Wealthsource Partners LLC Takes Position in TAL Education Group (TAL)
Wealthsource Partners LLC acquired a new position in shares of TAL Education Group (NYSE:TAL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,741 shares of the company’s stock, valued at approximately $458,000.
Other hedge funds have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in TAL Education Group during the second quarter worth $153,000. Tower Research Capital LLC TRC acquired a new position in TAL Education Group during the second quarter worth $154,000. QS Investors LLC acquired a new position in TAL Education Group during the second quarter worth $208,000. Brighton Jones LLC acquired a new position in TAL Education Group during the second quarter worth $226,000. Finally, Greenleaf Trust acquired a new position in TAL Education Group during the second quarter worth $229,000. 8.59% of the stock is owned by hedge funds and other institutional investors.
TAL Education Group (NYSE:TAL) traded up 1.21% during trading on Friday, hitting $35.20. The stock had a trading volume of 3,033,586 shares. The stock has a market cap of $17.40 billion, a PE ratio of 144.86 and a beta of 0.26. TAL Education Group has a 1-year low of $11.02 and a 1-year high of $35.87. The firm’s 50-day moving average price is $32.58 and its 200-day moving average price is $24.47.
TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, July 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The company had revenue of $321.90 million during the quarter, compared to analyst estimates of $306.46 million. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The company’s revenue was up 65.0% compared to the same quarter last year. On average, equities research analysts predict that TAL Education Group will post $0.34 earnings per share for the current fiscal year.
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Several brokerages recently issued reports on TAL. Citigroup Inc. started coverage on TAL Education Group in a report on Tuesday, July 18th. They set a “neutral” rating and a $25.00 price objective for the company. Macquarie started coverage on TAL Education Group in a report on Thursday, June 29th. They issued an “outperform” rating and a $27.50 price target for the company. UBS AG started coverage on TAL Education Group in a report on Tuesday, August 1st. They issued a “buy” rating for the company. J P Morgan Chase & Co boosted their price target on TAL Education Group to $31.67 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research cut TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $28.29.
TAL Education Group 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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