TAL Education Group (NYSE:TAL) Shares Down 4.1% - Time to Sell?

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 fell 4.1% during mid-day trading on Monday . The company traded as low as $10.93 and last traded at $10.98. 1,763,186 shares changed hands during trading, a decline of 76% from the average session volume of 7,326,235 shares. The stock had previously closed at $11.44.

Analysts Set New Price Targets

A number of brokerages recently commented on TAL. Macquarie downgraded TAL Education Group from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $14.50 to $10.90 in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut shares of TAL Education Group from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $16.00 to $11.00 in a report on Thursday, April 24th. Finally, Citigroup downgraded shares of TAL Education Group from a "buy" rating to a "neutral" rating and cut their price objective for the company from $13.40 to $11.54 in a research report on Friday, June 27th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $12.66.

TAL Education Group Price Performance

The business has a fifty day moving average price of $10.63 and a 200 day moving average price of $11.33. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 64.71, a price-to-earnings-growth ratio of 1.04 and a beta of 0.07.

Institutional Trading of TAL Education Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Atlas Capital Advisors Inc. acquired a new position in TAL Education Group during the first quarter worth about $29,000. Headlands Technologies LLC acquired a new position in shares of TAL Education Group in the 1st quarter worth approximately $99,000. Dark Forest Capital Management LP bought a new stake in shares of TAL Education Group in the 4th quarter worth approximately $114,000. Ethic Inc. acquired a new stake in TAL Education Group during the fourth quarter valued at approximately $142,000. Finally, PNC Financial Services Group Inc. lifted its stake in TAL Education Group by 19.4% during the second quarter. PNC Financial Services Group Inc. now owns 13,983 shares of the company's stock valued at $143,000 after purchasing an additional 2,268 shares during the last quarter. 37.79% of the stock is currently owned by 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.

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