Laureate Education, Inc. (NASDAQ:LAUR – Get Rating)'s stock price dropped 7.2% during trading on Friday . The stock traded as low as $11.00 and last traded at $11.04. Approximately 44,470 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 624,347 shares. The stock had previously closed at $11.90.
Analysts Set New Price Targets
Separately, Morgan Stanley raised their price objective on Laureate Education from $15.10 to $15.50 and gave the company an "overweight" rating in a research report on Tuesday, May 31st.
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Laureate Education Stock Performance
The firm has a market capitalization of $1.89 billion, a PE ratio of 6.63 and a beta of 0.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a 50-day moving average price of $11.78 and a 200-day moving average price of $11.93.
Laureate Education (NASDAQ:LAUR – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.24). The firm had revenue of $209.60 million during the quarter, compared to the consensus estimate of $199.20 million. Laureate Education had a net
margin of 28.42% and a negative return on equity of 6.59%. On average, research analysts expect that Laureate Education, Inc. will post 0.75 EPS for the current fiscal year.
Insider Activity at Laureate Education
In other Laureate Education news, Director Cohen Steven A/Sac Capital Mgm sold 114,889 shares of Laureate Education stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $11.45, for a total value of $1,315,479.05. Following the completion of the transaction, the director now directly owns 250,000 shares in the company, valued at $2,862,500. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 515,986 shares of company stock valued at $5,717,032 over the last three months. 2.10% of the stock is owned by insiders.
Hedge Funds Weigh In On Laureate Education
Hedge funds and other institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale acquired a new position in shares of Laureate Education during the second quarter worth approximately $238,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Laureate Education by 5.5% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 37,182 shares of the company's stock worth $430,000 after buying an additional 1,926 shares during the period. SG Americas Securities LLC raised its holdings in Laureate Education by 329.1% during the second quarter. SG Americas Securities LLC now owns 87,928 shares of the company's stock worth $1,017,000 after purchasing an additional 67,435 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in Laureate Education during the second quarter worth approximately $2,235,000. Finally, Arizona State Retirement System raised its holdings in Laureate Education by 6.5% during the second 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. 72.85% of the stock is currently owned by institutional investors and hedge funds.
About Laureate Education
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Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. The company offers 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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