TAL Education Group (NYSE:TAL) Trading Up 6.2% – Still a Buy?

Shares of TAL Education Group (NYSE:TAL) were up 6.2% during trading on Monday . The company traded as high as $14.03 and last traded at $14.13. Approximately 2,504,066 shares changed hands during trading, a decline of 61% from the average daily volume of 6,410,957 shares. The stock had previously closed at $13.30.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TAL. UBS Group increased their price target on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research report on Friday, January 24th. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, January 24th.

TAL Education Group Stock Up 6.9 %

The stock has a market capitalization of $8.60 billion, a PE ratio of 74.87 and a beta of 0.06. The stock’s 50 day moving average price is $12.26 and its 200-day moving average price is $10.75.

Institutional Investors Weigh In On TAL Education Group

Institutional investors and hedge funds have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC boosted its position in shares of TAL Education Group by 5.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,636 shares of the company’s stock valued at $167,000 after acquiring an additional 838 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in TAL Education Group by 8.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 16,596 shares of the company’s stock valued at $166,000 after purchasing an additional 1,256 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in TAL Education Group by 15.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,829 shares of the company’s stock valued at $119,000 after purchasing an additional 1,556 shares during the last quarter. Blue Trust Inc. grew its stake in shares of TAL Education Group by 28.1% in the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock worth $99,000 after buying an additional 2,158 shares in the last quarter. Finally, RWC Asset Management LLP increased its holdings in shares of TAL Education Group by 3.0% in the 4th quarter. RWC Asset Management LLP now owns 93,784 shares of the company’s stock worth $940,000 after buying an additional 2,726 shares during the last quarter. 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.