TAL Education Group (NYSE:TAL) Stock Price Up 6.2% – Here’s Why

TAL Education Group (NYSE:TAL)’s share price shot up 6.2% during mid-day trading on Monday . The stock traded as high as $14.03 and last traded at $14.13. 2,504,066 shares traded hands during trading, a decline of 61% from the average session volume of 6,410,957 shares. The stock had previously closed at $13.30.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TAL. StockNews.com raised 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 target on shares of TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a report on Friday, January 24th.

TAL Education Group Stock Performance

The business’s 50 day simple moving average is $12.45 and its 200-day simple moving average is $10.83. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 74.98 and a beta of 0.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of TAL Education Group by 3.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,889,024 shares of the company’s stock worth $22,366,000 after buying an additional 62,787 shares in the last quarter. Monolith Management Ltd raised its position in shares of TAL Education Group by 82.3% during the 3rd quarter. Monolith Management Ltd now owns 1,650,000 shares of the company’s stock worth $19,536,000 after buying an additional 745,033 shares in the last quarter. DRW Securities LLC bought a new stake in shares of TAL Education Group during the 3rd quarter worth about $128,000. FMR LLC raised its position in shares of TAL Education Group by 82,138.4% during the 3rd quarter. FMR LLC now owns 7,224,647 shares of the company’s stock worth $85,540,000 after buying an additional 7,215,862 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of TAL Education Group by 37.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,192,942 shares of the company’s stock worth $25,964,000 after purchasing an additional 594,115 shares in the last quarter. 37.79% of the stock is owned by institutional investors and hedge funds.

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.