Sit Investment Associates Inc. boosted its position in TAL Education Group (NYSE:XRS) by 6.3% during the second quarter, Holdings Channel reports. The firm owned 8,375 shares of the company’s stock after buying an additional 500 shares during the period. Sit Investment Associates Inc.’s holdings in TAL Education Group were worth $520,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of XRS. Royal Bank of Canada boosted its stake in 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 period. BlackRock Japan Co. Ltd boosted its stake in TAL Education Group by 0.6% in the first quarter. BlackRock Japan Co. Ltd now owns 26,760 shares of the company’s stock worth $1,329,000 after buying an additional 153 shares during the period. Geode Capital Management LLC boosted its stake in 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 period. British Columbia Investment Management Corp boosted its stake in 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 period. Finally, Wealthsource Partners LLC purchased a new stake in TAL Education Group during the first quarter worth approximately $262,000. Institutional investors and hedge funds own 50.74% of the company’s stock.
Shares of TAL Education Group (NYSE:XRS) traded down 0.259% during midday trading on Thursday, hitting $71.195. The stock had a trading volume of 264,829 shares. TAL Education Group has a one year low of $34.73 and a one year high of $72.28. The firm has a 50 day moving average of $66.58 and a 200-day moving average of $59.51. The company has a market cap of $5.76 billion, a P/E ratio of 61.641 and a beta of 0.43.
TAL Education Group (NYSE:XRS) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.04. The business had revenue of $195.10 million for the quarter, compared to analyst estimates of $184.06 million. TAL Education Group had a return on equity of 21.29% and a net margin of 14.17%. TAL Education Group’s revenue was up 50.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. On average, analysts forecast that TAL Education Group will post $1.46 earnings per share for the current fiscal year.
Several brokerages recently issued reports on XRS. Daiwa Capital Markets began coverage on TAL Education Group in a research report on Monday. They issued a “buy” rating on the stock. Jefferies Group cut TAL Education Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $56.00 to $64.50 in a research report on Friday, July 8th. Credit Agricole SA cut TAL Education Group from an “outperform” rating to an “underperform” rating in a research report on Wednesday, July 27th. Brean Capital began coverage on TAL Education Group in a research report on Wednesday, July 27th. They issued a “buy” rating and a $72.00 price target on the stock. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $62.00 price target on shares of TAL Education Group in a research report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price 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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