Zacks Investment Research lowered shares of Tarena International (NASDAQ:TEDU) from a hold rating to a sell rating in a research report report published on Tuesday morning.

According to Zacks, “Tarena International, Inc. is a provider of professional education services in China. The Company specializes in Information Technology professional education services including classroom training. It offers education courses in nine IT subjects, such as Java, C++, software testing, PHP, embedded, Android, .NET, iOS, and Linux and network engineering; and two non-IT subjects comprising digital art, and online sales and marketing through live distance instruction, classroom-based tutoring, and online learning modules. Tarena International, Inc. is headquartered in Beijing, the People’s Republic of China. “

Other analysts also recently issued reports about the company. Instinet downgraded Tarena International from a buy rating to a neutral rating and decreased their price objective for the company from $22.50 to $19.50 in a report on Tuesday, August 22nd. Jefferies Group restated a buy rating and issued a $21.50 price objective on shares of Tarena International in a report on Tuesday, August 29th. Numis Securities downgraded Tarena International from a buy rating to a neutral rating and decreased their price objective for the company from $20.50 to $19.50 in a report on Tuesday, August 22nd. Nomura restated a neutral rating on shares of Tarena International in a report on Tuesday, August 22nd. Finally, BidaskClub downgraded Tarena International from a hold rating to a sell rating in a report on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company has an average rating of Hold and an average price target of $20.13.

Shares of Tarena International (NASDAQ TEDU) opened at $13.35 on Tuesday. The firm has a market capitalization of $775.50, a PE ratio of 25.94, a P/E/G ratio of 2.08 and a beta of 0.99. Tarena International has a fifty-two week low of $12.52 and a fifty-two week high of $21.70.

Tarena International declared that its board has initiated a stock repurchase 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 buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Davis Selected Advisers grew its stake in Tarena International by 209.9% in the third quarter. Davis Selected Advisers now owns 2,458,979 shares of the business services provider’s stock valued at $35,778,000 after purchasing an additional 1,665,477 shares during the last quarter. Greenwoods Asset Management Ltd grew its stake in Tarena International by 35.5% in the third quarter. Greenwoods Asset Management Ltd now owns 1,072,375 shares of the business services provider’s stock valued at $15,603,000 after purchasing an additional 280,718 shares during the last quarter. Schroder Investment Management Group grew its stake in Tarena International by 15.5% in the third quarter. Schroder Investment Management Group now owns 1,381,908 shares of the business services provider’s stock valued at $20,011,000 after purchasing an additional 185,518 shares during the last quarter. Nordea Investment Management AB grew its stake in Tarena International by 17.1% in the third quarter. Nordea Investment Management AB now owns 152,105 shares of the business services provider’s stock valued at $2,213,000 after purchasing an additional 22,242 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Tarena International by 391.5% in the third quarter. Bank of New York Mellon Corp now owns 219,507 shares of the business services provider’s stock valued at $3,193,000 after purchasing an additional 174,842 shares during the last quarter. Institutional investors own 33.77% of the company’s stock.

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About Tarena International

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.

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