William Blair Investment Management LLC Acquires 530,110 Shares of TAL Education Group (NYSE:TAL)

William Blair Investment Management LLC raised its stake in shares of TAL Education Group (NYSE:TAL) by 58.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,443,472 shares of the company’s stock after acquiring an additional 530,110 shares during the quarter. William Blair Investment Management LLC owned approximately 0.25% of TAL Education Group worth $52,077,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its position in TAL Education Group by 19.6% in the first quarter. BlackRock Inc. now owns 19,426,884 shares of the company’s stock worth $700,920,000 after purchasing an additional 3,188,048 shares during the period. Hillhouse Capital Advisors Ltd. acquired a new position in shares of TAL Education Group during the 4th quarter worth about $199,452,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of TAL Education Group by 3.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,873,923 shares of the company’s stock worth $156,716,000 after buying an additional 198,794 shares during the period. Yiheng Capital LLC grew its position in shares of TAL Education Group by 35.9% during the 4th quarter. Yiheng Capital LLC now owns 4,455,884 shares of the company’s stock worth $118,883,000 after buying an additional 1,176,935 shares during the period. Finally, Norges Bank acquired a new position in shares of TAL Education Group during the 4th quarter worth about $90,314,000. 60.06% of the stock is owned by institutional investors.

TAL has been the subject of several analyst reports. Zacks Investment Research lowered TAL Education Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 1st. ValuEngine upgraded TAL Education Group from a “sell” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group cut TAL Education Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $37.00 to $33.00 in a report on Friday, April 26th. Macquarie cut TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, April 12th. Finally, Daiwa Capital Markets upgraded TAL Education Group from a “neutral” rating to an “outperform” rating in a report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $40.32.

NYSE TAL traded up $0.01 during trading on Friday, hitting $38.10. The stock had a trading volume of 1,655,100 shares, compared to its average volume of 3,593,134. The firm has a market cap of $21.26 billion, a P/E ratio of 62.46 and a beta of 0.28. The company has a 50-day moving average price of $35.74. TAL Education Group has a 12 month low of $21.08 and a 12 month high of $41.60.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, April 25th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The firm had revenue of $726.60 million for the quarter, compared to analysts’ expectations of $685.64 million. TAL Education Group had a return on equity of 18.28% and a net margin of 14.33%. The business’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. On average, equities research analysts predict that TAL Education Group will post 0.69 earnings per share for the current fiscal year.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.

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

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