Short Interest in TAL Education Group (NYSE:TAL) Decreases By 17.6%

TAL Education Group (NYSE:TAL) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 20,060,000 shares, a decline of 17.6% from the March 15th total of 24,350,000 shares. Based on an average daily volume of 6,790,000 shares, the short-interest ratio is presently 3.0 days.

TAL Education Group Stock Down 4.2 %

TAL Education Group stock opened at $11.70 on Monday. TAL Education Group has a 52 week low of $5.09 and a 52 week high of $15.52. The stock has a 50-day moving average price of $12.69 and a 200 day moving average price of $11.39.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, January 25th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). TAL Education Group had a negative return on equity of 1.93% and a negative net margin of 5.30%. The firm had revenue of $373.51 million for the quarter, compared to analyst estimates of $330.96 million. Research analysts anticipate that TAL Education Group will post -0.06 EPS for the current year.

Institutional Investors Weigh In On TAL Education Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. raised its position in TAL Education Group by 11.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 433,694 shares of the company’s stock valued at $5,478,000 after acquiring an additional 43,071 shares in the last quarter. Barclays PLC raised its position in TAL Education Group by 10.1% during the third quarter. Barclays PLC now owns 299,773 shares of the company’s stock valued at $2,731,000 after acquiring an additional 27,400 shares in the last quarter. Canada Pension Plan Investment Board raised its position in TAL Education Group by 31.5% during the third quarter. Canada Pension Plan Investment Board now owns 1,582,655 shares of the company’s stock valued at $14,418,000 after acquiring an additional 379,000 shares in the last quarter. California Public Employees Retirement System raised its position in TAL Education Group by 1.5% during the third quarter. California Public Employees Retirement System now owns 801,288 shares of the company’s stock valued at $7,300,000 after acquiring an additional 11,518 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in TAL Education Group by 110.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,610,000 shares of the company’s stock valued at $23,725,000 after acquiring an additional 1,370,000 shares in the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

Wall Street Analyst Weigh In

TAL has been the subject of several recent analyst reports. TheStreet raised TAL Education Group from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. StockNews.com downgraded TAL Education Group from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. raised TAL Education Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $10.00 to $15.00 in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.37.

TAL Education Group Company Profile

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.