Quarry LP Takes Position in Laureate Education, Inc. (NASDAQ:LAUR)

Quarry LP acquired a new position in shares of Laureate Education, Inc. (NASDAQ:LAUR) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,347 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds have also recently made changes to their positions in LAUR. nVerses Capital LLC bought a new position in Laureate Education in the second quarter worth about $25,000. Allspring Global Investments Holdings LLC raised its stake in shares of Laureate Education by 24.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,889 shares of the company’s stock worth $57,000 after acquiring an additional 764 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Laureate Education during the first quarter valued at approximately $151,000. Marshall Wace LLP boosted its stake in Laureate Education by 9.5% in the second quarter. Marshall Wace LLP now owns 11,500 shares of the company’s stock valued at $172,000 after acquiring an additional 1,000 shares in the last quarter. Finally, CenterBook Partners LP purchased a new position in Laureate Education in the fourth quarter worth $195,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Laureate Education Stock Performance

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

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

Analyst Ratings Changes

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 report on Friday, July 26th.

About Laureate Education

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.