Swiss National Bank Purchases 470,567 Shares of TAL Education Group (TAL)
Swiss National Bank grew its position in shares of TAL Education Group (NYSE:TAL) by 472.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 570,146 shares of the company’s stock after purchasing an additional 470,567 shares during the quarter. Swiss National Bank owned approximately 116,627.66% of TAL Education Group worth $19,220,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of TAL. Penserra Capital Management LLC purchased a new stake in TAL Education Group during the 2nd quarter valued at about $122,000. Nippon Life Insurance Co. boosted its holdings in TAL Education Group by 500.0% during the 3rd quarter. Nippon Life Insurance Co. now owns 3,708 shares of the company’s stock valued at $125,000 after acquiring an additional 3,090 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in TAL Education Group during the 2nd quarter valued at about $153,000. Tower Research Capital LLC TRC purchased a new stake in TAL Education Group during the 2nd quarter valued at about $154,000. Finally, OLD National Bancorp IN purchased a new stake in TAL Education Group during the 3rd quarter valued at about $206,000. Institutional investors own 18.64% of the company’s stock.
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Shares of TAL Education Group (NYSE TAL) opened at $29.76 on Friday. TAL Education Group has a fifty-two week low of $11.02 and a fifty-two week high of $36.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $14,548.53, a P/E ratio of 124.00, a price-to-earnings-growth ratio of 1.38 and a beta of 0.22.
TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). TAL Education Group had a return on equity of 18.17% and a net margin of 9.90%. The business had revenue of $455.80 million during the quarter, compared to analysts’ expectations of $441.18 million. The company’s quarterly revenue was up 68.1% on a year-over-year basis. sell-side analysts forecast that TAL Education Group will post 0.37 earnings per share for the current year.
Several brokerages recently weighed in on TAL. UBS AG began coverage on TAL Education Group in a report on Tuesday, August 1st. They set a “buy” rating for the company. J P Morgan Chase & Co increased their target price on TAL Education Group to $31.67 and gave the company an “overweight” rating in a report on Thursday, July 27th. Macquarie cut TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. Zacks Investment Research cut TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Jefferies Group LLC increased their target price on TAL Education Group to $35.00 and gave the company a “buy” rating in a report on Monday, August 28th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $31.16.
TAL Education Group 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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