Lazard Asset Management LLC Lowers Position in Tarena International, Inc. (TEDU)

Lazard Asset Management LLC cut its position in Tarena International, Inc. (NASDAQ:TEDU) by 24.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 488,464 shares of the business services provider’s stock after selling 155,236 shares during the period. Lazard Asset Management LLC’s holdings in Tarena International were worth $9,124,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. boosted its position in shares of Tarena International by 70.8% in the first quarter. Alliancebernstein L.P. now owns 2,924,010 shares of the business services provider’s stock worth $54,621,000 after buying an additional 1,212,463 shares during the last quarter. Tiger Pacific Capital LP bought a new position in shares of Tarena International during the first quarter worth about $7,884,000. William Blair Investment Management LLC boosted its position in shares of Tarena International by 50.7% in the fourth quarter. William Blair Investment Management LLC now owns 1,093,404 shares of the business services provider’s stock worth $16,390,000 after buying an additional 367,737 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Tarena International by 52.3% in the first quarter. Schroder Investment Management Group now owns 1,029,065 shares of the business services provider’s stock worth $19,542,000 after buying an additional 353,405 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Tarena International by 1,396.3% in the first quarter. Victory Capital Management Inc. now owns 252,556 shares of the business services provider’s stock worth $4,718,000 after buying an additional 235,677 shares during the last quarter. Institutional investors and hedge funds own 35.50% of the company’s stock.

Institutional Ownership by Quarter for Tarena International (NASDAQ:TEDU)

Shares of Tarena International, Inc. (NASDAQ:TEDU) traded up 1.05% during mid-day trading on Friday, hitting $18.23. The stock had a trading volume of 60,768 shares. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 30.69 and a beta of 1.01. The stock’s 50-day moving average price is $18.49 and its 200-day moving average price is $17.00. Tarena International, Inc. has a 12-month low of $9.76 and a 12-month high of $20.29.

Tarena International (NASDAQ:TEDU) last released its quarterly earnings data on Monday, May 22nd. The business services provider reported ($0.06) EPS for the quarter. Tarena International had a net margin of 14.79% and a return on equity of 15.89%. The firm had revenue of $48.30 million during the quarter. On average, equities analysts anticipate that Tarena International, Inc. will post $0.95 EPS for the current fiscal year.

The company also recently disclosed an annual dividend, which was paid on Friday, June 9th. Investors of record on Friday, June 9th were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. Tarena International’s dividend payout ratio is currently 22.95%.

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A number of equities analysts recently issued reports on TEDU shares. Zacks Investment Research cut Tarena International from a “hold” rating to a “sell” rating in a report on Tuesday, March 7th. Goldman Sachs Group, Inc. (The) cut Tarena International from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research report on Tuesday, May 16th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Tarena International in a research report on Wednesday, May 24th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $18.35.

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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