KKR & COMPANY . L.P.
stated that they own 11.9% of Tarena International, Inc. (NASDAQ:TEDU) in a Form 13D/A disclosure that was filed with the SEC on Thursday, October 12th. The investor owns 6,826,263 shares of the stock valued at approximately $99,526,915. The reporting parties listed on the disclosure included Talent Fortune Investment Limited, Talent Fortune Holdings Limited, KKR China Growth Fund LP, KKR Associates China Growth LP, KKR China Growth Limited, KKR Fund Holdings LP, KKR Fund Holdings GP Limited, KKR Group Holdings LP, KKR Group Limited, KKR & Co LP, KKR Management LLC, Henry R Kravis and George R Roberts. The disclosure is available through Edgar at this link.
Other large investors also recently bought and sold shares of the company. Westpac Banking Corp bought a new position in shares of Tarena International in the 1st quarter worth $235,000. UBS Group AG boosted its position in shares of Tarena International by 137.2% in the 1st quarter. UBS Group AG now owns 6,553 shares of the business services provider’s stock worth $122,000 after purchasing an additional 3,790 shares during the last quarter. Dupont Capital Management Corp boosted its position in shares of Tarena International by 23.7% in the 2nd quarter. Dupont Capital Management Corp now owns 9,897 shares of the business services provider’s stock worth $177,000 after purchasing an additional 1,897 shares during the last quarter. KCG Holdings Inc. bought a new position in shares of Tarena International in the 1st quarter worth $266,000. Finally, Citadel Advisors LLC bought a new position in shares of Tarena International in the 1st quarter worth $268,000. Institutional investors and hedge funds own 36.63% of the company’s stock.
Shares of Tarena International, Inc. (TEDU) traded down 1.44% during mid-day trading on Thursday, reaching $14.37. The company had a trading volume of 32,694 shares. The stock has a 50 day moving average of $14.22 and a 200-day moving average of $17.55. The firm has a market capitalization of $826.09 million, a price-to-earnings ratio of 23.67 and a beta of 1.07. Tarena International, Inc. has a one year low of $12.52 and a one year high of $21.70.
Tarena International (NASDAQ:TEDU) last issued its quarterly earnings results on Monday, August 21st. The business services provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.07). The firm had revenue of $66.43 million for the quarter. Tarena International had a net margin of 13.74% and a return on equity of 15.30%. Equities analysts predict that Tarena International, Inc. will post $0.81 EPS for the current year.
Tarena International announced that its Board of Directors has approved a share buyback plan on Monday, August 21st that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
Several research firms have recently issued reports on TEDU. BidaskClub lowered Tarena International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered Tarena International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Jefferies Group LLC restated a “buy” rating and issued a $21.50 price target on shares of Tarena International in a research report on Thursday, July 27th. Instinet lowered Tarena International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $22.50 to $19.50 in a research report on Tuesday, August 22nd. Finally, Nomura restated a “neutral” rating on shares of Tarena International in a research report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Tarena International currently has an average rating of “Hold” and an average target price of $20.10.
Tarena International 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.
Want to see what other hedge funds are holding TEDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tarena International, Inc. (NASDAQ:TEDU).
Receive News & Ratings for Tarena International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tarena International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.