AQR Capital Management LLC Trims Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

AQR Capital Management LLC trimmed its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 36.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,548 shares of the company’s stock after selling 45,832 shares during the quarter. AQR Capital Management LLC’s holdings in Laureate Education were worth $1,218,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Laureate Education by 24.4% in 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. Arizona State Retirement System raised its holdings in shares of Laureate Education by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 37,499 shares of the company’s stock valued at $560,000 after purchasing an additional 783 shares in the last quarter. Quarry LP lifted its position in shares of Laureate Education by 52.4% in the 4th quarter. Quarry LP now owns 2,683 shares of the company’s stock worth $37,000 after purchasing an additional 923 shares during the period. SummerHaven Investment Management LLC boosted its stake in shares of Laureate Education by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 61,738 shares of the company’s stock valued at $922,000 after purchasing an additional 958 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Laureate Education by 9.5% during the second quarter. Marshall Wace LLP now owns 11,500 shares of the company’s stock valued at $172,000 after buying an additional 1,000 shares during the period. 96.27% of the stock is owned by hedge funds and other institutional investors.

Laureate Education Price Performance

LAUR opened at $15.36 on Friday. The firm has a market capitalization of $2.34 billion, a PE ratio of 12.29 and a beta of 0.82. The business’s 50-day moving average is $15.47 and its two-hundred day moving average is $15.13. Laureate Education, Inc. has a 1 year low of $12.45 and a 1 year high of $17.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.76 and a quick ratio of 0.76.

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