TIAA CREF Investment Management LLC lowered its position in Tarena International, Inc. (NASDAQ:TEDU) by 12.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,200 shares of the business services provider’s stock after selling 8,600 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.11% of Tarena International worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dupont Capital Management Corp lifted its stake 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 worth $177,000 after purchasing an additional 1,897 shares during the last quarter. UBS Group AG lifted its stake 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 worth $122,000 after purchasing an additional 3,790 shares during the last quarter. KCG Holdings Inc. bought a new stake in Tarena International in the first quarter worth about $266,000. Bank of New York Mellon Corp bought a new stake in Tarena International in the second quarter worth about $800,000. Finally, Schroder Investment Management Group lifted its stake in Tarena International by 16.3% in the second quarter. Schroder Investment Management Group now owns 1,196,390 shares of the business services provider’s stock worth $21,523,000 after purchasing an additional 167,325 shares during the last quarter. 35.01% of the stock is owned by institutional investors and hedge funds.

Shares of Tarena International, Inc. (NASDAQ TEDU) opened at $14.84 on Thursday. Tarena International, Inc. has a 12 month low of $12.52 and a 12 month high of $21.70. The firm has a market cap of $768.81, a P/E ratio of 25.92, a PEG ratio of 0.79 and a beta of 1.06.

Tarena International (NASDAQ:TEDU) last posted its quarterly earnings results on Monday, August 21st. The business services provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.07). Tarena International had a net margin of 13.74% and a return on equity of 15.30%. The company had revenue of $66.43 million for the quarter. equities analysts predict that Tarena International, Inc. will post 0.72 earnings per share for the current fiscal year.

Tarena International announced that its board has authorized a stock buyback plan on Monday, August 21st that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Tarena International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and issued a $21.50 price objective on shares of Tarena International in a research note on Tuesday, August 29th. Numis Securities Ltd downgraded shares of Tarena International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $20.50 to $19.50 in a research note on Tuesday, August 22nd. BidaskClub downgraded shares of Tarena International from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Nomura reissued a “neutral” rating on shares of Tarena International in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $20.10.

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Tarena International Company 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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