Laureate Education, Inc. (NASDAQ:LAUR – Get Rating) saw a large increase in short interest in the month of December. As of December 30th, there was short interest totalling 2,740,000 shares, an increase of 11.8% from the December 15th total of 2,450,000 shares. Based on an average daily volume of 1,620,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 3.0% of the company’s shares are short sold.
Analysts Set New Price Targets
Separately, Morgan Stanley lowered their target price on Laureate Education from $15.50 to $15.00 and set an “overweight” rating for the company in a report on Friday, October 7th.
Laureate Education Price Performance
LAUR stock opened at $10.70 on Monday. The stock has a 50-day moving average price of $10.08 and a two-hundred day moving average price of $10.93. The stock has a market cap of $1.76 billion, a PE ratio of 31.47 and a beta of 0.77. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.09. Laureate Education has a 1 year low of $9.24 and a 1 year high of $13.35.
In other news, major shareholder Kkr Group Partnership L.P. sold 32,842,183 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $9.41, for a total value of $309,044,942.03. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Laureate Education
A number of large investors have recently modified their holdings of the business. Clear Harbor Asset Management LLC boosted its stake in shares of Laureate Education by 9.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 58,673 shares of the company’s stock worth $564,000 after buying an additional 5,000 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Laureate Education during the 4th quarter worth about $4,286,000. Bank of New York Mellon Corp boosted its stake in shares of Laureate Education by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,166,047 shares of the company’s stock worth $22,852,000 after buying an additional 23,320 shares during the last quarter. Bridgefront Capital LLC acquired a new position in shares of Laureate Education during the 3rd quarter worth about $107,000. Finally, Balyasny Asset Management LLC acquired a new position in shares of Laureate Education during the 3rd quarter worth about $328,000. 71.25% of the stock is currently owned by institutional investors and hedge funds.
About Laureate Education
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. The company offers 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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