TAL Education Group Sees Unusually High Options Volume (NYSE:TAL)

TAL Education Group (NYSE:TAL) saw some unusual options trading on Monday. Investors bought 22,367 call options on the stock. This is an increase of approximately 728% compared to the typical daily volume of 2,700 call options.

Institutional Trading of TAL Education Group

Hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of TAL Education Group during the fourth quarter valued at about $8,632,000. Carmignac Gestion bought a new position in shares of TAL Education Group during the 4th quarter worth approximately $5,409,000. Prudential PLC lifted its position in TAL Education Group by 64.6% during the fourth quarter. Prudential PLC now owns 123,466 shares of the company’s stock valued at $1,559,000 after acquiring an additional 48,439 shares during the last quarter. Seven Eight Capital LP boosted its stake in TAL Education Group by 15.6% in the fourth quarter. Seven Eight Capital LP now owns 231,823 shares of the company’s stock valued at $2,928,000 after acquiring an additional 31,291 shares in the last quarter. Finally, Nomura Holdings Inc. grew its holdings in TAL Education Group by 1,368.7% in the fourth quarter. Nomura Holdings Inc. now owns 1,136,852 shares of the company’s stock worth $14,358,000 after purchasing an additional 1,059,449 shares during the last quarter. Hedge funds and other institutional investors own 37.79% of the company’s stock.

TAL Education Group Stock Up 12.7 %

NYSE:TAL traded up $1.37 during mid-day trading on Monday, reaching $12.17. The company’s stock had a trading volume of 23,777,127 shares, compared to its average volume of 6,759,002. TAL Education Group has a 1 year low of $7.34 and a 1 year high of $15.52. The stock has a fifty day moving average of $8.78 and a 200-day moving average of $10.59. The firm has a market capitalization of $7.36 billion, a PE ratio of -1,215.78 and a beta of 0.02.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.08. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. The firm had revenue of $414.19 million during the quarter, compared to analysts’ expectations of $392.39 million. During the same quarter in the prior year, the company earned ($0.07) EPS. On average, analysts expect that TAL Education Group will post 0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

TAL has been the topic of a number of research analyst reports. Citigroup cut their price target on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a report on Monday, August 5th. StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.30.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.