Morgan Stanley lowered its position in shares of Tarena International, Inc. (NASDAQ:TEDU) by 66.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,934 shares of the business services provider’s stock after selling 155,101 shares during the quarter. Morgan Stanley owned 0.14% of Tarena International worth $1,436,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. UBS Group AG boosted its holdings in shares of Tarena International by 137.2% in the 1st quarter. UBS Group AG now owns 6,553 shares of the business services provider’s stock valued at $122,000 after buying an additional 3,790 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Tarena International by 197.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 261,547 shares of the business services provider’s stock valued at $4,887,000 after buying an additional 173,547 shares during the last quarter. Bogle Investment Management L P DE acquired a new stake in shares of Tarena International in the 1st quarter valued at approximately $319,000. TIAA CREF Investment Management LLC boosted its holdings in shares of Tarena International by 120.6% in the 1st quarter. TIAA CREF Investment Management LLC now owns 70,800 shares of the business services provider’s stock valued at $1,323,000 after buying an additional 38,700 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its holdings in shares of Tarena International by 5.4% in the 1st quarter. ClariVest Asset Management LLC now owns 19,652 shares of the business services provider’s stock valued at $367,000 after buying an additional 1,005 shares during the last quarter. 36.63% of the stock is owned by hedge funds and other institutional investors.

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TEDU has been the topic of a number of research analyst reports. BidaskClub cut Tarena International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Instinet cut Tarena International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $22.50 to $19.50 in a research report on Tuesday, August 22nd. Nomura reiterated a “neutral” rating on shares of Tarena International in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded Tarena International from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Saturday, May 27th. Finally, Numis Securities Ltd cut Tarena International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $20.50 to $19.50 in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $20.25.

Tarena International, Inc. (NASDAQ:TEDU) traded up 1.06% during mid-day trading on Monday, reaching $14.27. The company had a trading volume of 575,843 shares. The stock has a 50 day moving average price of $17.78 and a 200-day moving average price of $17.99. The stock has a market capitalization of $803.77 million, a P/E ratio of 23.43 and a beta of 1.08. Tarena International, Inc. has a 12-month low of $12.52 and a 12-month high of $21.70.

Tarena International (NASDAQ:TEDU) last posted its earnings results on Monday, August 21st. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.07. Tarena International had a return on equity of 15.30% and a net margin of 13.74%. The firm had revenue of $66.43 million for the quarter. Equities analysts anticipate that Tarena International, Inc. will post $0.82 EPS for the current fiscal year.

Tarena International declared that its Board of Directors has authorized a share buyback plan on Monday, August 21st that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Tarena International Company Profile

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.

Institutional Ownership by Quarter for Tarena International (NASDAQ:TEDU)

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