Laureate Education, Inc. (NASDAQ:LAUR – Get Rating) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 2,510,000 shares, a drop of 8.4% from the December 31st total of 2,740,000 shares. Based on an average daily volume of 1,730,000 shares, the short-interest ratio is currently 1.5 days. Currently, 2.7% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley lowered their price target on shares of Laureate Education from $15.50 to $15.00 and set an “overweight” rating on the stock in a report on Friday, October 7th.
Laureate Education Stock Up 0.5 %
Laureate Education stock opened at $10.98 on Wednesday. The stock has a market cap of $1.81 billion, a P/E ratio of 32.29 and a beta of 0.77. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.09. Laureate Education has a twelve month low of $9.24 and a twelve month high of $13.35. The company’s 50-day moving average price is $10.09 and its two-hundred day moving average price is $10.91.
Laureate Education (NASDAQ:LAUR – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Laureate Education has a net margin of 4.72% and a return on equity of 2.59%. The firm had revenue of $301.00 million for the quarter, compared to analysts’ expectations of $293.34 million. As a group, analysts expect that Laureate Education will post 0.46 EPS for the current year.
Insider Activity at Laureate Education
In related news, the major shareholder of Kkr Group Partnership LP sold 32,842,183 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $9.41, for a total value of $309,044,942.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via the SEC website. 2.10% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of Laureate Education by 31.9% during the 3rd quarter. Royal Bank of Canada now owns 3,481 shares of the company’s stock worth $37,000 after purchasing an additional 841 shares in the last quarter. Investnet Asset Management Inc. grew its position in shares of Laureate Education by 5.0% during the 3rd quarter. Investnet Asset Management Inc. now owns 18,175 shares of the company’s stock worth $192,000 after purchasing an additional 872 shares in the last quarter. Arizona State Retirement System grew its position in shares of Laureate Education by 6.5% during the 2nd quarter. Arizona State Retirement System now owns 31,443 shares of the company’s stock worth $364,000 after purchasing an additional 1,915 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Laureate Education by 5.5% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 37,182 shares of the company’s stock worth $430,000 after purchasing an additional 1,926 shares in the last quarter. Finally, Shay Capital LLC lifted its holdings in shares of Laureate Education by 13.3% during the 1st quarter. Shay Capital LLC now owns 17,000 shares of the company’s stock worth $201,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 71.25% of the company’s stock.
About Laureate Education
Laureate Education, Inc engages in the provision of higher educational services to undergraduate and graduate degree programs. It operates through the Mexico segment and Peru segment. The Mexico and Peru segments include the operation and management of universities. The company was founded by Douglas L.
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