American Century Companies Inc. Acquires New Position in TAL Education Group (TAL)
American Century Companies Inc. acquired a new position in TAL Education Group (NYSE:TAL) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 212,946 shares of the company’s stock, valued at approximately $26,045,000. American Century Companies Inc. owned approximately 0.26% of TAL Education Group at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of TAL. William Blair Investment Management LLC acquired a new position in TAL Education Group during the second quarter worth about $84,500,000. TB Alternative Assets Ltd. purchased a new stake in shares of TAL Education Group during the second quarter worth $63,729,000. BARING ASSET MANAGEMENT Ltd purchased a new stake in shares of TAL Education Group during the second quarter worth $37,757,000. J&P China Capital Management CO. Ltd. purchased a new stake in shares of TAL Education Group during the second quarter worth $34,757,000. Finally, Bank of Montreal Can purchased a new stake in shares of TAL Education Group during the second quarter worth $33,274,000. 8.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TAL Education Group (NYSE TAL) opened at 30.43 on Friday. TAL Education Group has a one year low of $10.19 and a one year high of $32.33. The firm’s 50-day moving average price is $27.13 and its 200 day moving average price is $20.65. The firm has a market cap of $15.04 billion, a P/E ratio of 125.23 and a beta of 0.26.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The business had revenue of $321.90 million during the quarter, compared to the consensus estimate of $306.46 million. The business’s revenue for the quarter was up 65.0% compared to the same quarter last year. Analysts predict that TAL Education Group will post $0.33 EPS for the current year.
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TAL has been the topic of a number of analyst reports. Goldman Sachs Group, Inc. (The) downgraded shares of TAL Education Group from a “buy” rating to a “neutral” rating and set a $22.17 price target on the stock. in a research report on Tuesday, May 16th. Macquarie assumed coverage on shares of TAL Education Group in a research note on Thursday, June 29th. They set an “outperform” rating and a $27.50 price target for the company. Citigroup Inc. assumed coverage on shares of TAL Education Group in a research note on Tuesday, July 18th. They set a “neutral” rating and a $25.00 price target for the company. J P Morgan Chase & Co raised their price target on shares of TAL Education Group to $31.67 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $29.33 price target on shares of TAL Education Group in a research note on Monday, July 31st. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $25.76.
About TAL Education Group
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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