Laureate Education (NASDAQ:LAUR) Reaches New 52-Week High – Here’s What Happened

Laureate Education, Inc. (NASDAQ:LAUR) shares hit a new 52-week high on Thursday . The stock traded as high as $19.25 and last traded at $19.01, with a volume of 29345 shares traded. The stock had previously closed at $18.88.

Analyst Ratings Changes

Several equities research analysts have weighed in on LAUR shares. BMO Capital Markets increased their price target on Laureate Education from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley downgraded Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price target on the stock. in a research report on Friday, July 26th.

Laureate Education Price Performance

The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 11.95 and a beta of 0.82. The stock has a 50-day moving average price of $16.65 and a 200 day moving average price of $15.63.

Laureate Education (NASDAQ:LAUR) last posted its earnings results on Thursday, October 31st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.40. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. The firm had revenue of $368.60 million for the quarter, compared to analysts’ expectations of $361.80 million. During the same period last year, the firm earned $0.23 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts expect that Laureate Education, Inc. will post 1.42 earnings per share for the current year.

Institutional Investors Weigh In On Laureate Education

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Laureate Education by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 14,231,273 shares of the company’s stock worth $207,350,000 after buying an additional 136,865 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in Laureate Education by 2.2% in the 2nd quarter. Van Berkom & Associates Inc. now owns 6,951,804 shares of the company’s stock worth $103,860,000 after buying an additional 151,397 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Laureate Education by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,185,347 shares of the company’s stock worth $52,918,000 after buying an additional 10,447 shares during the last quarter. State Street Corp boosted its holdings in Laureate Education by 2.2% in the 3rd quarter. State Street Corp now owns 3,116,661 shares of the company’s stock worth $51,768,000 after buying an additional 68,122 shares during the last quarter. Finally, Engine Capital Management LP boosted its holdings in Laureate Education by 3.7% in the 2nd quarter. Engine Capital Management LP now owns 2,927,487 shares of the company’s stock worth $43,737,000 after buying an additional 104,232 shares during the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.

About Laureate Education

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.