Teacher Retirement System of Texas Reduces Stake in TAL Education Group (TAL)

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Teacher Retirement System of Texas lowered its stake in shares of TAL Education Group (NYSE:TAL) by 61.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,540 shares of the company’s stock after selling 100,054 shares during the period. Teacher Retirement System of Texas’ holdings in TAL Education Group were worth $2,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TAL. Jump Trading LLC purchased a new stake in TAL Education Group in the 4th quarter worth approximately $433,000. Brookstone Capital Management lifted its stake in TAL Education Group by 20.5% in the 1st quarter. Brookstone Capital Management now owns 11,433 shares of the company’s stock worth $413,000 after purchasing an additional 1,948 shares in the last quarter. Legal & General Group Plc lifted its stake in TAL Education Group by 26.8% in the 4th quarter. Legal & General Group Plc now owns 2,057,903 shares of the company’s stock worth $54,905,000 after purchasing an additional 435,420 shares in the last quarter. BlackRock Inc. lifted its stake in TAL Education Group by 4.0% in the 4th quarter. BlackRock Inc. now owns 16,238,836 shares of the company’s stock worth $433,253,000 after purchasing an additional 629,229 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in TAL Education Group by 9.4% in the 4th quarter. American Century Companies Inc. now owns 1,227,094 shares of the company’s stock worth $32,739,000 after purchasing an additional 105,355 shares in the last quarter. Hedge funds and other institutional investors own 58.71% of the company’s stock.

TAL has been the topic of several recent analyst reports. TheStreet upgraded shares of TAL Education Group from a “c+” rating to a “b-” rating in a research note on Friday, January 25th. Zacks Investment Research upgraded shares of TAL Education Group from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Tuesday, January 29th. ValuEngine upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Morgan Stanley upgraded shares of TAL Education Group from an “equal weight” rating to an “overweight” rating and set a $34.90 target price on the stock in a research note on Monday, March 25th. Finally, Macquarie lowered shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $40.32.

Shares of NYSE:TAL traded down $0.56 during trading on Tuesday, reaching $34.00. The company had a trading volume of 110,996 shares, compared to its average volume of 3,848,551. The firm has a market capitalization of $19.98 billion, a price-to-earnings ratio of 56.64 and a beta of 0.13. TAL Education Group has a 12 month low of $21.08 and a 12 month high of $47.63.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.06. The firm had revenue of $726.60 million for the quarter, compared to analyst estimates of $685.64 million. TAL Education Group had a net margin of 14.33% and a return on equity of 18.28%. The business’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 EPS. As a group, research analysts forecast that TAL Education Group will post 0.7 earnings per share for the current fiscal year.

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TAL Education Group Profile

TAL Education Group 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. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.

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

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