Laureate Education, Inc. (NASDAQ:LAUR – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 4,970,000 shares, a growth of 5.3% from the June 15th total of 4,720,000 shares. Based on an average daily volume of 799,000 shares, the days-to-cover ratio is presently 6.2 days.
Laureate Education Trading Down 2.3 %
LAUR stock opened at $15.15 on Friday. The firm has a fifty day moving average price of $15.11 and a 200 day moving average price of $14.19. Laureate Education has a fifty-two week low of $12.32 and a fifty-two week high of $16.60. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market cap of $2.39 billion, a PE ratio of 20.47 and a beta of 0.79.
Laureate Education (NASDAQ:LAUR – Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). Laureate Education had a net margin of 8.19% and a return on equity of 13.98%. The business had revenue of $275.40 million during the quarter, compared to analysts’ expectations of $269.35 million. During the same period last year, the business posted ($0.17) earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts anticipate that Laureate Education will post 1.29 earnings per share for the current fiscal year.
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of LAUR. Vanguard Group Inc. boosted its stake in Laureate Education by 1.4% during the third quarter. Vanguard Group Inc. now owns 13,986,149 shares of the company’s stock worth $197,205,000 after buying an additional 187,400 shares during the period. Diversified Trust Co boosted its stake in Laureate Education by 5.8% during the fourth quarter. Diversified Trust Co now owns 23,135 shares of the company’s stock worth $317,000 after buying an additional 1,259 shares during the period. Nordea Investment Management AB purchased a new position in Laureate Education during the fourth quarter worth $390,000. Raymond James & Associates purchased a new position in Laureate Education during the fourth quarter worth $316,000. Finally, Asset Management One Co. Ltd. purchased a new position in Laureate Education during the fourth quarter worth $980,000. 96.27% of the stock is owned by hedge funds and other institutional investors.
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.
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