By otakuyassine3@gmail.com 
Laureate Education, Inc. (NASDAQ:LAUR – Get Free Report) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 3,010,000 shares, a decrease of 20.4% from the December 31st total of 3,780,000 shares. Based on an average daily volume of 615,600 shares, the days-to-cover ratio is presently 4.9 days.
Laureate Education Trading Down 1.8 %
Shares of Laureate Education stock traded down $0.34 on Friday, reaching $18.72. The company had a trading volume of 564,042 shares, compared to its average volume of 474,620. The firm’s 50 day moving average price is $18.65 and its two-hundred day moving average price is $16.87. The firm has a market cap of $2.82 billion, a PE ratio of 11.85 and a beta of 0.83. Laureate Education has a 52-week low of $12.52 and a 52-week high of $19.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63.
Laureate Education (NASDAQ:LAUR – Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.40. The business had revenue of $368.60 million for the quarter, compared to the consensus estimate of $361.80 million. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. Sell-side analysts predict that Laureate Education will post 1.42 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets lifted their target price on shares of Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 1st.
View Our Latest Report on LAUR
Insider Buying and Selling at Laureate Education
In other Laureate Education news, Director Corro Pedro Del sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $19.58, for a total transaction of $489,500.00. Following the transaction, the director now owns 29,686 shares in the company, valued at approximately $581,251.88. This represents a 45.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.32% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Laureate Education
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. acquired a new position in shares of Laureate Education in the second quarter valued at approximately $1,337,000. Marshall Wace LLP grew its holdings in Laureate Education by 9.5% during the 2nd quarter. Marshall Wace LLP now owns 11,500 shares of the company’s stock worth $172,000 after acquiring an additional 1,000 shares in the last quarter. Millennium Management LLC grew its holdings in Laureate Education by 60.8% during the 2nd quarter. Millennium Management LLC now owns 209,211 shares of the company’s stock worth $3,126,000 after acquiring an additional 79,083 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Laureate Education by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,753 shares of the company’s stock worth $1,117,000 after acquiring an additional 759 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Laureate Education by 4.6% during the 2nd quarter. Mackenzie Financial Corp now owns 22,399 shares of the company’s stock worth $335,000 after acquiring an additional 981 shares in the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.
Laureate Education Company Profile
Laureate Education, Inc, together with its subsidiaries, offers higher education programs and services to students through a network of universities and higher education institutions. The company provides a range of undergraduate and graduate degree programs in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.
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