Renaissance Technologies LLC Boosts Stake in Tarena International, Inc. (NASDAQ:TEDU)
Renaissance Technologies LLC increased its position in Tarena International, Inc. (NASDAQ:TEDU) by 126.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 811,300 shares of the business services provider’s stock after buying an additional 452,600 shares during the period. Renaissance Technologies LLC owned 1.45% of Tarena International worth $15,155,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of TEDU. Westpac Banking Corp bought a new position in shares of Tarena International during the first quarter worth approximately $235,000. ClariVest Asset Management LLC boosted its position in shares of Tarena International by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 19,652 shares of the business services provider’s stock worth $367,000 after buying an additional 1,005 shares during the last quarter. UBS Group AG boosted its position in shares of Tarena International by 137.2% in the first quarter. UBS Group AG now owns 6,553 shares of the business services provider’s stock worth $122,000 after buying an additional 3,790 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of Tarena International during the first quarter worth approximately $149,000. Finally, Nordea Investment Management AB boosted its position in shares of Tarena International by 15.9% in the first quarter. Nordea Investment Management AB now owns 103,033 shares of the business services provider’s stock worth $1,925,000 after buying an additional 14,125 shares during the last quarter. Institutional investors own 35.19% of the company’s stock.
Tarena International, Inc. (NASDAQ TEDU) traded down 1.10% during mid-day trading on Monday, reaching $18.94. The company had a trading volume of 241,489 shares. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 31.46 and a beta of 1.02. Tarena International, Inc. has a 12-month low of $18.87 and a 12-month high of $19.25.
Tarena International (NASDAQ:TEDU) last announced its earnings results on Monday, May 22nd. The business services provider reported ($0.06) earnings per share for the quarter. The business had revenue of $48.30 million during the quarter. Tarena International had a return on equity of 15.89% and a net margin of 14.79%. On average, equities research analysts predict that Tarena International, Inc. will post $0.97 EPS for the current year.
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A number of brokerages recently commented on TEDU. Zacks Investment Research cut Tarena International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub lowered Tarena International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) lowered Tarena International from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a research note on Tuesday, May 16th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Tarena International in a research note on Wednesday, May 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $20.63.
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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