TAL Education Group (TAL) Short Interest Up 390.4% in August
TAL Education Group (NYSE:TAL) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 13,332,213 shares, a growth of 390.4% from the August 15th total of 2,718,688 shares. Based on an average trading volume of 4,342,169 shares, the days-to-cover ratio is currently 3.1 days.
Institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. acquired a new stake in TAL Education Group during the 2nd quarter worth $153,000. Tower Research Capital LLC TRC acquired a new stake in TAL Education Group during the 2nd quarter worth $154,000. QS Investors LLC acquired a new stake in TAL Education Group during the 2nd quarter worth $208,000. Brighton Jones LLC acquired a new stake in TAL Education Group during the 2nd quarter worth $226,000. Finally, Greenleaf Trust acquired a new stake in TAL Education Group during the 2nd quarter worth $229,000. 8.59% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the company. Zacks Investment Research cut TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Jefferies Group LLC lifted their target price on TAL Education Group to $35.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Morgan Stanley assumed coverage on TAL Education Group in a report on Friday, August 25th. They issued an “overweight” rating and a $37.00 target price on the stock. UBS AG assumed coverage on TAL Education Group in a report on Tuesday, August 1st. They issued a “buy” rating on the stock. Finally, J P Morgan Chase & Co lifted their target price on TAL Education Group to $31.67 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $25.76.
TAL Education Group (NYSE TAL) opened at 32.36 on Friday. The stock’s 50 day moving average price is $29.40 and its 200-day moving average price is $21.92. The stock has a market cap of $15.99 billion, a P/E ratio of 133.17 and a beta of 0.26. TAL Education Group has a one year low of $11.02 and a one year high of $34.19.
TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business had revenue of $321.90 million for the quarter, compared to the consensus estimate of $306.46 million. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The company’s revenue was up 65.0% compared to the same quarter last year. On average, analysts predict that TAL Education Group will post $0.33 earnings per share for the current year.
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TAL Education Group Company Profile
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.
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