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

TAL Education Group (NYSE:TAL) saw unusually large options trading activity on Tuesday. Stock traders purchased 20,609 call options on the stock. This represents an increase of 273% compared to the average daily volume of 5,526 call options.

TAL Education Group Stock Down 0.9 %

Shares of TAL Education Group stock opened at $11.52 on Thursday. The business has a 50-day moving average price of $9.78 and a 200 day moving average price of $10.49. TAL Education Group has a fifty-two week low of $7.34 and a fifty-two week high of $15.52. The firm has a market cap of $6.97 billion, a P/E ratio of 104.73 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The business had revenue of $619.36 million for the quarter, compared to analyst estimates of $609.51 million. During the same period in the prior year, the company posted $0.06 EPS. As a group, equities research analysts anticipate that TAL Education Group will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Krane Funds Advisors LLC lifted its holdings in TAL Education Group by 9.9% in the second quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company’s stock worth $206,289,000 after acquiring an additional 1,749,438 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in TAL Education Group by 8.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,209,800 shares of the company’s stock valued at $44,919,000 after purchasing an additional 321,000 shares during the period. The Manufacturers Life Insurance Company grew its stake in TAL Education Group by 20.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,187,028 shares of the company’s stock worth $44,676,000 after buying an additional 709,845 shares during the last quarter. Acadian Asset Management LLC grew its stake in TAL Education Group by 40.6% during the 1st quarter. Acadian Asset Management LLC now owns 4,109,277 shares of the company’s stock worth $46,617,000 after buying an additional 1,187,364 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in TAL Education Group in the second quarter worth $35,429,000. 37.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TAL shares. StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Citigroup lowered their target price on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research note on Monday, August 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $13.73.

About TAL Education Group

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.