Dorsey Wright & Associates Acquires Shares of 56,192 TAL Education Group (TAL)
Dorsey Wright & Associates acquired a new stake in shares of TAL Education Group (NYSE:TAL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 56,192 shares of the company’s stock, valued at approximately $2,953,000. TAL Education Group makes up 1.2% of Dorsey Wright & Associates’ investment portfolio, making the stock its 27th biggest position. Dorsey Wright & Associates owned about 0.07% of TAL Education Group at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. TIAA CREF Investment Management LLC bought a new stake in shares of TAL Education Group during the second quarter valued at about $5,739,000. Teachers Advisors LLC acquired a new position in TAL Education Group during the second quarter worth about $2,422,000. Fiera Capital Corp acquired a new position in TAL Education Group during the second quarter worth about $3,596,000. AJO LP acquired a new position in TAL Education Group during the second quarter worth about $281,000. Finally, Dai Ichi Life Insurance Company Ltd acquired a new position in TAL Education Group during the second quarter worth about $3,149,000. Institutional investors and hedge funds own 8.59% of the company’s stock.
A number of research firms recently issued reports on TAL. UBS AG began coverage on TAL Education Group in a report on Tuesday, August 1st. They set a “buy” rating on the stock. Morgan Stanley began coverage on TAL Education Group in a report on Friday, August 25th. They set an “overweight” rating and a $37.00 target price on the stock. Jefferies Group LLC lifted their target price on TAL Education Group to $35.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research lowered TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, J P Morgan Chase & Co lifted their target price on TAL Education Group to $31.67 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. TAL Education Group currently has an average rating of “Buy” and an average target price of $25.76.
Shares of TAL Education Group (TAL) traded up 3.7693% during trading on Wednesday, reaching $33.6939. The company had a trading volume of 2,081,604 shares. The firm has a market capitalization of $16.65 billion, a P/E ratio of 138.6580 and a beta of 0.26. The company has a 50 day moving average of $28.51 and a 200-day moving average of $21.51. TAL Education Group has a 52-week low of $10.34 and a 52-week high of $34.19.
TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, July 27th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The firm had revenue of $321.90 million for the quarter, compared to analyst estimates of $306.46 million. The company’s revenue was up 65.0% compared to the same quarter last year. Equities analysts expect that TAL Education Group will post $0.33 earnings per share for the current year.
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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.
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