Harvest Fund Management Co. Ltd Cuts Holdings in TAL Education Group (TAL)

Harvest Fund Management Co. Ltd cut its holdings in shares of TAL Education Group (NYSE:TAL) by 89.7% during the third quarter, HoldingsChannel.com reports. The firm owned 176,880 shares of the company’s stock after selling 1,532,708 shares during the quarter. TAL Education Group makes up 0.8% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 14th biggest position. Harvest Fund Management Co. Ltd’s holdings in TAL Education Group were worth $4,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Morgan Stanley lifted its position in TAL Education Group by 4.4% during the 2nd quarter. Morgan Stanley now owns 32,732,433 shares of the company’s stock valued at $1,204,554,000 after purchasing an additional 1,386,039 shares during the period. FMR LLC lifted its position in TAL Education Group by 123.7% during the 2nd quarter. FMR LLC now owns 8,831,042 shares of the company’s stock valued at $324,982,000 after purchasing an additional 4,882,800 shares during the period. BRILLIANCE ASSET MANAGEMENT Ltd lifted its position in TAL Education Group by 758.5% during the 3rd quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 3,746,140 shares of the company’s stock valued at $96,313,000 after purchasing an additional 3,309,806 shares during the period. TB Alternative Assets Ltd. lifted its position in TAL Education Group by 8.3% during the 3rd quarter. TB Alternative Assets Ltd. now owns 2,967,961 shares of the company’s stock valued at $76,306,000 after purchasing an additional 226,264 shares during the period. Finally, Yiheng Capital LLC lifted its position in TAL Education Group by 13.9% during the 2nd quarter. Yiheng Capital LLC now owns 2,870,304 shares of the company’s stock valued at $105,627,000 after purchasing an additional 350,000 shares during the period. Institutional investors own 61.00% of the company’s stock.

Shares of TAL stock opened at $27.59 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $13.64 billion, a PE ratio of 81.15 and a beta of 0.04. TAL Education Group has a one year low of $21.08 and a one year high of $47.63.



TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, October 25th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $699.78 million during the quarter. TAL Education Group had a return on equity of 17.17% and a net margin of 11.61%. As a group, sell-side analysts expect that TAL Education Group will post 0.46 earnings per share for the current fiscal year.

A number of research analysts have issued reports on TAL shares. Zacks Investment Research downgraded shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. JPMorgan Chase & Co. upped their price target on TAL Education Group from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. ValuEngine cut TAL Education Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 18th. Citigroup cut TAL Education Group from a “buy” rating to a “neutral” rating in a research note on Thursday, September 13th. Finally, TheStreet cut TAL Education Group from a “b-” rating to a “c+” rating in a research note on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $41.00.

TAL Education Group Profile

TAL Education Group, through its subsidiaries, 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.

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

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