Jane Street Group LLC purchased a new stake in shares of Tarena International Inc (NASDAQ:TEDU) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 24,733 shares of the business services provider’s stock, valued at approximately $156,000.
Several other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Tarena International by 4.2% during the third quarter. Dimensional Fund Advisors LP now owns 433,886 shares of the business services provider’s stock valued at $3,523,000 after acquiring an additional 17,389 shares during the last quarter. Virtu Financial LLC bought a new position in Tarena International during the fourth quarter worth $184,000. BlackRock Inc. raised its stake in Tarena International by 5.0% during the third quarter. BlackRock Inc. now owns 709,415 shares of the business services provider’s stock worth $5,760,000 after buying an additional 33,904 shares during the last quarter. Finally, Prudential PLC bought a new position in Tarena International during the fourth quarter worth $2,296,000. 27.43% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ TEDU opened at $5.23 on Friday. Tarena International Inc has a twelve month low of $5.13 and a twelve month high of $10.87. The firm has a market cap of $289.10 million, a P/E ratio of -3.33 and a beta of 0.69.
Tarena International (NASDAQ:TEDU) last announced its earnings results on Monday, March 11th. The business services provider reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.20). Tarena International had a negative return on equity of 49.52% and a negative net margin of 26.91%. The firm had revenue of $88.97 million for the quarter. On average, analysts expect that Tarena International Inc will post -1.35 EPS for the current fiscal year.
TEDU has been the subject of a number of analyst reports. BidaskClub downgraded shares of Tarena International from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 17th. Zacks Investment Research raised shares of Tarena International from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. ValuEngine downgraded shares of Tarena International from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 23rd. Finally, Credit Suisse Group downgraded shares of Tarena International from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 12th. Five equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. The company currently has a consensus rating of “Sell” and an average price target of $6.90.
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About Tarena International
Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes in the People's Republic of China. It offers education courses in 13 information technology (IT) subjects, such as Java, .NET, C++, software testing, embedded, PHP, Android, iOS, Linux and network engineering, Big Data, Web front-end development, VR/AR, and Python; and 3 non-IT subjects, including digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.
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