Bharti Global Ltd
recently stated that they own 10.6% of TAL Education Group (NYSE:TAL) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, September 8th. The investor owns 7,877,590 shares of the stock worth about $261,220,884. The reporting parties listed on the disclosure included Bharti Global Limited and Bharti Overseas Private Limited. The filing is available through Edgar at this hyperlink.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Oppenheimer Asset Management Inc. bought a new position in shares of TAL Education Group in the 2nd quarter worth about $153,000. Tower Research Capital LLC TRC bought a new position in shares of TAL Education Group during the second quarter valued at approximately $154,000. QS Investors LLC purchased a new position in shares of TAL Education Group during the second quarter valued at approximately $208,000. Brighton Jones LLC bought a new stake in shares of TAL Education Group in the 2nd quarter worth approximately $226,000. Finally, Greenleaf Trust bought a new position in TAL Education Group during the 2nd quarter valued at approximately $229,000. Institutional investors and hedge funds own 8.59% of the company’s stock.
TAL has been the topic of a number of analyst reports. UBS AG started coverage on shares of TAL Education Group in a research note on Tuesday, August 1st. They issued a “buy” rating on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $29.33 price objective on shares of TAL Education Group in a research report on Monday, July 31st. Macquarie assumed coverage on TAL Education Group in a research note on Thursday, June 29th. They issued an “outperform” rating and a $27.50 price target for the company. Citigroup Inc. began coverage on TAL Education Group in a report on Tuesday, July 18th. They issued a “neutral” rating and a $25.00 price objective for the company. Finally, J P Morgan Chase & Co raised their price target on shares of TAL Education Group to $31.67 and gave the company an “overweight” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. TAL Education Group presently has a consensus rating of “Buy” and an average target price of $25.76.
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TAL Education Group (TAL) opened at 33.16 on Friday. The stock has a market capitalization of $16.39 billion, a P/E ratio of 136.46 and a beta of 0.26. TAL Education Group has a 12 month low of $11.02 and a 12 month high of $34.19. The stock has a 50 day moving average price of $29.83 and a 200 day moving average price of $22.29.
TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The company had revenue of $321.90 million during the quarter, compared to analysts’ expectations of $306.46 million. TAL Education Group’s revenue for the quarter was up 65.0% on a year-over-year basis. Equities analysts predict that TAL Education Group will post $0.33 EPS for the current fiscal year.
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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