Nordea Investment Management AB increased its position in shares of Tarena International Inc (NASDAQ:TEDU) by 17.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,105 shares of the business services provider’s stock after buying an additional 22,242 shares during the period. Nordea Investment Management AB owned about 0.30% of Tarena International worth $2,213,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TEDU. TIAA CREF Investment Management LLC increased its stake in shares of Tarena International by 120.6% during the first quarter. TIAA CREF Investment Management LLC now owns 70,800 shares of the business services provider’s stock worth $1,323,000 after buying an additional 38,700 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Tarena International by 197.2% during the first quarter. Dimensional Fund Advisors LP now owns 261,547 shares of the business services provider’s stock worth $4,887,000 after buying an additional 173,547 shares during the period. UBS Group AG boosted its holdings in Tarena International by 137.2% in the first quarter. UBS Group AG now owns 6,553 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 3,790 shares in the last quarter. Dupont Capital Management Corp boosted its holdings in Tarena International by 23.7% in the second quarter. Dupont Capital Management Corp now owns 9,897 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 1,897 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Tarena International in the second quarter valued at approximately $800,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

Shares of Tarena International Inc (TEDU) opened at $13.31 on Thursday. The firm has a market capitalization of $758.08, a P/E ratio of 25.73, a PEG ratio of 2.06 and a beta of 0.98. Tarena International Inc has a fifty-two week low of $12.52 and a fifty-two week high of $21.70.

Tarena International announced that its Board of Directors has authorized a stock buyback program on Monday, August 21st that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

TEDU has been the subject of a number of research analyst reports. BidaskClub downgraded Tarena International from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Instinet downgraded Tarena International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $22.50 to $19.50 in a report on Tuesday, August 22nd. Nomura reaffirmed a “neutral” rating on shares of Tarena International in a report on Tuesday, August 22nd. Numis Securities downgraded Tarena International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.50 to $19.50 in a report on Tuesday, August 22nd. Finally, Zacks Investment Research downgraded Tarena International from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Tarena International currently has an average rating of “Hold” and a consensus price target of $20.13.

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Tarena International 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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