Investors Buy Large Volume of TAL Education Group Call Options (NYSE:TAL)

TAL Education Group (NYSE:TAL) was the target of unusually large options trading on Wednesday. Investors bought 26,360 call options on the company. This is an increase of 382% compared to the average daily volume of 5,465 call options.

Wall Street Analyst Weigh In

Several research firms have weighed in on TAL. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. UBS Group increased their price target on shares of TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a research report on Friday, January 24th.

TAL Education Group Price Performance

Shares of TAL Education Group stock traded down $0.25 during trading hours on Wednesday, hitting $14.25. The company’s stock had a trading volume of 3,993,462 shares, compared to its average volume of 8,417,047. The company has a market capitalization of $8.62 billion, a PE ratio of 74.93 and a beta of 0.02. The stock has a 50 day moving average of $11.01 and a 200 day moving average of $10.17. TAL Education Group has a 12 month low of $7.34 and a 12 month high of $15.32.

Institutional Investors Weigh In On TAL Education Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in TAL Education Group by 2,309.3% during the 3rd 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. BNP Paribas Financial Markets grew its holdings in shares of TAL Education Group by 37.2% during the third quarter. BNP Paribas Financial Markets now owns 2,192,942 shares of the company’s stock worth $25,964,000 after buying an additional 594,115 shares in the last quarter. DRW Securities LLC bought a new position in shares of TAL Education Group during the third quarter worth about $128,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in TAL Education Group by 108.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company’s stock valued at $104,084,000 after buying an additional 4,581,100 shares during the last quarter. Finally, Monolith Management Ltd lifted its stake in TAL Education Group by 82.3% in the 3rd quarter. Monolith Management Ltd now owns 1,650,000 shares of the company’s stock valued at $19,536,000 after acquiring an additional 745,033 shares in the last quarter. 37.79% of the stock is currently owned by institutional investors and hedge funds.

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.