Laureate Education (NASDAQ:LAUR – Get Free Report) was downgraded by equities research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Friday, MarketBeat Ratings reports. They presently have a $17.00 target price on the stock. Morgan Stanley’s price target points to a potential upside of 17.40% from the company’s previous close.
Laureate Education Stock Performance
NASDAQ LAUR opened at $14.48 on Friday. Laureate Education has a 1 year low of $12.32 and a 1 year high of $16.60. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.55 and a quick ratio of 0.55. The stock has a market capitalization of $2.28 billion, a PE ratio of 19.57 and a beta of 0.79. The company’s 50 day simple moving average is $14.98 and its two-hundred day simple moving average is $14.28.
Laureate Education (NASDAQ:LAUR – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.12). The company had revenue of $275.40 million for the quarter, compared to analysts’ expectations of $269.35 million. Laureate Education had a net margin of 8.19% and a return on equity of 13.98%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.17) EPS. Analysts predict that Laureate Education will post 1.33 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Ian Kendell Snow sold 2,114,928 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $14.64, for a total transaction of $30,962,545.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Ian Kendell Snow sold 2,114,928 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $14.64, for a total transaction of $30,962,545.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Corro Pedro Del sold 5,957 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $16.31, for a total transaction of $97,158.67. Following the transaction, the director now directly owns 46,729 shares in the company, valued at approximately $762,149.99. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,122,190 shares of company stock worth $31,080,297. 2.32% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Laureate Education
Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP grew its holdings in shares of Laureate Education by 52.4% during the 4th quarter. Quarry LP now owns 2,683 shares of the company’s stock valued at $37,000 after purchasing an additional 923 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Laureate Education by 24.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,889 shares of the company’s stock worth $57,000 after acquiring an additional 764 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Laureate Education by 14.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,539 shares of the company’s stock worth $103,000 after acquiring an additional 955 shares during the last quarter. SG Americas Securities LLC bought a new stake in Laureate Education in the 1st quarter worth $151,000. Finally, CenterBook Partners LP bought a new stake in Laureate Education in the 4th quarter worth $195,000. Institutional investors own 96.27% of the company’s stock.
About Laureate Education
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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Source: defenseworld.net
