Laureate Education (NASDAQ:LAUR) Sets New 52-Week High at $16.37

Laureate Education, Inc. (NASDAQ:LAUR) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $16.37 and last traded at $16.32, with a volume of 859922 shares. The stock had previously closed at $16.32.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of Laureate Education from a “c+” rating to a “b” rating in a research report on Monday, February 26th.

Laureate Education Stock Performance

The firm has a fifty day moving average price of $14.33 and a 200-day moving average price of $13.65. The company has a market capitalization of $2.57 billion, a P/E ratio of 22.05 and a beta of 0.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.55 and a quick ratio of 0.55.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). The business had revenue of $275.40 million during the quarter, compared to the consensus estimate of $269.35 million. Laureate Education had a net margin of 8.19% and a return on equity of 13.98%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.17) EPS. On average, equities research analysts anticipate that Laureate Education, Inc. will post 1.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Ian Kendell Snow sold 2,114,928 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP raised its stake in Laureate Education by 52.4% in the 4th quarter. Quarry LP now owns 2,683 shares of the company’s stock valued at $37,000 after acquiring an additional 923 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Laureate Education by 24.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,889 shares of the company’s stock valued at $57,000 after purchasing an additional 764 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Laureate Education by 33.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 6,584 shares of the company’s stock valued at $93,000 after buying an additional 1,633 shares in the last quarter. SG Americas Securities LLC bought a new position in Laureate Education in the 1st quarter worth approximately $151,000. Finally, CenterBook Partners LP purchased a new position in Laureate Education in the 4th quarter valued at approximately $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.