Tarena International, Inc. (TEDU) Shares Bought by Nordea Investment Management AB
Nordea Investment Management AB boosted its position in shares of Tarena International, Inc. (NASDAQ:TEDU) by 26.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,863 shares of the business services provider’s stock after purchasing an additional 26,830 shares during the quarter. Nordea Investment Management AB owned about 0.23% of Tarena International worth $2,326,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TEDU. UBS Group AG raised its position in Tarena International by 137.2% during the 1st quarter. UBS Group AG now owns 6,553 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 3,790 shares in the last quarter. Dupont Capital Management Corp lifted its holdings 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 buying an additional 1,897 shares during the period. Westpac Banking Corp purchased a new stake in shares of Tarena International in the 1st quarter worth $235,000. KCG Holdings Inc. purchased a new stake in shares of Tarena International in the 1st quarter worth $266,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Tarena International in the 1st quarter worth $268,000. Institutional investors own 36.63% of the company’s stock.
Tarena International, Inc. (NASDAQ TEDU) opened at 14.55 on Monday. Tarena International, Inc. has a 52 week low of $14.49 and a 52 week high of $14.65.
Tarena International (NASDAQ:TEDU) last released its quarterly earnings results on Monday, August 21st. The business services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). Tarena International had a return on equity of 15.30% and a net margin of 13.74%. The firm had revenue of $66.43 million for the quarter. On average, analysts anticipate that Tarena International, Inc. will post $0.82 EPS for the current year.
Tarena International declared that its Board of Directors has approved a share repurchase plan on Monday, August 21st that permits the company to buyback $30.00 million in shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Tarena International from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. BidaskClub lowered Tarena International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and issued a $21.50 price objective on shares of Tarena International in a report on Thursday, July 27th. Instinet downgraded Tarena International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $22.50 to $19.50 in a report on Tuesday, August 22nd. Finally, Nomura reaffirmed a “neutral” rating on shares of Tarena International in a research note on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Tarena International presently has an average rating of “Hold” and a consensus target price of $20.25.
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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.
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