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

Laureate Education, Inc. (NASDAQ:LAURGet 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.

Laureate Education (NASDAQ:LAURGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Laureate Education had a net margin of 4.72% and a return on equity of 2.59%. The company had revenue of $301.00 million during the quarter, compared to the consensus estimate of $293.34 million. Equities analysts forecast that Laureate Education will post 0.45 EPS for the current fiscal year.

Insider Activity

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

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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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