TAL Education Group (NYSE:TAL) Trading Down 6.5% – Here’s What Happened

TAL Education Group (NYSE:TAL) shares traded down 6.5% during trading on Tuesday . The stock traded as low as $9.98 and last traded at $10.06. 3,600,755 shares traded hands during trading, a decline of 48% from the average session volume of 6,986,039 shares. The stock had previously closed at $10.76.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TAL shares. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Citigroup dropped their target price on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research report on Monday, August 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.80.

TAL Education Group Stock Performance

The company has a 50 day moving average of $10.05 and a 200 day moving average of $10.42. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 86.73 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The business had revenue of $619.36 million during the quarter, compared to the consensus estimate of $609.51 million. During the same period in the previous year, the company posted $0.06 earnings per share. As a group, research analysts expect that TAL Education Group will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

A number of hedge funds and other institutional investors have recently modified their holdings of TAL. Krane Funds Advisors LLC lifted its stake in TAL Education Group by 9.9% during the second quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company’s stock worth $206,289,000 after purchasing an additional 1,749,438 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in TAL Education Group by 2,309.3% during 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 worth $174,743,000 after purchasing an additional 14,146,152 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of TAL Education Group by 108.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company’s stock worth $104,084,000 after buying an additional 4,581,100 shares during the last quarter. FMR LLC boosted its holdings in shares of TAL Education Group by 82,138.4% in the 3rd quarter. FMR LLC now owns 7,224,647 shares of the company’s stock valued at $85,540,000 after buying an additional 7,215,862 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of TAL Education Group by 20.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,187,028 shares of the company’s stock valued at $44,676,000 after buying an additional 709,845 shares during the last quarter. 37.79% of the stock is currently owned by institutional investors and hedge funds.

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.