Baldwin Investment Management LLC Acquires New Position in TAL Education Group (TAL)
Baldwin Investment Management LLC acquired a new position in shares of TAL Education Group (NYSE:TAL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,105 shares of the company’s stock, valued at approximately $624,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of TAL Education Group during the second quarter worth approximately $97,890,000. William Blair Investment Management LLC bought a new position in shares of TAL Education Group during the second quarter worth approximately $84,500,000. TB Alternative Assets Ltd. bought a new position in shares of TAL Education Group during the second quarter worth approximately $63,729,000. Ariose Capital Management Ltd bought a new position in shares of TAL Education Group during the second quarter worth approximately $55,179,000. Finally, Tobam bought a new position in shares of TAL Education Group during the second quarter worth approximately $42,636,000. 8.63% of the stock is currently owned by institutional investors and hedge funds.
TAL Education Group (TAL) traded up 0.27% during mid-day trading on Wednesday, reaching $29.34. The company’s stock had a trading volume of 1,037,023 shares. TAL Education Group has a 52-week low of $9.87 and a 52-week high of $32.33. The stock has a market cap of $14.50 billion, a PE ratio of 120.74 and a beta of 0.26. The company has a 50 day moving average of $26.27 and a 200-day moving average of $20.22.
TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $321.90 million for the quarter, compared to analysts’ expectations of $306.46 million. TAL Education Group had a net margin of 11.14% and a return on equity of 19.47%. The company’s revenue for the quarter was up 65.0% compared to the same quarter last year. Equities analysts forecast that TAL Education Group will post $0.33 earnings per share for the current year.
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TAL has been the topic of a number of analyst reports. Jefferies Group LLC increased their price objective on TAL Education Group to $35.00 and gave the company a “buy” rating in a report on Monday. Macquarie initiated coverage on TAL Education Group in a report on Thursday, June 29th. They set an “outperform” rating and a $27.50 price objective on the stock. Zacks Investment Research lowered TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday. Goldman Sachs Group, Inc. (The) lowered TAL Education Group from a “buy” rating to a “neutral” rating and set a $22.17 price objective on the stock. in a report on Tuesday, May 16th. Finally, J P Morgan Chase & Co increased their price objective on TAL Education Group to $31.67 and gave the company an “overweight” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $25.76.
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.
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