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

TAL Education Group (NYSE:TAL) was the recipient of some unusual options trading on Wednesday. Traders purchased 65,134 put options on the company. This is an increase of approximately 1,339% compared to the average daily volume of 4,527 put options.

TAL Education Group Trading Up 2.8 %

Shares of NYSE TAL opened at $10.50 on Friday. The company has a market cap of $6.35 billion, a price-to-earnings 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. The stock’s 50 day simple moving average is $9.29 and its 200 day simple moving average is $10.53.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.08. The business had revenue of $414.19 million for the quarter, compared to the consensus estimate of $392.39 million. TAL Education Group had a return on equity of 1.46% and a net margin of 3.24%. During the same quarter last year, the business posted ($0.07) EPS. As a group, equities analysts forecast that TAL Education Group will post 0.1 earnings per share for the current fiscal year.

Institutional Trading of TAL Education Group

Several hedge funds have recently added to or reduced their stakes in TAL. EverSource Wealth Advisors LLC raised its stake in TAL Education Group by 1,375.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock valued at $28,000 after acquiring an additional 2,173 shares in the last quarter. Blue Trust Inc. raised its stake in TAL Education Group by 569.8% during the 2nd quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock valued at $37,000 after acquiring an additional 2,792 shares in the last quarter. Shell Asset Management Co. raised its stake in TAL Education Group by 328.8% during the 1st quarter. Shell Asset Management Co. now owns 15,672 shares of the company’s stock valued at $178,000 after acquiring an additional 12,017 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in TAL Education Group by 17.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company’s stock valued at $182,000 after acquiring an additional 2,267 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in TAL Education Group by 30.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,798 shares of the company’s stock valued at $202,000 after acquiring an additional 4,177 shares in the last quarter. Institutional investors own 37.79% of the company’s stock.

Analysts Set New Price Targets

TAL has been the subject of a number of recent research reports. StockNews.com lowered TAL Education Group from a “hold” rating to a “sell” rating in a research note on Monday, October 14th. Citigroup lowered their price objective on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.73.

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.