AQR Capital Management LLC Sells 45,832 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

AQR Capital Management LLC decreased its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 36.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 81,548 shares of the company’s stock after selling 45,832 shares during the period. AQR Capital Management LLC owned 0.05% of Laureate Education worth $1,218,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Quarry LP boosted its holdings in Laureate Education by 52.4% during the 4th quarter. Quarry LP now owns 2,683 shares of the company’s stock valued at $37,000 after acquiring an additional 923 shares during the period. Vanguard Group Inc. lifted its position in Laureate Education by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 14,094,408 shares of the company’s stock valued at $193,234,000 after acquiring an additional 108,259 shares during the period. Fourth Sail Capital LP boosted its position in shares of Laureate Education by 109.3% in the 1st quarter. Fourth Sail Capital LP now owns 2,122,092 shares of the company’s stock worth $30,919,000 after purchasing an additional 1,108,142 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Laureate Education by 24.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,889 shares of the company’s stock valued at $57,000 after acquiring an additional 764 shares in the last quarter. Finally, MBM Wealth Consultants LLC bought a new stake in Laureate Education during the 1st quarter valued at about $240,000. 96.27% of the stock is currently owned by institutional investors.

Laureate Education Trading Down 1.5 %

Laureate Education stock opened at $15.36 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.22. Laureate Education, Inc. has a 12-month low of $12.45 and a 12-month high of $17.60. The firm has a 50 day moving average of $15.47 and a 200 day moving average of $15.13. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 12.29 and a beta of 0.82.

Laureate Education (NASDAQ:LAUR) last posted its earnings results on Thursday, August 1st. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. The company 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%. Laureate Education’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $0.35 earnings per share. As a group, research analysts predict that Laureate Education, Inc. will post 1.41 earnings per share for the current year.

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 target on the stock. in a 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.