Bamco Inc. NY Invests $64.02 Million in TAL Education Group (TAL) Stock
Bamco Inc. NY purchased a new position in TAL Education Group (NYSE:TAL) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 523,392 shares of the company’s stock, valued at approximately $64,016,000. Bamco Inc. NY owned approximately 0.64% of TAL Education Group at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new position in TAL Education Group in the 2nd quarter worth about $153,000. Brighton Jones LLC purchased a new position in TAL Education Group in the 2nd quarter worth about $226,000. Greenleaf Trust purchased a new position in TAL Education Group in the 2nd quarter worth about $229,000. Creative Planning purchased a new position in TAL Education Group in the 2nd quarter worth about $257,000. Finally, Alta Advisers Ltd purchased a new position in TAL Education Group in the 2nd quarter worth about $257,000. 8.59% of the stock is currently owned by hedge funds and other institutional investors.
TAL Education Group (NYSE TAL) traded up 1.29% during trading on Thursday, reaching $33.64. The company’s stock had a trading volume of 552,621 shares. The firm has a market cap of $16.63 billion, a P/E ratio of 138.44 and a beta of 0.26. TAL Education Group has a 52 week low of $11.02 and a 52 week high of $34.69. The stock’s 50 day moving average is $29.83 and its 200-day moving average is $22.29.
TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. The company had revenue of $321.90 million for the quarter, compared to analyst estimates of $306.46 million. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The business’s quarterly revenue was up 65.0% on a year-over-year basis. On average, equities research analysts forecast that TAL Education Group will post $0.33 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the company. Citigroup Inc. assumed coverage on TAL Education Group in a research note on Tuesday, July 18th. They issued a “neutral” rating and a $25.00 price target on the stock. Macquarie started coverage on TAL Education Group in a research note on Thursday, June 29th. They set an “outperform” rating and a $27.50 target price on the stock. UBS AG started coverage on TAL Education Group in a research note on Tuesday, August 1st. They set a “buy” rating on the stock. J P Morgan Chase & Co lifted their target price on TAL Education Group to $31.67 and gave the company an “overweight” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research cut TAL Education Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. TAL Education Group has a consensus rating of “Buy” and a consensus price target of $27.21.
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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