Nordea Investment Management AB raised its position in shares of TAL Education Group (NYSE:XRS) by 38.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 141,838 shares of the company’s stock after buying an additional 39,137 shares during the period. Nordea Investment Management AB’s holdings in TAL Education Group were worth $8,802,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sensato Investors LLC increased its position in shares of TAL Education Group by 52.7% in the first quarter. Sensato Investors LLC now owns 56,818 shares of the company’s stock worth $2,823,000 after buying an additional 19,618 shares in the last quarter. Wealthsource Partners LLC acquired a new position in shares of TAL Education Group during the first quarter worth about $262,000. NINE MASTS CAPITAL Ltd acquired a new position in shares of TAL Education Group during the first quarter worth about $954,000. Nuveen Asset Management LLC acquired a new position in shares of TAL Education Group during the first quarter worth about $3,671,000. Finally, 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. Institutional investors own 50.74% of the company’s stock.
Shares of TAL Education Group (NYSE:XRS) traded down 1.52% during trading on Monday, reaching $71.15. 405,104 shares of the company were exchanged. The company’s 50-day moving average is $67.15 and its 200 day moving average is $59.76. TAL Education Group has a 1-year low of $35.53 and a 1-year high of $73.23. The firm has a market capitalization of $5.75 billion, a PE ratio of 61.60 and a beta of 0.43.
TAL Education Group (NYSE:XRS) last issued its earnings results on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.04. The company had revenue of $195.10 million for the quarter, compared to analysts’ expectations of $184.06 million. TAL Education Group had a return on equity of 21.29% and a net margin of 14.17%. The business’s revenue was up 50.8% compared to the same quarter last year. During the same period last year, the business posted $0.28 earnings per share. Equities research analysts expect that TAL Education Group will post $1.46 EPS for the current fiscal year.
Several analysts have weighed in on XRS shares. Zacks Investment Research raised TAL Education Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Daiwa Capital Markets started coverage on TAL Education Group in a research report on Monday, October 10th. They set a “buy” rating on the stock. Credit Agricole SA cut TAL Education Group from an “outperform” rating to an “underperform” rating in a research report on Wednesday, July 27th. Brean Capital started coverage on TAL Education Group in a research report on Wednesday, July 27th. They set a “buy” rating and a $72.00 price objective on the stock. Finally, Jefferies Group cut TAL Education Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $56.00 to $64.50 in a research report on Friday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. TAL Education Group currently has a consensus rating of “Buy” 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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