The most recent Form 13F filing that Putnam Investments LLC made with the Securities and Exchange Commission revealed that during the third quarter, the company’s holdings in Laureate Education, INC (NASDAQ: LAUR) were reduced by 11.0%.
After selling 18,808 shares of the company’s stock during that period, the corporation ended the period with a total holding of 152,720 shares.
According to the most recent report that Putnam Investments LLC submitted to the SEC, the company held 0.09% of Laureate Education, which had a market value of $1,611,000.
Laureate Education (NASDAQ: LAUR) made the data that it had gathered and compiled regarding its quarterly results available for public consumption on Thursday, February 23rd.
During the period covered by the report, the business achieved an average profit of $0.22 per share.
The company’s most recent quarter’s revenue came in at $346.30 million, which is significantly higher than the consensus projection of $334.29 million for that quarter’s revenue.
The return on equity for Laureate Education was 7.06 percent, and the company’s net margin was 5.59%.
Analysts who work on the sell side anticipate that Laureate Education, INC will produce earnings of $0.83 per share during the current fiscal year.
When the market opened on Tuesday, the price of LAUR was 11.43 dollars per ounce.
The company’s market capitalization is currently at $1.79 billion, while its price-to-earnings ratio stands at 25.98, and its beta coefficient sits at 0.76.
The lowest price that Laureate Education, INC has been at in the past year is $9.24, while the company’s all-time high was $13.35.
The price of the company’s stock is currently trading at a fifty-day moving average of $10.83 and a 200-day moving average of $10.85.
The debt-to-equity ratio, the current ratio, and the quick ratio all have the same value of 0.59.
All three ratios share this value.
Certain institutional investors have modified the current quantity of LAUR that they own to account for the impact of this change.
Envestnet Asset Management INC bought additional shares of Laureate Education during the first three months of the year.
The value of this investment was about $205,000. JPMorgan Chase & Co increased the proportion of Laureate Education stock owned by 188.5% over the year’s first three months. JPMorgan Chase & Co now has a total holding of 228,496 shares of the company’s stock, worth $2,708,000, following the acquisition of an additional 149,288 shares during the quarter. Raymond James & Associates increased the proportion of Laureate Education stock they owned by 41.3% over the first three months of the year. Following the purchase of an additional 13,226 shares during the relevant period, Raymond James & Associates now holds a total of 45,271 shares in the company, which have an intrinsic value of $536,000 thanks to these recent acquisitions.
MetLife Investment Management LLC increased the amount of Laureate Education stock owned by 73.7% over the year’s first three months.
After purchasing an additional 22,681 shares throughout the period, MetLife Investment Management LLC now owns 53,452 shares in the company.
Based on the current market price, these shares are worth $633,000 to the company. Not to mention, during the first three months of this year, BlackRock INC increased the proportion of its investments that were made in Laureate Education by 7.6 percent.
BlackRock INC now has 7,298,312 shares of the company’s stock, currently valued at $86,487,000, after purchasing an additional 512,549 shares during the period in question.
At present, institutional investors own 71.25 percent of the equity in the company.
Laureate Education, INC is a company that provides higher education services, and students who are enrolled in either undergraduate or graduate degree programs are eligible to utilize these services.
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Source: beststocks.com
