TAL Education Group (NYSE:TAL) Shares Gap Down – Here’s Why

TAL Education Group (NYSE:TAL) gapped down before the market opened on Thursday . The stock had previously closed at $14.41, but opened at $13.81. TAL Education Group shares last traded at $14.05, with a volume of 883,100 shares.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group upped their price target on TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a report on Friday, January 24th. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th.

TAL Education Group Trading Down 5.8 %

The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 69.29 and a beta of 0.06. The firm’s 50-day moving average price is $12.71 and its 200 day moving average price is $10.92.

Hedge Funds Weigh In On TAL Education Group

Several institutional investors have recently added to or reduced their stakes in TAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in TAL Education Group by 2,309.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,758,735 shares of the company’s stock valued at $174,743,000 after purchasing an additional 14,146,152 shares in the last quarter. Norges Bank bought a new position in shares of TAL Education Group in the 4th quarter worth approximately $72,628,000. FMR LLC increased its holdings in TAL Education Group by 82,138.4% in the 3rd quarter. FMR LLC now owns 7,224,647 shares of the company’s stock worth $85,540,000 after acquiring an additional 7,215,862 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of TAL Education Group by 108.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company’s stock valued at $104,084,000 after purchasing an additional 4,581,100 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in TAL Education Group in the third quarter worth $25,545,000. Institutional investors 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.