Laureate Education, Inc. (NASDAQ:LAUR) Short Interest Update

Laureate Education, Inc. (NASDAQ:LAUR) 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) 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

In other Laureate Education news, Director Corro Pedro Del sold 5,957 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $16.31, for a total value of $97,158.67. Following the completion of the transaction, the director now directly owns 46,729 shares in the company, valued at approximately $762,149.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Laureate Education news, Director Corro Pedro Del sold 5,957 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $16.31, for a total value of $97,158.67. Following the completion of the transaction, the director now directly owns 46,729 shares in the company, valued at approximately $762,149.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ian Kendell Snow sold 2,114,928 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $14.64, for a total value of $30,962,545.92. The disclosure for this sale can be found here. Insiders sold 2,122,190 shares of company stock worth $31,080,297 in the last three months. 2.32% of the stock is owned by company insiders.

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.