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

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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.

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