Stock Traders Buy High Volume of Put Options on TAL Education Group (NYSE:TAL)

TAL Education Group (NYSE:TAL - Get Free Report) saw unusually large options trading activity on Wednesday. Traders bought 65,134 put options on the stock. This is an increase of 1,339% compared to the average daily volume of 4,527 put options.

Hedge Funds Weigh In On TAL Education Group

Several large investors have recently bought and sold shares of TAL. EverSource Wealth Advisors LLC raised its stake in TAL Education Group by 1,375.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company's stock valued at $28,000 after purchasing an additional 2,173 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of TAL Education Group by 569.8% during the 2nd quarter. Blue Trust Inc. now owns 3,282 shares of the company's stock worth $37,000 after acquiring an additional 2,792 shares during the period. Shell Asset Management Co. lifted its holdings in shares of TAL Education Group by 328.8% during the 1st quarter. Shell Asset Management Co. now owns 15,672 shares of the company's stock worth $178,000 after acquiring an additional 12,017 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of TAL Education Group by 17.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company's stock worth $182,000 after acquiring an additional 2,267 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of TAL Education Group by 30.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,798 shares of the company's stock worth $202,000 after acquiring an additional 4,177 shares during the period. 37.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on TAL. Citigroup decreased their target price on shares of TAL Education Group from $21.30 to $13.40 and set a "buy" rating for the company in a research report on Monday, August 5th. StockNews.com cut shares of TAL Education Group from a "hold" rating to a "sell" rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $13.73.

TAL Education Group Stock Performance

Shares of TAL Education Group stock traded down $1.19 on Wednesday, reaching $10.20. The stock had a trading volume of 15,727,851 shares, compared to its average volume of 7,055,712. The business's 50-day moving average price is $9.29 and its two-hundred day moving average price is $10.53. TAL Education Group has a fifty-two week low of $7.34 and a fifty-two week high of $15.52. The stock has a market cap of $6.17 billion, a P/E ratio of 127.52 and a beta of 0.04.

TAL Education Group (NYSE:TAL - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.08. The firm had revenue of $414.19 million during the quarter, compared to analysts' expectations of $392.39 million. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. During the same period in the prior year, the company earned ($0.07) EPS. As a group, equities analysts forecast that TAL Education Group will post 0.1 earnings per share for the current fiscal year.

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.