TAL Education Group (NYSE:TAL – Get Free Report)’s stock price rose 6.2% during mid-day trading on Monday . The stock traded as high as $14.03 and last traded at $14.13. Approximately 2,504,066 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 6,410,957 shares. The stock had previously closed at $13.30.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. UBS Group boosted their price objective on shares of TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a research report on Friday, January 24th.
TAL Education Group Trading Up 6.9 %
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in TAL. GF Fund Management CO. LTD. purchased a new stake in TAL Education Group during the fourth quarter valued at approximately $7,096,000. Neo Ivy Capital Management acquired a new position in shares of TAL Education Group during the fourth quarter worth $1,885,000. Vise Technologies Inc. purchased a new stake in shares of TAL Education Group during the 4th quarter valued at $181,000. CoreView Capital Management Ltd acquired a new stake in shares of TAL Education Group in the 4th quarter worth $15,920,000. Finally, Vident Advisory LLC grew its stake in TAL Education Group by 26.2% during the 4th quarter. Vident Advisory LLC now owns 22,367 shares of the company’s stock worth $224,000 after buying an additional 4,643 shares during the last quarter. Hedge funds and other 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.
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