Stock traders buy high volume of put options from TAL Education Group (NYSE: TAL)
On Friday, TAL Education Group (NYSE: TAL – Get Rating) was the beneficiary of unusual options trades. Investors bought 29,059 put options on the stock. This represents an increase of approximately 319% from the typical daily volume of 6,935 put options.
Institutional entries and exits
A number of hedge funds and other institutional investors have recently changed their stock holdings. Sequoia Financial Advisors LLC increased its position in TAL Education Group shares by 14.1% during the second quarter. Sequoia Financial Advisors LLC now owns 16,606 shares of the company worth $81,000 after acquiring 2,055 additional shares in the last quarter. Victory Capital Management Inc. increased its position in TAL Education Group shares by 2.8% in the second quarter. Victory Capital Management Inc. now owns 93,405 shares of the company worth $455,000 after acquiring 2,542 additional shares in the last quarter. Hsbc Holdings PLC increased its position in TAL Education Group by 0.4% in the first quarter. Hsbc Holdings PLC now owns 1,002,434 shares of the company valued at $3,018,000 after purchasing an additional 3,648 shares during the period. Samalin Investment Counsel LLC increased its stake in TAL Education Group shares by 10.0% in the first quarter. Samalin Investment Counsel LLC now owns 40,518 shares of the company worth $122,000 after acquiring 3,700 additional shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in TAL Education Group shares by 13.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 33,258 shares of the company worth $162,000 after purchasing an additional 3,912 shares in the last quarter. Institutional investors and hedge funds hold 46.12% of the company’s shares.
TAL Education Group Price Performance
NYSE: TAL traded at $0.40 during Friday trading hours, hitting $4.37. 18,138,817 shares of the company were traded, compared to its average volume of 8,781,646. The company’s 50-day moving average is $4.88 and its 200-day moving average is 4.43 $. TAL Education Group has a 1-year minimum of $1.60 and a 1-year maximum of $6.72.
TAL Education Group (NYSE:TAL – Get Rating) last reported quarterly earnings data on Friday, July 29. The company reported ($0.07) earnings per share (EPS) for the quarter. The company posted revenue of $224.05 million for the quarter, versus a consensus estimate of $336.84 million. On average, analysts expect TAL Education Group to post -0.51 EPS for the current fiscal year.
Changes to analyst ratings
Separately, StockNews.com launched coverage on TAL Education Group in a Wednesday, October 12 report. They issued a “sell” rating for the company. One analyst rated the stock with a sell rating, two gave the stock a hold rating and two gave the stock a buy rating. According to data from MarketBeat.com, TAL Education Group has an average rating of “Hold”.
TAL Education Group Company Profile
(Get an evaluation)
TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. The company provides tutoring services for K-12 students covering a variety of academic subjects, including math, physics, chemistry, biology, history, geography, political science, English and language. Chinese.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider TAL Education Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and TAL Education Group was not on the list.
While TAL Education Group currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here