TAL Education Group (NYSE:TAL) Trading Up 3.1% – What’s Next?

TAL Education Group (NYSE:TAL) shares traded up 3.1% during mid-day trading on Wednesday . The stock traded as high as $13.51 and last traded at $13.43. 3,982,338 shares traded hands during trading, a decline of 38% from the average session volume of 6,402,895 shares. The stock had previously closed at $13.03.

Analysts Set New Price Targets

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

TAL Education Group Trading Down 1.9 %

The company has a market cap of $8.07 billion, a price-to-earnings ratio of 70.24 and a beta of 0.06. The business has a fifty day moving average of $13.01 and a two-hundred day moving average of $11.07.

Hedge Funds Weigh In On TAL Education Group

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

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.