TAL Education Group (NYSE:TAL) Trading Down 5.9% – Here’s What Happened

TAL Education Group (NYSE:TAL)’s stock price dropped 5.9% on Friday . The company traded as low as $12.90 and last traded at $13.14. Approximately 1,303,412 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 6,411,573 shares. The stock had previously closed at $13.97.

Analysts Set New Price Targets

TAL has been the subject of a number of research reports. UBS Group raised their target price on TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a research note on Friday, January 24th. StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th.

TAL Education Group Trading Down 5.5 %

The firm has a market cap of $7.99 billion, a P/E ratio of 69.50 and a beta of 0.06. The company has a fifty day moving average price of $12.63 and a two-hundred day moving average price of $10.88.

Hedge Funds Weigh In On TAL Education Group

Several institutional investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC lifted its holdings in shares of TAL Education Group by 5.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,636 shares of the company’s stock valued at $167,000 after purchasing an additional 838 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in TAL Education Group by 8.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,596 shares of the company’s stock valued at $166,000 after acquiring an additional 1,256 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in TAL Education Group by 15.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,829 shares of the company’s stock valued at $119,000 after acquiring an additional 1,556 shares in the last quarter. Blue Trust Inc. lifted its stake in TAL Education Group by 28.1% in the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock valued at $99,000 after acquiring an additional 2,158 shares in the last quarter. Finally, RWC Asset Management LLP lifted its stake in TAL Education Group by 3.0% in the 4th quarter. RWC Asset Management LLP now owns 93,784 shares of the company’s stock valued at $940,000 after acquiring an additional 2,726 shares in the last quarter. 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.