TAL Education Group (NYSE:TAL) Trading Up 4.4% - Here's Why

Key Points

• TAL Education Group saw a stock price increase of 4.4%, trading at $12.36 after closing at $11.83.
• Research analysts have mostly rated TAL as a "Hold," with a consensus target price of $12.66, and Citigroup has revised its rating from "buy" to "neutral."
• Institutional investors control 37.79% of TAL's stock, with notable increases in holdings from several funds in recent quarters.

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price was up 4.4% during mid-day trading on Tuesday . The stock traded as high as $12.17 and last traded at $12.36. Approximately 958,815 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 6,592,150 shares. The stock had previously closed at $11.83.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TAL shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of TAL Education Group in a research report on Wednesday, October 8th. Citigroup lowered shares of TAL Education Group from a "buy" rating to a "neutral" rating and cut their target price for the stock from $13.40 to $11.54 in a research report on Friday, June 27th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $12.66.

TAL Education Group Price Performance

The firm has a market capitalization of $7.59 billion, a P/E ratio of 73.50, a P/E/G ratio of 1.01 and a beta of 0.12. The firm's 50 day simple moving average is $10.94 and its two-hundred day simple moving average is $10.50.

Hedge Funds Weigh In On TAL Education Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Sector Pension Investment Board raised its stake in shares of TAL Education Group by 1.0% during the second quarter. Public Sector Pension Investment Board now owns 157,482 shares of the company's stock valued at $1,609,000 after acquiring an additional 1,600 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of TAL Education Group during the first quarter valued at about $29,000. PNC Financial Services Group Inc. raised its stake in shares of 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 acquiring an additional 2,268 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of TAL Education Group by 0.9% during the second quarter. California State Teachers Retirement System now owns 267,434 shares of the company's stock valued at $2,733,000 after acquiring an additional 2,275 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of TAL Education Group by 0.7% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 342,856 shares of the company's stock valued at $4,529,000 after acquiring an additional 2,525 shares during the last quarter. 37.79% of the stock is owned by institutional investors.

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.

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