TAL Education Group (NYSE:TAL) Stock Price Down 4.1% - Here's What Happened

Key Points

• TAL Education Group's stock price fell by 4.1% on Monday, with trading volume at 1,763,186 shares, significantly lower than the average of 7,326,235 shares.
• Several brokerages downgraded TAL's rating, with Macquarie reducing the price target from $14.50 to $10.90, and Citigroup lowering its target from $13.40 to $11.54.
• Approximately 37.79% of TAL's stock is owned by institutional investors, with various hedge funds recently increasing or initiating positions in the company.

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price was down 4.1% during mid-day trading on Monday . The stock traded as low as $10.93 and last traded at $10.98. Approximately 1,763,186 shares changed hands during trading, a decline of 76% from the average daily volume of 7,326,235 shares. The stock had previously closed at $11.44.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered TAL Education Group from a "buy" rating to a "neutral" rating and cut their price target for the company from $13.40 to $11.54 in a report on Friday, June 27th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, TAL Education Group presently has an average rating of "Hold" and a consensus price target of $12.66.

TAL Education Group Price Performance

The firm has a 50-day moving average of $10.66 and a 200-day moving average of $11.29. The stock has a market cap of $6.62 billion, a PE ratio of 63.91, a PEG ratio of 0.99 and a beta of 0.07.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TAL. Atlas Capital Advisors Inc. purchased a new stake in shares of TAL Education Group during the 1st quarter worth approximately $29,000. Headlands Technologies LLC purchased a new stake in shares of TAL Education Group during the 1st quarter worth approximately $99,000. Dark Forest Capital Management LP purchased a new stake in shares of TAL Education Group during the 4th quarter worth approximately $114,000. Ethic Inc. purchased a new stake in shares of TAL Education Group during the 4th quarter worth approximately $142,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of TAL Education Group by 19.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,983 shares of the company's stock worth $143,000 after acquiring an additional 2,268 shares in the last quarter. 37.79% of the stock is owned by hedge funds and other institutional investors.

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.