IndexIQ Advisors LLC bought a new position in Laureate Education, Inc. (NASDAQ:LAUR – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 32,138 shares of the company's stock, valued at approximately $381,000.
Other hedge funds also recently made changes to their positions in the company. Maverick Capital Ltd. acquired a new stake in shares of Laureate Education in the 4th quarter worth $64,000. Daiwa Securities Group Inc. lifted its stake in shares of Laureate Education by 34.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 7,100 shares of the company's stock worth $87,000 after acquiring an additional 1,800 shares during the period. Gladius Capital Management LP purchased a new position in shares of Laureate Education in the 1st quarter valued at about $96,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Laureate Education in the 1st quarter valued at about $116,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Laureate Education in the 4th quarter valued at about $149,000. Institutional investors and hedge funds own 72.85% of the company's stock.
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Laureate Education Stock Performance
Shares of LAUR opened at $11.26 on Friday. The company has a 50-day simple moving average of $11.60 and a 200-day simple moving average of $11.91. The company has a quick ratio of 1.15, a current ratio of 1.08 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.94 billion, a PE ratio of 5.39 and a beta of 0.79. Laureate Education, Inc. has a 52-week low of $9.41 and a 52-week high of $19.02.
Insider Buying and Selling at Laureate Education
In other Laureate Education news, Director Cohen Steven A/Sac Capital Mgm sold 114,889 shares of the firm's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $11.45, for a total transaction of $1,315,479.05. Following the completion of the transaction, the director now directly owns 250,000 shares in the company, valued at approximately $2,862,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 515,986 shares of company stock worth $5,717,032. 2.10% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley increased their price target on shares of Laureate Education from $15.10 to $15.50 and gave the company an "overweight" rating in a report on Tuesday, May 31st.
Laureate Education Company 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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