Bamco Inc. NY Has $89.32 Million Position in TAL Education Group (TAL)

Bamco Inc. NY increased its stake in shares of TAL Education Group (NYSE:TAL) by 406.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,649,724 shares of the company’s stock after buying an additional 2,126,332 shares during the quarter. Bamco Inc. NY owned 0.54% of TAL Education Group worth $89,322,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. World Asset Management Inc raised its position in TAL Education Group by 502.6% in the 3rd quarter. World Asset Management Inc now owns 16,216 shares of the company’s stock valued at $547,000 after purchasing an additional 13,525 shares during the last quarter. Macquarie Group Ltd. bought a new position in TAL Education Group in the 2nd quarter valued at $503,000. Candriam Luxembourg S.C.A. raised its position in TAL Education Group by 587.6% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 737,800 shares of the company’s stock valued at $24,871,000 after purchasing an additional 630,500 shares during the last quarter. Legal & General Group Plc bought a new position in TAL Education Group in the 2nd quarter valued at $11,312,000. Finally, Swiss National Bank bought a new position in TAL Education Group in the 2nd quarter valued at $12,180,000. Institutional investors and hedge funds own 51.34% of the company’s stock.

TAL Education Group (TAL) traded up $1.28 during midday trading on Tuesday, hitting $30.32. The stock had a trading volume of 6,227,000 shares, compared to its average volume of 4,012,958. The firm has a market cap of $14,196.55, a PE ratio of 121.00, a P/E/G ratio of 1.35 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 current ratio of 1.14 and a quick ratio of 1.14.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 26th. The company reported $0.10 EPS 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 firm had revenue of $455.80 million during the quarter, compared to analyst estimates of $441.18 million. TAL Education Group’s quarterly revenue was up 68.1% on a year-over-year basis. equities research analysts forecast that TAL Education Group will post 0.37 earnings per share for the current year.

Several brokerages have issued reports on TAL. ValuEngine downgraded TAL Education Group from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research cut TAL Education Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Jefferies Group lifted their target price on TAL Education Group to $35.00 and gave the company a “buy” rating in a research note on Monday, August 28th. Macquarie cut TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th. Finally, Bank of America reissued 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $31.16.

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TAL Education Group 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.

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

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