Wellington Management Group LLP decreased its position in shares of Tarena International, Inc. (NASDAQ:TEDU) by 41.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,349 shares of the business services provider’s stock after selling 34,441 shares during the period. Wellington Management Group LLP owned about 0.09% of Tarena International worth $922,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in TEDU. Alliancebernstein L.P. increased its stake in Tarena International by 70.8% in the first quarter. Alliancebernstein L.P. now owns 2,924,010 shares of the business services provider’s stock worth $54,621,000 after buying an additional 1,212,463 shares in the last quarter. Tiger Pacific Capital LP purchased a new stake in Tarena International during the first quarter worth about $7,884,000. Schroder Investment Management Group increased its stake in Tarena International by 52.3% in the first quarter. Schroder Investment Management Group now owns 1,029,065 shares of the business services provider’s stock worth $19,542,000 after buying an additional 353,405 shares in the last quarter. Victory Capital Management Inc. increased its stake in Tarena International by 1,396.3% in the first quarter. Victory Capital Management Inc. now owns 252,556 shares of the business services provider’s stock worth $4,718,000 after buying an additional 235,677 shares in the last quarter. Finally, EAM Investors LLC purchased a new stake in Tarena International during the first quarter worth about $2,136,000. Institutional investors and hedge funds own 35.19% of the company’s stock.
Tarena International, Inc. (NASDAQ:TEDU) opened at 18.81 on Thursday. Tarena International, Inc. has a 52 week low of $10.55 and a 52 week high of $21.70. The company has a market capitalization of $1.06 billion, a P/E ratio of 31.04 and a beta of 1.02. The company’s 50 day moving average price is $18.92 and its 200-day moving average price is $17.79.
Tarena International (NASDAQ:TEDU) last issued its quarterly earnings data on Monday, May 22nd. The business services provider reported ($0.06) EPS for the quarter. Tarena International had a net margin of 14.79% and a return on equity of 15.89%. The business had revenue of $48.30 million during the quarter. Equities research analysts expect that Tarena International, Inc. will post $0.97 earnings per share for the current year.
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A number of equities research analysts have issued reports on TEDU shares. Zacks Investment Research downgraded Tarena International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) downgraded Tarena International from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research note on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating on shares of Tarena International in a research note on Wednesday, May 24th. Finally, BidaskClub downgraded Tarena International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $20.63.
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.
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