Copper Rock Capital Partners LLC bought a new stake in Tarena International Inc. (NASDAQ:TEDU) during the third quarter, Holdings Channel reports. The fund bought 175,779 shares of the company’s stock, valued at approximately $2,535,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC boosted its position in shares of Tarena International by 500.9% in the second quarter. Acadian Asset Management LLC now owns 272,651 shares of the company’s stock valued at $2,819,000 after buying an additional 227,280 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Tarena International during the first quarter valued at $1,430,000. GSA Capital Partners LLP bought a new position in shares of Tarena International during the second quarter valued at $821,000. Conning Inc. bought a new position in shares of Tarena International during the second quarter valued at $775,000. Finally, Fosun International Ltd bought a new position in shares of Tarena International during the second quarter valued at $772,000. Institutional investors and hedge funds own 28.28% of the company’s stock.
Shares of Tarena International Inc. (NASDAQ:TEDU) opened at 15.02 on Friday. Tarena International Inc. has a 52-week low of $8.35 and a 52-week high of $15.51. The stock has a market cap of $839.02 million, a price-to-earnings ratio of 28.50 and a beta of 1.40. The stock’s 50 day moving average is $14.18 and its 200 day moving average is $11.64.
Tarena International (NASDAQ:TEDU) last issued its earnings results on Monday, August 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. Tarena International had a net margin of 14.40% and a return on equity of 16.64%. The company earned $55.90 million during the quarter, compared to analysts’ expectations of $54.66 million. On average, equities analysts expect that Tarena International Inc. will post $0.77 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. TheStreet raised shares of Tarena International from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. Zacks Investment Research raised shares of Tarena International from a “sell” rating to a “hold” rating in a research report on Saturday, August 27th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $13.40 price target on shares of Tarena International in a research report on Tuesday, August 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.23.
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.
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