Cambridge Investment Research Advisors Inc. purchased a new stake in shares of TAL Education (NYSE:TAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,233 shares of the company’s stock, valued at approximately $304,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in TAL Education by 404.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 24,760 shares of the company’s stock worth $735,000 after acquiring an additional 19,851 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of TAL Education by 42.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,700 shares of the company’s stock valued at $2,695,000 after purchasing an additional 27,200 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of TAL Education by 150.4% during the 4th quarter. Glenmede Trust Co. NA now owns 13,765 shares of the company’s stock valued at $408,000 after purchasing an additional 8,268 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of TAL Education by 9.9% during the 4th quarter. Macquarie Group Ltd. now owns 35,502 shares of the company’s stock valued at $1,040,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Zeke Capital Advisors LLC increased its position in shares of TAL Education by 112.0% during the 4th quarter. Zeke Capital Advisors LLC now owns 21,198 shares of the company’s stock valued at $630,000 after purchasing an additional 11,198 shares during the last quarter. 55.80% of the stock is currently owned by hedge funds and other institutional investors.
NYSE TAL opened at $35.70 on Tuesday. The firm has a market cap of $18,048.78, a P/E ratio of 130.31 and a beta of 0.34. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.25. TAL Education has a fifty-two week low of $18.51 and a fifty-two week high of $41.75.
Several research firms have weighed in on TAL. Zacks Investment Research upgraded TAL Education from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Deutsche Bank began coverage on TAL Education in a research note on Thursday, January 4th. They issued a “buy” rating and a $35.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.55.
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TAL Education Profile
TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
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