Algert Global LLC Lowers Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

Algert Global LLC lowered its position in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 85.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,351 shares of the company’s stock after selling 389,899 shares during the period. Algert Global LLC’s holdings in Laureate Education were worth $991,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LAUR. Fourth Sail Capital LP increased its position in Laureate Education by 109.3% during the 1st quarter. Fourth Sail Capital LP now owns 2,122,092 shares of the company’s stock valued at $30,919,000 after purchasing an additional 1,108,142 shares during the period. Swedbank AB bought a new position in Laureate Education in the first quarter worth approximately $11,241,000. First Pacific Advisors LP raised its stake in Laureate Education by 32.5% in the first quarter. First Pacific Advisors LP now owns 813,781 shares of the company’s stock worth $11,857,000 after buying an additional 199,423 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Laureate Education by 218.5% during the second quarter. Harbor Capital Advisors Inc. now owns 268,412 shares of the company’s stock worth $4,010,000 after buying an additional 184,139 shares during the period. Finally, Van Berkom & Associates Inc. boosted its position in Laureate Education by 2.2% during the 2nd quarter. Van Berkom & Associates Inc. now owns 6,951,804 shares of the company’s stock valued at $103,860,000 after acquiring an additional 151,397 shares in the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price objective for the company. in a research note on Friday, July 26th.

Laureate Education Trading Up 1.4 %

NASDAQ LAUR opened at $15.80 on Friday. The firm has a market cap of $2.49 billion, a PE ratio of 21.35 and a beta of 0.81. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $17.60. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $15.45 and a 200 day moving average price of $15.08.

Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.63 by $0.20. Laureate Education had a return on equity of 21.37% and a net margin of 12.64%. The firm had revenue of $499.20 million during the quarter, compared to analyst estimates of $483.69 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Laureate Education, Inc. will post 1.41 EPS for the current fiscal year.

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.