Education Group (NYSE:XRS) traded down 0.76% on Monday, hitting $70.30. The stock had a trading volume of 229,221 shares. TAL Education Group has a one year low of $33.41 and a one year high of $71.98. The company’s 50 day moving average is $64.93 and its 200 day moving average is $58.45. The stock has a market cap of $5.69 billion, a PE ratio of 60.87 and a beta of 0.43.
TAL Education Group (NYSE:XRS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.04. The company earned $195.10 million during the quarter, compared to analyst estimates of $184.06 million. TAL Education Group had a net margin of 14.17% and a return on equity of 21.29%. The firm’s revenue for the quarter was up 50.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. Equities research analysts predict that TAL Education Group will post $1.42 EPS for the current fiscal year.
Several brokerages recently weighed in on XRS. Jefferies Group lowered TAL Education Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $56.00 to $64.50 in a research note on Friday, July 8th. Credit Agricole SA lowered TAL Education Group from an “outperform” rating to an “underperform” rating in a research note on Wednesday, July 27th. Brean Capital began coverage on TAL Education Group in a research note on Wednesday, July 27th. They issued a “buy” rating and a $72.00 price target for the company. Credit Suisse Group AG restated a “hold” rating and issued a $62.00 price target on shares of TAL Education Group in a research note on Monday, June 27th. Finally, Zacks Investment Research cut TAL Education Group from a “hold” rating to a “strong sell” rating in a report on Saturday, July 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $55.50.
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.
Receive News & Stock Ratings for TAL Education Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAL Education Group and related stocks with our FREE daily email newsletter.