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

Laureate Education, Inc. (NASDAQ:LAUR) hit a new 52-week high on Friday . The stock traded as high as $21.80 and last traded at $21.74, with a volume of 158932 shares changing hands. The stock had previously closed at $20.64.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets raised their price target on Laureate Education from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, February 24th.

Laureate Education Trading Up 8.0 %

The business has a 50 day moving average of $19.62 and a two-hundred day moving average of $18.84. 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 firm has a market cap of $3.36 billion, a P/E ratio of 11.49 and a beta of 0.43.

Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. The company had revenue of $423.40 million during the quarter, compared to analysts’ expectations of $411.50 million. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. Analysts predict that Laureate Education, Inc. will post 1.51 earnings per share for the current year.

Insider Buying and Selling at Laureate Education

In other news, Director Ian Kendell Snow sold 520,831 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $17.47, for a total value of $9,098,917.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Trading of Laureate Education

Several hedge funds and other institutional investors have recently bought and sold shares of LAUR. J.Safra Asset Management Corp raised its position in shares of Laureate Education by 34.4% in the fourth quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company’s stock valued at $61,000 after buying an additional 866 shares in the last quarter. Blue Trust Inc. bought a new position in Laureate Education during the 1st quarter worth $62,000. Avanza Fonder AB acquired a new position in Laureate Education in the 1st quarter valued at $93,000. CWM LLC lifted its position in shares of Laureate Education by 260.1% during the 1st quarter. CWM LLC now owns 4,901 shares of the company’s stock valued at $100,000 after acquiring an additional 3,540 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Laureate Education during the 1st quarter worth $102,000. Institutional investors and hedge funds 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.