TAL Education Group (NYSE:TAL) Shares Gap Down – Here’s What Happened

TAL Education Group (NYSE:TAL) shares gapped down before the market opened on Thursday . The stock had previously closed at $14.46, but opened at $13.93. TAL Education Group shares last traded at $14.38, with a volume of 2,485,646 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. UBS Group increased their target price on 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 1.9 %

The company’s 50 day moving average price is $10.85 and its two-hundred day moving average price is $10.09. The stock has a market cap of $8.78 billion, a P/E ratio of 76.40 and a beta of 0.02.

Institutional Trading of TAL Education Group

A number of hedge funds have recently bought and sold shares of TAL. Northern Trust Corp boosted its stake in TAL Education Group by 225.8% in the 4th quarter. Northern Trust Corp now owns 1,964,214 shares of the company’s stock worth $19,681,000 after purchasing an additional 1,361,238 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new position in shares of TAL Education Group in the 4th quarter valued at about $193,000. Monolith Management Ltd boosted its position in TAL Education Group by 49.8% during the fourth quarter. Monolith Management Ltd now owns 2,471,666 shares of the company’s stock worth $24,766,000 after purchasing an additional 821,666 shares in the last quarter. Oberweis Asset Management Inc. increased its position in shares of TAL Education Group by 50.0% in the fourth quarter. Oberweis Asset Management Inc. now owns 60,000 shares of the company’s stock valued at $601,000 after buying an additional 20,000 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in TAL Education Group by 23.6% in the 4th quarter. Voya Investment Management LLC now owns 29,044 shares of the company’s stock valued at $291,000 after acquiring an additional 5,550 shares during the period. Hedge funds and other institutional investors own 37.79% of the company’s stock.

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.