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

Laureate Education, Inc. (NASDAQ:LAUR) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 3,440,000 shares, a drop of 16.9% from the October 31st total of 4,140,000 shares. Based on an average trading volume of 651,800 shares, the short-interest ratio is presently 5.3 days.

Insider Activity at Laureate Education

In other news, Director Corro Pedro Del sold 25,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.58, for a total value of $489,500.00. Following the completion of the sale, the director now owns 29,686 shares in the company, valued at approximately $581,251.88. This trade represents a 45.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.32% of the company’s stock.

Institutional Trading of Laureate Education

Large investors have recently made changes to their positions in the stock. nVerses Capital LLC acquired a new position in Laureate Education in the 2nd quarter valued at approximately $25,000. Van ECK Associates Corp boosted its position in Laureate Education by 51.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock valued at $36,000 after buying an additional 763 shares during the last quarter. Quarry LP bought a new position in Laureate Education in the 2nd quarter valued at $50,000. KBC Group NV boosted its position in Laureate Education by 62.3% in the 3rd quarter. KBC Group NV now owns 4,075 shares of the company’s stock valued at $68,000 after buying an additional 1,564 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in Laureate Education in the 3rd quarter valued at $95,000. Institutional investors own 96.27% of the company’s stock.

Laureate Education Stock Up 0.4 %

Shares of Laureate Education stock opened at $19.00 on Monday. The business’s fifty day moving average price is $17.02 and its two-hundred day moving average price is $15.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $2.86 billion, a P/E ratio of 12.03 and a beta of 0.82. Laureate Education has a 1-year low of $12.45 and a 1-year high of $19.98.

Laureate Education (NASDAQ:LAUR) last issued its earnings results on Thursday, October 31st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.40. The business had revenue of $368.60 million for the quarter, compared to analysts’ expectations of $361.80 million. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. As a group, research analysts forecast that Laureate Education will post 1.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lifted their target price on Laureate Education from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st.

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.