TAL Education Group (NYSE:TAL) Shares Up 3.1% – Here’s Why

TAL Education Group (NYSE:TAL) shares rose 3.1% during trading on Wednesday . The stock traded as high as $13.51 and last traded at $13.43. Approximately 3,982,338 shares changed hands during trading, a decline of 38% from the average daily volume of 6,402,895 shares. The stock had previously closed at $13.03.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. UBS Group upped their target price on TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a report on Friday, January 24th.

TAL Education Group Price Performance

The firm’s fifty day moving average is $12.85 and its 200-day moving average is $11.03. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 70.63 and a beta of 0.06.

Institutional Investors Weigh In On TAL Education Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in TAL Education Group in the fourth quarter valued at approximately $40,000. Point72 DIFC Ltd acquired a new position in shares of TAL Education Group during the 3rd quarter valued at $48,000. iA Global Asset Management Inc. bought a new position in TAL Education Group during the fourth quarter worth $79,000. Blue Trust Inc. grew its holdings in TAL Education Group by 28.1% in the fourth quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock worth $99,000 after purchasing an additional 2,158 shares during the period. Finally, DRW Securities LLC acquired a new stake in TAL Education Group in the third quarter worth $128,000. Institutional investors 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.