TAL Education Group (NYSE:TAL) Shares Gap Down – What’s Next?

TAL Education Group (NYSE:TAL) gapped down prior to trading on Thursday . The stock had previously closed at $14.41, but opened at $13.81. TAL Education Group shares last traded at $14.05, with a volume of 883,100 shares changing hands.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. UBS Group lifted their price objective on shares of TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a research note on Friday, January 24th.

TAL Education Group Stock Down 3.0 %

The company has a 50-day moving average price of $12.54 and a 200-day moving average price of $10.86. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 73.56 and a beta of 0.06.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its stake in shares of TAL Education Group by 37.1% in the fourth quarter. California State Teachers Retirement System now owns 254,292 shares of the company’s stock worth $2,548,000 after acquiring an additional 68,847 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of TAL Education Group during the 4th quarter valued at about $7,096,000. Neo Ivy Capital Management bought a new stake in TAL Education Group in the fourth quarter valued at about $1,885,000. Vise Technologies Inc. acquired a new position in TAL Education Group in the fourth quarter worth about $181,000. Finally, CoreView Capital Management Ltd bought a new position in TAL Education Group during the fourth quarter worth about $15,920,000. 37.79% of the stock is owned by institutional investors.

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.