Los Angeles Capital Management LLC Sells 79,910 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Los Angeles Capital Management LLC reduced its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 83.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,496 shares of the company’s stock after selling 79,910 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Laureate Education were worth $232,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. nVerses Capital LLC bought a new stake in shares of Laureate Education during the second quarter valued at approximately $25,000. Quarry LP lifted its holdings 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 during the period. Allspring Global Investments Holdings LLC lifted its holdings in Laureate Education by 24.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,889 shares of the company’s stock valued at $57,000 after buying an additional 764 shares during the period. SG Americas Securities LLC acquired a new position in Laureate Education in the first quarter valued at approximately $151,000. Finally, CenterBook Partners LP acquired a new position in Laureate Education in the fourth quarter valued at approximately $195,000. 96.27% of the stock is owned by institutional investors.

Laureate Education Trading Up 8.2 %

LAUR opened at $16.50 on Monday. The firm’s fifty day moving average is $15.03 and its two-hundred day moving average is $14.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $2.52 billion, a PE ratio of 22.30 and a beta of 0.81. Laureate Education, Inc. has a twelve month low of $12.45 and a twelve month high of $17.60.

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

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered shares of Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price objective on the stock. in a report on Friday, July 26th.

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.