Tarena International, Inc. (TEDU) Shares Sold by Smith Asset Management Group LP
Smith Asset Management Group LP cut its position in shares of Tarena International, Inc. (NASDAQ:TEDU) by 31.8% during the second quarter, Holdings Channel reports. The firm owned 7,620 shares of the business services provider’s stock after selling 3,560 shares during the period. Smith Asset Management Group LP’s holdings in Tarena International were worth $136,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Westpac Banking Corp acquired a new stake in Tarena International during the first quarter worth about $235,000. UBS Group AG raised its stake in 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 period. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in Tarena International during the first quarter worth about $149,000. KCG Holdings Inc. acquired a new stake in Tarena International during the first quarter worth about $266,000. Finally, Citadel Advisors LLC acquired a new stake in Tarena International during the first quarter worth about $268,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tarena International, Inc. (TEDU) opened at 18.47 on Wednesday. Tarena International, Inc. has a one year low of $18.00 and a one year high of $18.75.
Tarena International (NASDAQ:TEDU) last posted its earnings results on Monday, May 22nd. The business services provider reported ($0.06) EPS for the quarter. Tarena International had a net margin of 14.79% and a return on equity of 15.89%. The firm had revenue of $48.30 million during the quarter. Equities research analysts expect that Tarena International, Inc. will post $0.98 EPS for the current fiscal year.
Several brokerages have recently weighed in on TEDU. Zacks Investment Research lowered Tarena International from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. 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 report on Tuesday, May 16th. Jefferies Group LLC reissued a “buy” rating on shares of Tarena International in a report on Wednesday, May 24th. Finally, BidaskClub lowered Tarena International from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Tarena International currently has a consensus rating of “Hold” and a consensus target price 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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