Arizona State Retirement System raised its position in shares of Laureate Education, Inc. (NASDAQ:LAUR – Get Rating) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,443 shares of the company's stock after purchasing an additional 1,915 shares during the period. Arizona State Retirement System's holdings in Laureate Education were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Laureate Education by 80.4% in the first quarter. Vanguard Group Inc. now owns 10,900,035 shares of the company's stock worth $129,165,000 after buying an additional 4,858,080 shares in the last quarter. BlackRock Inc. grew its stake in shares of Laureate Education by 7.6% during the first quarter. BlackRock Inc. now owns 7,298,312 shares of the company's stock valued at $86,487,000 after buying an additional 512,549 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Laureate Education by 13.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,304,619 shares of the company's stock valued at $51,013,000 after buying an additional 511,333 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Laureate Education by 0.3% during the first quarter. Wellington Management Group LLP now owns 3,172,803 shares of the company's stock valued at $37,597,000 after buying an additional 9,473 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Laureate Education by 8.2% in the first quarter. State Street Corp now owns 2,153,951 shares of the company's stock worth $25,524,000 after purchasing an additional 163,855 shares during the last quarter. 71.37% of the stock is owned by institutional investors.
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Laureate Education Price Performance
LAUR stock opened at $10.80 on Monday. Laureate Education, Inc. has a 52-week low of $9.41 and a 52-week high of $17.45. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 5.23 and a beta of 0.73. The firm has a 50 day moving average price of $11.07 and a 200-day moving average price of $11.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.08.
Laureate Education (NASDAQ:LAUR – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.17). Laureate Education had a negative return on equity of 1.12% and a net
margin of 33.26%. The firm had revenue of $385.40 million during the quarter, compared to analysts' expectations of $373.10 million. Equities research analysts forecast that Laureate Education, Inc. will post 0.41 EPS for the current fiscal year.
Laureate Education Increases Dividend
The business also recently announced a dividend, which was paid on Wednesday, October 12th. Shareholders of record on Wednesday, September 28th were given a $0.83 dividend. This represents a yield of 72.21%. The ex-dividend date of this dividend was Tuesday, September 27th. This is an increase from Laureate Education's previous dividend of $0.58.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley cut their target price on Laureate Education from $15.50 to $15.00 and set an "overweight" rating on the stock in a research note on Friday, October 7th.
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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