Laureate Education (NASDAQ:LAUR) Sets New 52-Week High – Here’s Why

Shares of Laureate Education, Inc. (NASDAQ:LAUR) reached a new 52-week high during trading 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 Ratings Changes

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

Laureate Education Trading Up 8.0 %

The company has a fifty day moving average of $19.62 and a 200-day moving average of $18.87. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 11.49 and a beta of 0.59. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15.

Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.42 by $0.20. The firm 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%. As a group, equities research analysts anticipate that Laureate Education, Inc. will post 1.51 earnings per share for the current fiscal year.

Insider Transactions at Laureate Education

In other Laureate Education news, Director Ian Kendell Snow sold 520,831 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Laureate Education

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. North of South Capital LLP purchased a new stake in Laureate Education in the 4th quarter valued at $22,973,000. Union Bancaire Privee UBP SA acquired a new stake in Laureate Education during the fourth quarter worth about $15,057,000. Brandywine Global Investment Management LLC purchased a new position in Laureate Education during the fourth quarter worth about $9,353,000. Renaissance Technologies LLC boosted its holdings in Laureate Education by 2,702.0% in the 4th quarter. Renaissance Technologies LLC now owns 285,800 shares of the company’s stock valued at $5,227,000 after purchasing an additional 275,600 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Laureate Education by 18.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,663,351 shares of the company’s stock valued at $30,424,000 after buying an additional 263,418 shares during the period. Institutional investors and hedge funds own 96.27% of the company’s stock.

Laureate Education Company Profile

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.