Tarena International, Inc. (TEDU) Trading Down 15.9%

Shares of Tarena International, Inc. (NASDAQ:TEDU) traded down 15.9% during trading on Tuesday . The stock traded as low as $13.11 and last traded at $13.36. 1,762,869 shares were traded during trading, an increase of 492% from the average session volume of 297,864 shares. The stock had previously closed at $15.89.

Several analysts have commented on the stock. Jefferies Group LLC downgraded shares of Tarena International from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Tarena International from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Numis Securities Ltd downgraded shares of Tarena International from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $20.50 to $19.50 in a report on Tuesday, August 22nd. BidaskClub downgraded shares of Tarena International from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Finally, Nomura restated a “neutral” rating on shares of Tarena International in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Tarena International currently has an average rating of “Hold” and an average target price of $20.10.

The firm has a market capitalization of $768.03, a price-to-earnings ratio of 25.69, a PEG ratio of 0.69 and a beta of 1.06.

Tarena International (NASDAQ:TEDU) last posted its quarterly earnings data on Monday, August 21st. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.07). The business had revenue of $66.43 million during the quarter. Tarena International had a net margin of 11.77% and a return on equity of 13.56%. sell-side analysts predict that Tarena International, Inc. will post 0.72 earnings per share for the current year.

Tarena International declared that its Board of Directors has authorized a share buyback program 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 repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Davis Selected Advisers increased its holdings in Tarena International by 209.9% during the third quarter. Davis Selected Advisers now owns 2,458,979 shares of the business services provider’s stock worth $35,778,000 after buying an additional 1,665,477 shares during the last quarter. Schroder Investment Management Group boosted its position in Tarena International by 15.5% during the third quarter. Schroder Investment Management Group now owns 1,381,908 shares of the business services provider’s stock worth $20,011,000 after purchasing an additional 185,518 shares during the period. Greenwoods Asset Management Ltd boosted its position in Tarena International by 35.5% during the third quarter. Greenwoods Asset Management Ltd now owns 1,072,375 shares of the business services provider’s stock worth $15,603,000 after purchasing an additional 280,718 shares during the period. Dimensional Fund Advisors LP boosted its position in Tarena International by 197.2% during the first quarter. Dimensional Fund Advisors LP now owns 261,547 shares of the business services provider’s stock worth $4,887,000 after purchasing an additional 173,547 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Tarena International by 391.5% during the third quarter. Bank of New York Mellon Corp now owns 219,507 shares of the business services provider’s stock worth $3,193,000 after purchasing an additional 174,842 shares during the period. Institutional investors and hedge funds own 33.10% of the company’s stock.

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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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