California Public Employees Retirement System held its stake in shares of Tarena International Inc. (NASDAQ:TEDU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,000 shares of the company’s stock at the end of the second quarter. California Public Employees Retirement System owned approximately 0.20% of Tarena International worth $1,147,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Tarena International during the second quarter valued at $209,000. Conning Inc. purchased a new stake in shares of Tarena International during the second quarter valued at $775,000. Smith Asset Management Group LP purchased a new stake in shares of Tarena International during the second quarter valued at $117,000. RS Investment Management Co. LLC increased its stake in shares of Tarena International by 36.8% in the second quarter. RS Investment Management Co. LLC now owns 23,802 shares of the company’s stock valued at $246,000 after buying an additional 6,405 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Tarena International during the second quarter valued at $311,000. 28.28% of the stock is owned by institutional investors.
Tarena International Inc. (NASDAQ:TEDU) traded up 4.78% during midday trading on Friday, reaching $14.91. 221,136 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $14.38 and its 200-day moving average is $11.78. The stock has a market capitalization of $832.87 million, a price-to-earnings ratio of 28.29 and a beta of 1.40. Tarena International Inc. has a 12-month low of $8.35 and a 12-month high of $15.51.
Tarena International (NASDAQ:TEDU) last posted its earnings results on Monday, August 15th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. Tarena International had a net margin of 14.40% and a return on equity of 16.64%. The company earned $55.90 million during the quarter, compared to analysts’ expectations of $54.66 million. On average, equities analysts forecast that Tarena International Inc. will post $0.77 earnings per share for the current year.
Several brokerages recently weighed in on TEDU. Zacks Investment Research raised shares of Tarena International from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, September 20th. TheStreet downgraded shares of Tarena International from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $13.40 target price on shares of Tarena International in a research report on Tuesday, August 16th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $14.23.
About Tarena International
Tarena International, Inc (Tarena International) is a holding company. The Company, through its subsidiaries, provides professional education services, including professional information technology (IT) training courses and non-IT training courses across the People’s Republic of China (PRC). It operates through training segment.
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