BMO Capital Markets Issues Positive Forecast for Laureate Education (NASDAQ:LAUR) Stock Price

Laureate Education (NASDAQ:LAUR) had its price objective boosted by BMO Capital Markets from $21.00 to $23.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Laureate Education Price Performance

LAUR opened at $19.28 on Monday. Laureate Education has a 1 year low of $12.97 and a 1 year high of $21.73. 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 $2.91 billion, a price-to-earnings ratio of 9.94 and a beta of 0.84. The firm’s fifty day moving average price is $18.92 and its two-hundred day moving average price is $17.43.

Laureate Education (NASDAQ:LAUR) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.20. Laureate Education had a net margin of 18.92% and a return on equity of 32.35%. The business had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $411.50 million. As a group, analysts anticipate that Laureate Education will post 1.51 earnings per share for the current fiscal year.

Institutional Trading of Laureate Education

A number of hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Laureate Education by 31.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 379,277 shares of the company’s stock valued at $6,937,000 after purchasing an additional 91,145 shares during the period. Voloridge Investment Management LLC purchased a new position in shares of Laureate Education in the 4th quarter worth about $1,619,000. Two Sigma Investments LP grew its position in Laureate Education by 43.3% during the fourth quarter. Two Sigma Investments LP now owns 91,659 shares of the company’s stock valued at $1,676,000 after buying an additional 27,699 shares during the period. ProShare Advisors LLC increased its holdings in Laureate Education by 44.7% during the fourth quarter. ProShare Advisors LLC now owns 36,687 shares of the company’s stock worth $671,000 after buying an additional 11,341 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in Laureate Education by 12.3% in the fourth quarter. Nuveen Asset Management LLC now owns 1,264,968 shares of the company’s stock worth $23,136,000 after acquiring an additional 138,135 shares during the period. 96.27% of the stock is currently owned by institutional investors.

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.