Laureate Education (LAUR) Sees Large Volume Increase
Laureate Education Inc (NASDAQ:LAUR) saw an uptick in trading volume on Friday . 2,447,573 shares traded hands during mid-day trading, an increase of 291% from the previous session’s volume of 626,414 shares.The stock last traded at $12.97 and had previously closed at $12.94.
A number of research firms recently weighed in on LAUR. ValuEngine upgraded shares of Laureate Education from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. Piper Jaffray Companies reiterated a “buy” rating and issued a $17.00 price objective on shares of Laureate Education in a research report on Tuesday, August 29th. BMO Capital Markets lowered their price objective on shares of Laureate Education from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 price objective (down from $21.00) on shares of Laureate Education in a research report on Thursday, November 9th. Finally, Credit Suisse Group lowered their price objective on shares of Laureate Education from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $16.82.
The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.82 and a current ratio of 0.82.
Laureate Education (NASDAQ:LAUR) last released its earnings results on Wednesday, November 8th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.41). Laureate Education had a negative net margin of 1.47% and a negative return on equity of 2.66%. The business had revenue of $983.40 million during the quarter, compared to analyst estimates of $972.59 million. Laureate Education’s quarterly revenue was up 5.8% compared to the same quarter last year. equities research analysts anticipate that Laureate Education Inc will post -1.58 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in Laureate Education in the second quarter valued at $122,000. SG Americas Securities LLC acquired a new stake in Laureate Education in the third quarter valued at $138,000. Legal & General Group Plc lifted its holdings in Laureate Education by 61.2% in the second quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock valued at $150,000 after acquiring an additional 3,240 shares during the period. First Mercantile Trust Co. acquired a new position in shares of Laureate Education during the 2nd quarter worth $150,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Laureate Education during the 2nd quarter worth $208,000. 28.39% of the stock is owned by institutional investors.
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Laureate Education Company Profile
Laureate Education, Inc provides higher education programs and services to students through an international network of licensed universities and higher education institutions (institutions). The Company’s programs are provided through institutions that are campus-based and Internet-based, or through electronically distributed educational programs (online).
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