Hillhouse Capital Management Ltd. Purchases Shares of 598,920 TAL Education Group (TAL)
Hillhouse Capital Management Ltd. purchased a new position in shares of TAL Education Group (NYSE:TAL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 598,920 shares of the company’s stock, valued at approximately $73,254,000. TAL Education Group accounts for approximately 1.1% of Hillhouse Capital Management Ltd.’s investment portfolio, making the stock its 16th largest position. Hillhouse Capital Management Ltd. owned 0.73% of TAL Education Group as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Penserra Capital Management LLC acquired a new stake in TAL Education Group in the 2nd quarter valued at $122,000. Oppenheimer Asset Management Inc. purchased a new position in TAL Education Group in the second quarter valued at about $153,000. QS Investors LLC purchased a new position in TAL Education Group in the second quarter valued at about $208,000. Brighton Jones LLC purchased a new position in TAL Education Group in the second quarter valued at about $226,000. Finally, Greenleaf Trust purchased a new position in TAL Education Group in the second quarter valued at about $229,000. 8.59% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on TAL. Citigroup Inc. began coverage on TAL Education Group in a research report on Tuesday, July 18th. They issued a “neutral” rating and a $25.00 target price for the company. Macquarie initiated coverage on TAL Education Group in a report on Thursday, June 29th. They set an “outperform” rating and a $27.50 target price on the stock. UBS AG initiated coverage on TAL Education Group in a report on Tuesday, August 1st. They set a “buy” rating on the stock. J P Morgan Chase & Co raised their target price on TAL Education Group to $31.67 and gave the company an “overweight” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research lowered TAL Education Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. TAL Education Group currently has an average rating of “Buy” and a consensus price target of $27.21.
Shares of TAL Education Group (TAL) traded up 0.32% on Wednesday, reaching $34.30. The company had a trading volume of 1,057,070 shares. The firm has a market capitalization of $16.95 billion, a PE ratio of 141.15 and a beta of 0.26. The company has a 50-day moving average price of $31.49 and a 200-day moving average price of $23.57. TAL Education Group has a 52-week low of $11.02 and a 52-week high of $34.87.
TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business 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%. TAL Education Group’s quarterly revenue was up 65.0% on a year-over-year basis. Equities research analysts forecast that TAL Education Group will post $0.34 EPS for the current fiscal 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.
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