Stock Traders Purchase Large Volume of TAL Education Group Put Options (NYSE:TAL)

TAL Education Group (NYSE:TALGet Rating) was the recipient of some unusual options trading activity on Monday. Investors bought 10,865 put options on the stock. This is an increase of 42% compared to the average daily volume of 7,649 put options.

TAL Education Group Price Performance

Shares of TAL Education Group stock opened at $5.09 on Wednesday. The stock has a market cap of $3.28 billion, a PE ratio of -13.05 and a beta of -0.10. The firm has a fifty day moving average price of $4.76 and a 200 day moving average price of $4.69. TAL Education Group has a 1 year low of $1.60 and a 1 year high of $6.72.

Analyst Ratings Changes

A number of brokerages have issued reports on TAL. CICC Research upgraded shares of TAL Education Group from a “market perform” rating to an “outperform” rating in a research note on Monday, October 31st. Bank of America upgraded TAL Education Group from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $4.30 to $4.70 in a research note on Monday, October 31st. UBS Group upgraded TAL Education Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $4.94 to $6.50 in a research note on Thursday, November 3rd. Finally, StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.60.

Institutional Investors Weigh In On TAL Education Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Yousif Capital Management LLC purchased a new position in TAL Education Group in the first quarter valued at $39,000. IPG Investment Advisors LLC purchased a new position in shares of TAL Education Group in the 2nd quarter valued at about $49,000. Neo Ivy Capital Management acquired a new position in TAL Education Group in the 3rd quarter worth about $49,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in TAL Education Group during the third quarter worth approximately $55,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in TAL Education Group in the second quarter valued at approximately $55,000. 46.12% of the stock is owned by institutional investors and hedge funds.

About TAL Education Group

(Get Rating)

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.

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