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

TAL Education Group (NYSE:TAL)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $14.41, but opened at $13.81. TAL Education Group shares last traded at $14.05, with a volume of 883,100 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TAL shares. UBS Group boosted their target price on shares of TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a research note on Friday, January 24th. StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th.

TAL Education Group Stock Down 3.0 %

The firm has a fifty day moving average of $12.54 and a 200-day moving average of $10.86. The firm has a market cap of $8.45 billion, a P/E ratio of 73.56 and a beta of 0.06.

Institutional Investors Weigh In On TAL Education Group

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

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.