Traders Purchase High Volume of Call Options on TAL Education Group (NYSE:TAL)

TAL Education Group (NYSE:TAL) saw some unusual options trading on Tuesday. Investors acquired 20,609 call options on the stock. This represents an increase of 273% compared to the typical volume of 5,526 call options.

TAL Education Group Stock Up 1.0 %

Shares of NYSE TAL opened at $11.62 on Wednesday. The stock’s 50-day simple moving average is $9.71 and its two-hundred day simple moving average is $10.48. TAL Education Group has a twelve month low of $7.34 and a twelve month high of $15.52. The firm has a market capitalization of $7.03 billion, a P/E ratio of 105.64 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, October 24th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $619.36 million for the quarter, compared to the consensus estimate of $609.51 million. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. During the same period last year, the firm posted $0.06 earnings per share. As a group, research analysts anticipate that TAL Education Group will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TAL shares. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Citigroup lowered their price target on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a report on Monday, August 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, TAL Education Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.73.

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.