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

Laureate Education, Inc. (NASDAQ:LAUR)’s share price reached 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 trading hands. The stock had previously closed at $18.88.

Analyst Ratings Changes

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

Laureate Education Stock Up 0.6 %

The company has a market cap of $2.86 billion, a P/E ratio of 11.95 and a beta of 0.82. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $16.65 and its 200 day moving average is $15.63.

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

Hedge Funds Weigh In On Laureate Education

A number of large investors have recently made changes to their positions in LAUR. Nisa Investment Advisors LLC increased its position in shares of Laureate Education by 3.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 22,174 shares of the company’s stock valued at $368,000 after acquiring an additional 682 shares during the period. The Manufacturers Life Insurance Company grew its position in Laureate Education by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,753 shares of the company’s stock worth $1,117,000 after purchasing an additional 759 shares during the period. Van ECK Associates Corp grew its position in Laureate Education by 51.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock worth $36,000 after purchasing an additional 763 shares during the period. Arizona State Retirement System grew its position in Laureate Education by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 37,499 shares of the company’s stock worth $560,000 after purchasing an additional 783 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in Laureate Education by 1.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 62,777 shares of the company’s stock worth $1,043,000 after purchasing an additional 896 shares during the period. 96.27% of the stock is 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.