Morgan Stanley lowered shares of Laureate Education (NASDAQ:LAUR – Free Report) from an overweight rating to an equal weight rating in a research note published on Friday morning, MarketBeat reports. They currently have $17.00 price objective on the stock.
Laureate Education Price Performance
Laureate Education stock opened at $14.98 on Friday. The stock has a market cap of $2.36 billion, a P/E ratio of 20.24 and a beta of 0.80. The company has a fifty day simple moving average of $14.95 and a 200-day simple moving average of $14.31. Laureate Education has a 12-month low of $12.32 and a 12-month high of $16.60. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.19.
Laureate Education (NASDAQ:LAUR – Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.12). The firm had revenue of $275.40 million for the quarter, compared to analysts’ expectations of $269.35 million. Laureate Education had a return on equity of 13.98% and a net margin of 8.19%. Laureate Education’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the firm posted ($0.17) earnings per share. Equities analysts expect that Laureate Education will post 1.33 EPS for the current fiscal year.
Insider Buying and Selling
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Quarry LP increased its stake in Laureate Education by 52.4% in the fourth quarter. Quarry LP now owns 2,683 shares of the company’s stock valued at $37,000 after purchasing an additional 923 shares during the period. Allspring Global Investments Holdings LLC increased its stake in 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 increased its stake in Laureate Education by 14.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,539 shares of the company’s stock valued at $103,000 after purchasing an additional 955 shares during the period. SG Americas Securities LLC acquired a new position in Laureate Education in the first quarter valued at $151,000. Finally, CenterBook Partners LP acquired a new position in Laureate Education in the fourth quarter valued at $195,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.
Laureate Education Company Profile
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.
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