Van ECK Associates Corp Invests $29.19 Million in TAL Education Group (TAL)

Van ECK Associates Corp bought a new position in shares of TAL Education Group (NYSE:TAL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 238,640 shares of the company’s stock, valued at approximately $29,188,000. Van ECK Associates Corp owned 0.29% of TAL Education Group as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new position in shares of TAL Education Group during the 2nd quarter worth approximately $122,000. Oppenheimer Asset Management Inc. purchased a new position in shares of TAL Education Group during the 2nd quarter worth approximately $153,000. Brighton Jones LLC purchased a new position in shares of TAL Education Group during the 2nd quarter worth approximately $226,000. Greenleaf Trust purchased a new position in shares of TAL Education Group during the 2nd quarter worth approximately $229,000. Finally, Creative Planning purchased a new position in shares of TAL Education Group during the 2nd quarter worth approximately $257,000. Hedge funds and other institutional investors own 8.59% of the company’s stock.

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A number of research firms have weighed in on TAL. Zacks Investment Research downgraded TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Jefferies Group LLC upped their target price on TAL Education Group to $35.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Morgan Stanley began coverage on TAL Education Group in a report on Friday, August 25th. They set an “overweight” rating and a $37.00 target price on the stock. UBS AG began coverage on TAL Education Group in a report on Tuesday, August 1st. They set a “buy” rating on the stock. Finally, J P Morgan Chase & Co upped their target price on TAL Education Group to $31.67 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $25.76.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $321.90 million during the quarter, compared to the consensus estimate of $306.46 million. TAL Education Group had a net margin of 11.14% and a return on equity of 19.47%. The business’s revenue for the quarter was up 65.0% compared to the same quarter last year.

About TAL Education Group

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.

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

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