TAL Education Group Sees Unusually Large Options Volume (NYSE:TAL)

TAL Education Group (NYSE:TAL) saw unusually large options trading on Wednesday. Traders bought 65,134 put options on the company. This is an increase of approximately 1,339% compared to the typical daily volume of 4,527 put options.

TAL Education Group Stock Up 2.8 %

Shares of NYSE:TAL opened at $10.50 on Friday. The company’s fifty day moving average is $9.29 and its two-hundred day moving average is $10.53. The company has a market cap of $6.35 billion, a P/E ratio of 131.20 and a beta of 0.04. TAL Education Group has a 12-month low of $7.34 and a 12-month high of $15.52.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.08. TAL Education Group had a return on equity of 1.46% and a net margin of 3.24%. The firm had revenue of $414.19 million for the quarter, compared to analyst estimates of $392.39 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. Equities research analysts anticipate that TAL Education Group will post 0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. StockNews.com cut TAL Education Group from a “hold” rating to a “sell” rating in a report on Monday, October 14th. Citigroup decreased their target price on TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, TAL Education Group currently has an average rating of “Moderate Buy” and an average target price of $13.73.

Hedge Funds Weigh In On TAL Education Group

A number of large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its position in TAL Education Group by 18.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,812,359 shares of the company’s stock valued at $20,570,000 after purchasing an additional 282,216 shares in the last quarter. Broad Peak Investment Holdings Ltd. acquired a new position in shares of TAL Education Group in the first quarter worth $17,493,000. Tobam acquired a new position in shares of TAL Education Group in the first quarter worth $2,549,000. Quantbot Technologies LP acquired a new stake in TAL Education Group during the first quarter valued at $2,919,000. Finally, SG Americas Securities LLC grew its stake in TAL Education Group by 63.3% in the first quarter. SG Americas Securities LLC now owns 313,828 shares of the company’s stock valued at $3,562,000 after purchasing an additional 121,705 shares in the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

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.