Teacher Retirement System of Texas lessened its position in shares of TAL Education Group (NYSE:TAL) by 17.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,136 shares of the company’s stock after selling 6,093 shares during the quarter. Teacher Retirement System of Texas’ holdings in TAL Education Group were worth $866,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in shares of TAL Education Group by 531.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,909 shares of the company’s stock valued at $166,000 after purchasing an additional 4,131 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of TAL Education Group in the 3rd quarter valued at approximately $215,000. Apriem Advisors bought a new stake in shares of TAL Education Group in the 3rd quarter valued at approximately $216,000. BB&T Securities LLC bought a new stake in shares of TAL Education Group in the 3rd quarter valued at approximately $267,000. Finally, Mackenzie Financial Corp bought a new stake in shares of TAL Education Group in the 3rd quarter valued at approximately $272,000. Institutional investors and hedge funds own 55.65% of the company’s stock.
Shares of TAL Education Group (TAL) opened at $36.07 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $18,020.00, a price-to-earnings ratio of 124.38 and a beta of 0.28. TAL Education Group has a 1 year low of $14.94 and a 1 year high of $39.28.
Several research firms have recently issued reports on TAL. ValuEngine lowered TAL Education Group from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Zacks Investment Research raised TAL Education Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Deutsche Bank began coverage on TAL Education Group in a research note on Thursday, January 4th. They issued a “buy” rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. TAL Education Group currently has a consensus rating of “Buy” and an average target price of $31.55.
TAL Education Group Profile
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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