Candriam Luxembourg S.C.A. lowered its position in shares of TAL Education Group (NYSE:XRS) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 139,000 shares of the company’s stock after selling 7,000 shares during the period. Candriam Luxembourg S.C.A.’s holdings in TAL Education Group were worth $8,627,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in XRS. Tobam acquired a new position in shares of TAL Education Group during the first quarter worth about $191,000. Wealthsource Partners LLC acquired a new position in shares of TAL Education Group during the first quarter worth about $262,000. Royal Bank of Canada increased its position in shares of TAL Education Group by 1.2% in the first quarter. Royal Bank of Canada now owns 9,417 shares of the company’s stock worth $469,000 after buying an additional 115 shares in the last quarter. Geode Capital Management LLC increased its position in shares of TAL Education Group by 5.6% in the first quarter. Geode Capital Management LLC now owns 11,170 shares of the company’s stock worth $548,000 after buying an additional 595 shares in the last quarter. Finally, British Columbia Investment Management Corp increased its position in shares of TAL Education Group by 120.9% in the second quarter. British Columbia Investment Management Corp now owns 9,500 shares of the company’s stock worth $590,000 after buying an additional 5,200 shares in the last quarter. Institutional investors own 50.74% of the company’s stock.
Shares of TAL Education Group (NYSE:XRS) traded up 1.70% during mid-day trading on Tuesday, hitting $69.91. The stock had a trading volume of 327,771 shares. The stock has a market cap of $5.65 billion, a P/E ratio of 60.53 and a beta of 0.75. TAL Education Group has a 52-week low of $30.90 and a 52-week high of $71.98. The company’s 50 day moving average is $64.08 and its 200-day moving average is $58.14.
TAL Education Group (NYSE:XRS) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.04. The business had revenue of $195.10 million for the quarter, compared to analysts’ expectations of $184.06 million. TAL Education Group had a net margin of 14.17% and a return on equity of 21.29%. The business’s quarterly revenue was up 50.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. On average, equities research analysts anticipate that TAL Education Group will post $1.42 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on XRS. Jefferies Group downgraded TAL Education Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $56.00 to $64.50 in a report on Friday, July 8th. Zacks Investment Research downgraded TAL Education Group from a “hold” rating to a “strong sell” rating in a report on Saturday, July 30th. Brean Capital began coverage on TAL Education Group in a report on Wednesday, July 27th. They set a “buy” rating and a $72.00 price target on the stock. Credit Agricole SA downgraded TAL Education Group from an “outperform” rating to an “underperform” rating in a report on Wednesday, July 27th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $62.00 price objective on shares of TAL Education Group in a research report on Monday, June 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus 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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