Duality Advisers LP bought a new position in shares of Laureate Education, Inc. (NASDAQ:LAUR – Get Rating) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 134,539 shares of the company's stock, valued at approximately $1,594,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Maverick Capital Ltd. bought a new position in Laureate Education during the fourth quarter worth about $64,000. Daiwa Securities Group Inc. lifted its stake in Laureate Education by 34.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 7,100 shares of the company's stock worth $87,000 after purchasing an additional 1,800 shares during the period. Gladius Capital Management LP bought a new position in Laureate Education during the first quarter worth about $96,000. Robeco Institutional Asset Management B.V. bought a new position in Laureate Education during the first quarter worth about $116,000. Finally, GSA Capital Partners LLP bought a new position in Laureate Education during the fourth quarter worth about $149,000. 72.85% of the stock is owned by institutional investors and hedge funds.
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Insider Activity
In related news, Director Cohen Steven A/Sac Capital Mgm sold 114,889 shares of the business's stock in a transaction that occurred on Tuesday, June 21st. The shares were 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 owns 250,000 shares in the company, valued at approximately $2,862,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 515,986 shares of company stock worth $5,717,032. Insiders own 2.10% of the company's stock.
Analysts Set New Price Targets
Separately, Morgan Stanley lifted their target price on shares of Laureate Education from $15.10 to $15.50 and gave the company an "overweight" rating in a research note on Tuesday, May 31st.
Laureate Education Stock Performance
NASDAQ:LAUR opened at $11.18 on Tuesday. Laureate Education, Inc. has a 1 year low of $9.41 and a 1 year high of $19.02. The firm has a 50 day moving average of $11.69 and a 200-day moving average of $11.92. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.93 billion, a P/E ratio of 5.35 and a beta of 0.79.
Laureate Education Profile
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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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