Pacific Global Investment Management Co buys $9.7 Million stake in TAL International Group (TAL)

TAL International Group (TAL) : Pacific Global Investment Management Co scooped up 152,581 additional shares in TAL International Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 696,139 shares of TAL International Group which is valued at $9.7 Million.TAL International Group makes up approximately 2.25% of Pacific Global Investment Management Co’s portfolio.

Other Hedge Funds, Including , Citadel Advisors reduced its stake in TAL by selling 187,285 shares or 92.6% in the most recent quarter. The Hedge Fund company now holds 14,967 shares of TAL which is valued at $209,239.Group One Trading boosted its stake in TAL in the latest quarter, The investment management firm added 3,600 additional shares and now holds a total of 7,247 shares of TAL International Group which is valued at $101,313. TAL International Group makes up approx 0.01% of Group One Trading’s portfolio. Landscape Capital Management L.l.c. sold out all of its stake in TAL during the most recent quarter. The investment firm sold 34,374 shares of TAL which is valued $480,549.Blackrock Institutional Trust Company N.a. boosted its stake in TAL in the latest quarter, The investment management firm added 12,967 additional shares and now holds a total of 864,873 shares of TAL International Group which is valued at $12.1 Million.

TAL International Group opened for trading at $14.38 and hit $14.79 on the upside on Wednesday, eventually ending the session at $14.75, with a gain of 3.95% or 0.56 points. The heightened volatility saw the trading volume jump to 2,48,246 shares. Company has a market cap of $493 M.

On the company’s financial health, TAL International Group reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.44. The company had revenue of $149.20 million for the quarter, compared to analysts expectations of $157.99 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on TAL International Group. Company shares were Reiterated by Cowen on Apr 28, 2016 to “Market Perform”, Firm has raised the Price Target to $ 17 from a previous price target of $12 .Shares were Reiterated by Cowen on Feb 25, 2016 to “Market Perform” and Lowered the Price Target to $ 12 from a previous price target of $14 .

TAL International Group Inc. is a lessor of intermodal containers and chassis. The Company leases intermodal transportation equipment primarily maritime containers and provides maritime container management services through a network of offices third-party depots and other facilities. The Company operates in two segments: Equipment leasing and Equipment trading. The Company’s equipment leasing operations include the acquisition leasing re-leasing and sale of types of intermodal transportation equipment primarily intermodal containers. The Company leases five types of equipment which include dry freight containers refrigerated containers special containers tank containers and chassis. Through its operating network the Company purchases containers from shipping line customers and other sellers of containers and resell these containers to retailers and users. The Company owned fleet included approximately 2752948 cost equivalent units (CEU).

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