Tarena International (TEDU) Sets New 52-Week High and Low at $10.60

Tarena International Inc (NASDAQ:TEDU)’s share price hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $10.60 and last traded at $10.68, with a volume of 65516 shares changing hands. The stock had previously closed at $10.76.

Several equities analysts recently issued reports on the stock. Nomura reduced their price objective on shares of Tarena International from $17.50 to $13.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 13th. TheStreet downgraded shares of Tarena International from a “b-” rating to a “c+” rating in a research note on Wednesday, April 11th. Jefferies Group reaffirmed a “hold” rating and set a $12.35 price target on shares of Tarena International in a research note on Wednesday, March 7th. Zacks Investment Research downgraded shares of Tarena International from a “hold” rating to a “sell” rating in a research note on Wednesday, March 14th. Finally, BidaskClub downgraded shares of Tarena International from a “sell” rating to a “strong sell” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.97.

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The company has a market capitalization of $600.38, a price-to-earnings ratio of 23.22, a P/E/G ratio of 1.06 and a beta of 0.90.

Tarena International (NASDAQ:TEDU) last posted its quarterly earnings results on Monday, March 5th. The business services provider reported $0.19 earnings per share for the quarter. The company had revenue of $93.28 million for the quarter. Tarena International had a net margin of 9.47% and a return on equity of 11.79%. sell-side analysts expect that Tarena International Inc will post 0.48 EPS for the current year.

The firm also recently announced a dividend, which was paid on Wednesday, April 4th. Stockholders of record on Thursday, April 5th were paid a $0.12 dividend. The ex-dividend date was Wednesday, April 4th. Tarena International’s dividend payout ratio is presently 30.43%.

Several hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. raised its stake in shares of Tarena International by 31.4% in the 4th quarter. Macquarie Group Ltd. now owns 2,046,575 shares of the business services provider’s stock valued at $27,388,000 after acquiring an additional 489,475 shares during the period. Schroder Investment Management Group raised its stake in shares of Tarena International by 24.7% in the 4th quarter. Schroder Investment Management Group now owns 1,723,695 shares of the business services provider’s stock valued at $25,838,000 after acquiring an additional 341,787 shares during the period. BlackRock Inc. raised its stake in shares of Tarena International by 4.9% in the 4th quarter. BlackRock Inc. now owns 561,606 shares of the business services provider’s stock valued at $8,419,000 after acquiring an additional 26,016 shares during the period. Copper Rock Capital Partners LLC raised its stake in shares of Tarena International by 25.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 383,576 shares of the business services provider’s stock valued at $5,589,000 after acquiring an additional 78,163 shares during the period. Finally, Matthews International Capital Management LLC raised its stake in shares of Tarena International by 3.6% in the 4th quarter. Matthews International Capital Management LLC now owns 264,200 shares of the business services provider’s stock valued at $3,960,000 after acquiring an additional 9,300 shares during the period. 37.29% of the stock is currently owned by institutional investors and hedge funds.

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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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