Laureate Education (NASDAQ:LAUR) Sees Unusually-High Trading Volume

Laureate Education, Inc. (NASDAQ:LAUR) shares saw an uptick in trading volume on Wednesday . 208,579 shares changed hands during mid-day trading, a decline of 72% from the previous session’s volume of 753,011 shares.The stock last traded at $16.63 and had previously closed at $16.69.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered 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 Price Performance

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $2.60 billion, a P/E ratio of 22.55 and a beta of 0.81. The company has a fifty day simple moving average of $15.12 and a two-hundred day simple moving average of $14.84.

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Laureate Education had a net margin of 12.64% and a return on equity of 21.37%. The business had revenue of $499.20 million during the quarter, compared to the consensus estimate of $483.69 million. During the same period in the previous year, the firm posted $0.35 earnings per share. Laureate Education’s revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts expect that Laureate Education, Inc. will post 1.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LAUR. The Manufacturers Life Insurance Company increased its holdings in shares of Laureate Education by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 74,753 shares of the company’s stock worth $1,117,000 after acquiring an additional 759 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Laureate Education by 24.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,889 shares of the company’s stock worth $57,000 after purchasing an additional 764 shares in the last quarter. Arizona State Retirement System raised its holdings 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 buying an additional 783 shares during the period. Quarry LP lifted 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 buying an additional 923 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in shares of Laureate Education by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 61,738 shares of the company’s stock valued at $922,000 after buying an additional 958 shares during the period. Institutional investors own 96.27% of the company’s stock.

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.