Dalton Investments LLC decreased its position in shares of Tarena International Inc (NASDAQ:TEDU) by 16.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 654,752 shares of the business services provider’s stock after selling 133,583 shares during the quarter. Tarena International comprises 0.7% of Dalton Investments LLC’s holdings, making the stock its 25th largest holding. Dalton Investments LLC owned 1.18% of Tarena International worth $1,637,000 at the end of the most recent reporting period.
Separately, Davis Selected Advisers boosted its holdings in shares of Tarena International by 0.5% in the 2nd quarter. Davis Selected Advisers now owns 4,887,670 shares of the business services provider’s stock valued at $12,219,000 after buying an additional 24,758 shares during the last quarter. Institutional investors and hedge funds own 25.14% of the company’s stock.
TEDU opened at $1.29 on Friday. Tarena International Inc has a 1-year low of $0.91 and a 1-year high of $9.30. The stock’s fifty day simple moving average is $1.30 and its 200 day simple moving average is $3.49. The stock has a market cap of $72.41 million, a PE ratio of -0.82 and a beta of 0.61.
About Tarena International
Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes in the People's Republic of China. It offers education courses in 13 information technology (IT) subjects, such as Java, .NET, C++, software testing, embedded, PHP, Android, iOS, Linux and network engineering, Big Data, Web front-end development, VR/AR, and Python; and 3 non-IT subjects, including digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.
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