OZ Management LP purchased a new position in shares of TAL Education Group (NYSE:TAL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 77,661 shares of the company’s stock, valued at approximately $2,618,000.

Several other hedge funds also recently added to or reduced their stakes in TAL. Oppenheimer Asset Management Inc. bought a new stake in shares of TAL Education Group in the 2nd quarter worth approximately $153,000. Tower Research Capital LLC TRC bought a new stake in shares of TAL Education Group in the 2nd quarter worth approximately $154,000. QS Investors LLC bought a new stake in shares of TAL Education Group in the 2nd quarter worth approximately $208,000. Brighton Jones LLC bought a new stake in shares of TAL Education Group in the 2nd quarter worth approximately $226,000. Finally, Alta Advisers Ltd bought a new stake in shares of TAL Education Group in the 2nd quarter worth approximately $257,000. Institutional investors own 51.34% of the company’s stock.

A number of research firms recently commented on TAL. Bank of America reiterated a “buy” rating and issued a $40.30 target price (up from $29.10) on shares of TAL Education Group in a report on Monday, September 25th. Zacks Investment Research upgraded shares of TAL Education Group from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a report on Thursday, October 26th. Morgan Stanley began coverage on shares of TAL Education Group in a report on Friday, August 25th. They issued an “overweight” rating and a $37.00 target price on the stock. Jefferies Group boosted their target price on shares of TAL Education Group to $35.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, ValuEngine downgraded shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $31.16.

TAL Education Group (NYSE TAL) traded down $0.66 during trading on Tuesday, hitting $27.33. 4,221,100 shares of the stock traded hands, compared to its average volume of 3,990,948. The stock has a market capitalization of $13,683.25, a P/E ratio of 116.63, a P/E/G ratio of 1.30 and a beta of 0.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 1.14. TAL Education Group has a 1-year low of $11.02 and a 1-year high of $36.16.

TAL Education Group (NYSE:TAL) last released its earnings results 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). The firm had revenue of $455.80 million during the quarter, compared to analysts’ expectations of $441.18 million. TAL Education Group had a return on equity of 18.17% and a net margin of 9.90%. TAL Education Group’s quarterly revenue was up 68.1% compared to the same quarter last year. research analysts predict that TAL Education Group will post 0.37 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “OZ Management LP Purchases Shares of 77,661 TAL Education Group (TAL)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/12/05/oz-management-lp-purchases-shares-of-77661-tal-education-group-tal.html.

TAL Education Group Company 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.

Want to see what other hedge funds are holding TAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TAL Education Group (NYSE:TAL).

Institutional Ownership by Quarter for TAL Education Group (NYSE:TAL)

Receive News & Ratings for TAL Education Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAL Education Group and related companies with MarketBeat.com's FREE daily email newsletter.