Bank of Montreal Can acquired a new position in TAL Education Group (NYSE:XRS) during the second quarter, Holdings Channel reports. The firm acquired 91,480 shares of the company’s stock, valued at approximately $5,677,000.
Several other large investors also recently modified their holdings of XRS. Wealthsource Partners LLC bought a new stake in shares of TAL Education Group during the first quarter worth approximately $262,000. Royal Bank of Canada raised its stake in shares of TAL Education Group by 1.2% in the first quarter. Royal Bank of Canada now owns 9,417 shares of the company’s stock worth $469,000 after buying an additional 115 shares during the last quarter. British Columbia Investment Management Corp raised its stake in shares of TAL Education Group by 120.9% in the second quarter. British Columbia Investment Management Corp now owns 9,500 shares of the company’s stock worth $590,000 after buying an additional 5,200 shares during the last quarter. Geode Capital Management LLC raised its stake 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 during the last quarter. Finally, Sarasin & Partners LLP bought a new stake in shares of TAL Education Group during the second quarter worth approximately $797,000. Institutional investors and hedge funds own 50.74% of the company’s stock.
Shares of TAL Education Group (NYSE:XRS) traded down 1.14% on Tuesday, hitting $70.49. 281,546 shares of the stock were exchanged. TAL Education Group has a 1-year low of $33.87 and a 1-year high of $72.28. The stock’s 50-day moving average is $66.18 and its 200-day moving average is $59.34. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 61.03 and a beta of 0.43.
TAL Education Group (NYSE:XRS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.04. TAL Education Group had a net margin of 14.17% and a return on equity of 21.29%. The firm earned $195.10 million during the quarter, compared to the consensus estimate of $184.06 million. During the same period in the prior year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 50.8% compared to the same quarter last year. Analysts forecast that TAL Education Group will post $1.46 earnings per share for the current year.
A number of equities research analysts recently commented on the stock. Brean Capital restated a “buy” rating on shares of TAL Education Group in a report on Tuesday, September 6th. Jefferies Group lowered shares of TAL Education Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $56.00 to $64.50 in a research note on Friday, July 8th. Daiwa Capital Markets began coverage on shares of TAL Education Group in a research note on Monday. They issued a “buy” rating on the stock. Credit Suisse Group AG reiterated a “hold” rating and issued a $62.00 price target on shares of TAL Education Group in a research note on Monday, June 27th. Finally, Credit Agricole SA lowered shares of TAL Education Group from an “outperform” rating to an “underperform” rating in a research note on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.50.
TAL Education Group Company 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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