TAL Education Group (NYSE:TAL) Trading Up 6.2% – Here’s Why

TAL Education Group (NYSE:TAL)’s share price rose 6.2% during mid-day trading on Monday . The company traded as high as $14.03 and last traded at $14.13. Approximately 2,504,066 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 6,410,957 shares. The stock had previously closed at $13.30.

Wall Street Analyst Weigh In

TAL has been the subject of a number of research analyst reports. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, January 24th. UBS Group increased their price target on shares of TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a research report on Friday, January 24th.

TAL Education Group Price Performance

The stock’s 50-day moving average is $12.45 and its 200-day moving average is $10.83. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 74.98 and a beta of 0.06.

Institutional Trading of TAL Education Group

A number of hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of TAL Education Group in the 4th quarter valued at $40,000. Point72 DIFC Ltd purchased a new position in shares of TAL Education Group in the 3rd quarter valued at $48,000. iA Global Asset Management Inc. purchased a new position in shares of TAL Education Group in the 4th quarter valued at $79,000. Blue Trust Inc. raised its stake in shares of TAL Education Group by 28.1% in the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock valued at $99,000 after acquiring an additional 2,158 shares during the period. Finally, DRW Securities LLC purchased a new stake in TAL Education Group during the 3rd quarter worth $128,000. Institutional investors and hedge funds own 37.79% of the company’s stock.

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.