Teacher Retirement System of Texas Has $381,000 Position in TAL Education Group (XRS)
Teacher Retirement System of Texas lowered its stake in shares of TAL Education Group (NYSE:XRS) by 82.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,135 shares of the company’s stock after selling 28,610 shares during the period. Teacher Retirement System of Texas’ holdings in TAL Education Group were worth $381,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in XRS. DekaBank Deutsche Girozentrale raised its stake in TAL Education Group by 228.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,300 shares of the company’s stock valued at $138,000 after buying an additional 1,600 shares during the last quarter. Alta Advisers Ltd raised its stake in TAL Education Group by 385.7% in the second quarter. Alta Advisers Ltd now owns 3,400 shares of the company’s stock valued at $211,000 after buying an additional 2,700 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in TAL Education Group by 97.1% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,450 shares of the company’s stock valued at $214,000 after buying an additional 1,700 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in TAL Education Group during the second quarter valued at approximately $233,000. Finally, Wealthsource Partners LLC purchased a new stake in TAL Education Group during the first quarter valued at approximately $262,000. 50.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TAL Education Group (NYSE:XRS) opened at 71.57 on Tuesday. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 61.97 and a beta of 0.43. The stock’s 50 day moving average price is $66.18 and its 200-day moving average price is $59.34. TAL Education Group has a 52-week low of $33.87 and a 52-week high of $72.28.
TAL Education Group (NYSE:XRS) last announced its earnings results on Tuesday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.04. TAL Education Group had a return on equity of 21.29% and a net margin of 14.17%. The firm had revenue of $195.10 million for the quarter, compared to analyst estimates of $184.06 million. During the same quarter last year, the business posted $0.28 EPS. The firm’s revenue was up 50.8% compared to the same quarter last year. On average, analysts predict that TAL Education Group will post $1.46 earnings per share for the current fiscal year.
XRS has been the topic of several analyst reports. Brean Capital reaffirmed a “buy” rating on shares of TAL Education Group in a research report on Tuesday, September 6th. Daiwa Capital Markets assumed coverage on shares of TAL Education Group in a research report on Monday. They set a “buy” rating on the stock. Zacks Investment Research raised TAL Education Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Jefferies Group lowered TAL Education Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $56.00 to $64.50 in a research report on Friday, July 8th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $62.00 target price on shares of TAL Education Group in a research report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $55.50.
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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