TAL Education Group (NYSE:TAL) Short Interest Down 21.7% in May

TAL Education Group (NYSE:TAL) saw a large decrease in short interest in May. As of May 31st, there was short interest totalling 16,290,000 shares, a decrease of 21.7% from the May 15th total of 20,800,000 shares. Based on an average daily trading volume, of 6,640,000 shares, the short-interest ratio is presently 2.5 days.

TAL Education Group Stock Down 2.7 %

Shares of TAL Education Group stock traded down $0.30 on Friday, reaching $10.91. 14,204,502 shares of the stock were exchanged, compared to its average volume of 5,973,927. TAL Education Group has a twelve month low of $5.54 and a twelve month high of $15.52. The business has a 50 day moving average price of $12.05 and a two-hundred day moving average price of $12.21. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of -1,089.91 and a beta of 0.06.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.10. The business had revenue of $429.56 million during the quarter, compared to analysts’ expectations of $389.03 million. TAL Education Group had a negative net margin of 0.24% and a negative return on equity of 0.10%. Research analysts forecast that TAL Education Group will post 0.06 EPS for the current year.

Institutional Investors Weigh In On TAL Education Group

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of TAL Education Group by 1,375.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock valued at $28,000 after buying an additional 2,173 shares during the period. Beck Bode LLC acquired a new position in TAL Education Group in the first quarter valued at approximately $2,908,000. Virtu Financial LLC purchased a new stake in TAL Education Group in the 1st quarter worth approximately $806,000. California State Teachers Retirement System grew its stake in shares of TAL Education Group by 2.4% during the 1st quarter. California State Teachers Retirement System now owns 98,417 shares of the company’s stock worth $1,117,000 after purchasing an additional 2,315 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of TAL Education Group by 5,442.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 825,853 shares of the company’s stock valued at $9,374,000 after purchasing an additional 810,953 shares in the last quarter. 37.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TAL shares. HSBC assumed coverage on shares of TAL Education Group in a research report on Wednesday, May 29th. They issued a “buy” rating and a $16.00 price objective for the company. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.28.

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.