TAL Education Group (TAL) Holdings Lifted by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA boosted its holdings in TAL Education Group (NYSE:TAL) by 587.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 983,374 shares of the company’s stock after buying an additional 840,349 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.20% of TAL Education Group worth $33,150,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new stake in TAL Education Group in the second quarter valued at $11,312,000. Swiss National Bank acquired a new position in shares of TAL Education Group during the second quarter valued at $12,180,000. Tudor Investment Corp ET AL acquired a new position in shares of TAL Education Group during the second quarter valued at $723,000. Wealthsource Partners LLC acquired a new position in shares of TAL Education Group during the second quarter valued at $458,000. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of TAL Education Group during the second quarter valued at $734,000. Institutional investors and hedge funds own 14.94% of the company’s stock.
A number of research firms recently commented on TAL. Jefferies Group LLC reiterated a “buy” rating and issued a $29.33 price objective on shares of TAL Education Group in a report on Monday, July 31st. UBS AG assumed coverage on TAL Education Group in a report on Tuesday, August 1st. They issued a “buy” rating for the company. Macquarie downgraded TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. J P Morgan Chase & Co increased 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, Citigroup Inc. assumed coverage on TAL Education Group in a report on Tuesday, July 18th. They issued a “neutral” rating and a $25.00 price target for the company. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. TAL Education Group presently has a consensus rating of “Buy” and a consensus price target of $31.16.
Shares of TAL Education Group (NYSE:TAL) traded down $1.26 on Friday, hitting $29.34. The stock had a trading volume of 1,849,195 shares, compared to its average volume of 3,937,150. TAL Education Group has a one year low of $11.02 and a one year high of $36.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $14,841.85, a price-to-earnings ratio of 126.50, a price-to-earnings-growth ratio of 1.41 and a beta of 0.22.
TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The business had revenue of $455.80 million during the quarter, compared to the consensus estimate of $441.18 million. The company’s revenue for the quarter was up 68.1% on a year-over-year basis. equities analysts expect that TAL Education Group will post 0.37 earnings per share for the current fiscal year.
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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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