Tarena International Inc (NASDAQ:TEDU) Holdings Lifted by Nordea Investment Management AB

Nordea Investment Management AB grew its position in Tarena International Inc (NASDAQ:TEDU) by 17.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,105 shares of the business services provider’s stock after purchasing an additional 22,242 shares during the period. Nordea Investment Management AB owned about 0.30% of Tarena International worth $2,213,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Schroder Investment Management Group lifted its position in Tarena International by 16.3% during the 2nd quarter. Schroder Investment Management Group now owns 1,196,390 shares of the business services provider’s stock worth $21,523,000 after buying an additional 167,325 shares in the last quarter. Davis Selected Advisers acquired a new position in Tarena International during the 2nd quarter valued at about $14,212,000. Dimensional Fund Advisors LP lifted its position in Tarena International by 197.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 261,547 shares of the business services provider’s stock valued at $4,887,000 after purchasing an additional 173,547 shares during the period. Bank of New York Mellon Corp lifted its position in Tarena International by 391.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 219,507 shares of the business services provider’s stock valued at $3,193,000 after purchasing an additional 174,842 shares during the period. Finally, State Street Corp lifted its position in Tarena International by 7.2% during the 2nd quarter. State Street Corp now owns 132,221 shares of the business services provider’s stock valued at $2,368,000 after purchasing an additional 8,924 shares during the period. Institutional investors own 34.26% of the company’s stock.

A number of analysts have recently commented on TEDU shares. Zacks Investment Research raised Tarena International from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. BidaskClub raised shares of Tarena International from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Finally, Jefferies Group cut shares of Tarena International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $20.13.

Tarena International Inc (TEDU) traded up $0.42 during midday trading on Friday, hitting $14.99. The stock had a trading volume of 198,444 shares, compared to its average volume of 272,427. The firm has a market cap of $852.40, a P/E ratio of 27.76, a PEG ratio of 2.24 and a beta of 0.98. Tarena International Inc has a 12 month low of $12.52 and a 12 month high of $21.70.

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Tarena International Company Profile

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.

Institutional Ownership by Quarter for Tarena International (NASDAQ:TEDU)

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