TAL Education Group (TAL) Position Raised by Baldwin Investment Management LLC

Baldwin Investment Management LLC increased its holdings in shares of TAL Education Group (NYSE:TAL) by 500.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,660 shares of the company’s stock after purchasing an additional 25,555 shares during the period. Baldwin Investment Management LLC’s holdings in TAL Education Group were worth $1,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its holdings in shares of TAL Education Group by 530.5% in the third quarter. Baillie Gifford & Co. now owns 23,724,100 shares of the company’s stock valued at $799,739,000 after purchasing an additional 19,961,398 shares in the last quarter. Greenwoods Asset Management Ltd lifted its holdings in shares of TAL Education Group by 474.7% in the third quarter. Greenwoods Asset Management Ltd now owns 6,626,686 shares of the company’s stock valued at $223,386,000 after purchasing an additional 5,473,555 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of TAL Education Group by 501.8% in the third quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock valued at $162,358,000 after purchasing an additional 4,015,962 shares in the last quarter. Thornburg Investment Management Inc. lifted its holdings in shares of TAL Education Group by 1,386.4% in the third quarter. Thornburg Investment Management Inc. now owns 3,353,831 shares of the company’s stock valued at $113,058,000 after purchasing an additional 3,128,201 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of TAL Education Group by 1,096.6% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,530,746 shares of the company’s stock valued at $85,311,000 after purchasing an additional 2,319,259 shares in the last quarter. 51.34% of the stock is owned by institutional investors and hedge funds.

Shares of TAL Education Group (TAL) traded up $0.11 during midday trading on Monday, hitting $27.99. The stock had a trading volume of 2,614,300 shares, compared to its average volume of 3,989,956. The stock has a market capitalization of $13,683.25, a PE ratio of 116.63, a PEG ratio of 1.30 and a beta of 0.19. TAL Education Group has a one year low of $11.02 and a one year high of $36.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 1.14.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The company had revenue of $455.80 million during the quarter, compared to analysts’ expectations of $441.18 million. The company’s revenue was up 68.1% compared to the same quarter last year. analysts predict that TAL Education Group will post 0.37 EPS for the current fiscal year.

A number of analysts recently commented on TAL shares. Macquarie lowered TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. Jefferies Group lifted their price target on TAL Education Group to $35.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research lowered TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Bank of America restated a “buy” rating and issued a $40.30 target price (up from $29.10) on shares of TAL Education Group in a research note on Monday, September 25th. Finally, Morgan Stanley started coverage on TAL Education Group in a research note on Friday, August 25th. They issued an “overweight” rating and a $37.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. TAL Education Group has an average rating of “Buy” and an average price target of $31.16.

TRADEMARK VIOLATION NOTICE: “TAL Education Group (TAL) Position Raised by Baldwin Investment Management LLC” was posted by Week Herald and is the property of of Week Herald. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://weekherald.com/2017/12/04/tal-education-group-tal-position-raised-by-baldwin-investment-management-llc.html.

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.

Want to see what other hedge funds are holding TAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TAL Education Group (NYSE:TAL).

Institutional Ownership by Quarter for TAL Education Group (NYSE:TAL)

Receive News & Ratings for TAL Education Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAL Education Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply