TAL Education Group (NYSE:TAL) Trading 4.5% Higher - Here's What Happened

TAL Education Group (NYSE:TAL - Get Free Report) traded up 4.5% during trading on Monday . The company traded as high as $10.90 and last traded at $10.85. 1,422,872 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 6,938,738 shares. The stock had previously closed at $10.38.

Analysts Set New Price Targets

TAL has been the subject of a number of research analyst reports. StockNews.com lowered shares of TAL Education Group from a "hold" rating to a "sell" rating in a report on Monday, October 14th. Citigroup lowered their price target on TAL Education Group from $21.30 to $13.40 and set a "buy" rating for the company in a report on Monday, August 5th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $13.73.

TAL Education Group Price Performance

The company has a market capitalization of $6.68 billion, a PE ratio of 138.02 and a beta of 0.04. The company's fifty day moving average is $9.19 and its 200-day moving average is $10.53.

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

Hedge Funds Weigh In On TAL Education Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of 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 buying an additional 2,173 shares in the last quarter. Blue Trust Inc. boosted its holdings in TAL Education Group by 569.8% in the 2nd quarter. Blue Trust Inc. now owns 3,282 shares of the company's stock valued at $37,000 after purchasing an additional 2,792 shares during the last quarter. Shell Asset Management Co. grew its position in TAL Education Group by 328.8% in the first 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. O Shaughnessy Asset Management LLC increased its position 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 purchasing an additional 4,177 shares during the last quarter. Finally, Tobam raised its stake in shares of TAL Education Group by 10.4% in the 3rd quarter. Tobam now owns 19,418 shares of the company's stock valued at $230,000 after acquiring an additional 1,832 shares during the period. Institutional investors and hedge funds own 37.79% of the company's stock.

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.