TAL Education Group (NYSE:TAL) Sees Large Volume Increase

TAL Education Group (NYSE:TALGet Rating) saw an uptick in trading volume on Friday . 303,394 shares were traded during mid-day trading, a decline of 97% from the previous session’s volume of 9,130,890 shares.The stock last traded at $4.84 and had previously closed at $4.81.

A number of brokerages have recently commented on TAL. JPMorgan Chase & Co. upgraded shares of TAL Education Group from an “underweight” rating to a “neutral” rating in a report on Monday, May 2nd. CICC Research cut TAL Education Group from an “outperform” rating to a “market perform” rating in a report on Monday, May 2nd. Morgan Stanley upgraded TAL Education Group from an “underweight” rating to an “overweight” rating in a report on Monday, March 7th. StockNews.com cut TAL Education Group from a “hold” rating to a “sell” rating in a report on Thursday, May 12th. Finally, Daiwa Capital Markets upgraded TAL Education Group from a “neutral” rating to a “buy” rating in a report on Wednesday, March 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.82.

The firm has a 50-day simple moving average of $3.68 and a 200 day simple moving average of $3.52.

TAL Education Group (NYSE:TALGet Rating) last released its quarterly earnings data on Friday, April 29th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The business had revenue of $541.15 million during the quarter, compared to the consensus estimate of $440.41 million. On average, analysts anticipate that TAL Education Group will post -0.41 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC increased its position in shares of TAL Education Group by 0.4% during the first quarter. Hsbc Holdings PLC now owns 1,002,434 shares of the company’s stock worth $3,018,000 after acquiring an additional 3,648 shares during the last quarter. Parallel Advisors LLC increased its position in shares of TAL Education Group by 48.1% during the fourth quarter. Parallel Advisors LLC now owns 11,263 shares of the company’s stock worth $44,000 after acquiring an additional 3,658 shares during the last quarter. Samalin Investment Counsel LLC increased its position in shares of TAL Education Group by 10.0% during the first quarter. Samalin Investment Counsel LLC now owns 40,518 shares of the company’s stock worth $122,000 after acquiring an additional 3,700 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of TAL Education Group by 8.9% during the fourth quarter. Squarepoint Ops LLC now owns 49,486 shares of the company’s stock worth $194,000 after acquiring an additional 4,050 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings in TAL Education Group by 99.0% in the first quarter. Lindbrook Capital LLC now owns 8,478 shares of the company’s stock valued at $26,000 after buying an additional 4,218 shares during the last quarter. 43.75% of the stock is currently owned by institutional investors and hedge funds.

About TAL Education Group (NYSE:TAL)

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.

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