HighVista Strategies LLC Trims Stock Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

HighVista Strategies LLC cut its holdings in Laureate Education, Inc. (NASDAQ:LAUR) by 31.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,107 shares of the company’s stock after selling 51,400 shares during the quarter. HighVista Strategies LLC owned about 0.07% of Laureate Education worth $1,675,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of Laureate Education in the second quarter valued at approximately $25,000. Quarry LP increased its stake in Laureate Education by 52.4% in the 4th 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 raised its position in 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 buying an additional 764 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Laureate Education in the 1st quarter worth $151,000. Finally, CenterBook Partners LP purchased a new stake in shares of Laureate Education in the fourth quarter valued at about $195,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Laureate Education Stock Down 0.5 %

LAUR stock opened at $16.84 on Monday. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $17.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.65 billion, a P/E ratio of 22.76 and a beta of 0.81. The company’s 50-day moving average price is $15.23 and its 200 day moving average price is $14.91.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.83 EPS for the quarter, topping 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 business had revenue of $499.20 million for the quarter, compared to analyst estimates of $483.69 million. During the same quarter in the previous year, the company earned $0.35 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, research analysts expect that Laureate Education, Inc. will post 1.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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.