Laureate Education (NASDAQ:LAUR) Hits New 52-Week High – What’s Next?

Laureate Education, Inc. (NASDAQ:LAUR) shares hit a new 52-week high during trading on Thursday . The company traded as high as $19.25 and last traded at $19.01, with a volume of 29345 shares trading hands. The stock had previously closed at $18.88.

Analyst Ratings Changes

LAUR has been the subject of a number of analyst reports. Morgan Stanley downgraded Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price target for the company. in a report on Friday, July 26th. BMO Capital Markets upped their price objective on Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

Laureate Education Trading Up 1.3 %

The business has a 50 day simple moving average of $16.73 and a 200-day simple moving average of $15.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $2.94 billion, a P/E ratio of 12.30 and a beta of 0.82.

Laureate Education (NASDAQ:LAUR) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.40. The business had revenue of $368.60 million during the quarter, compared to analyst estimates of $361.80 million. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS. On average, analysts predict that Laureate Education, Inc. will post 1.42 EPS for the current year.

Institutional Investors Weigh In On Laureate Education

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Laureate Education by 1.0% during the first quarter. Vanguard Group Inc. now owns 14,231,273 shares of the company’s stock worth $207,350,000 after buying an additional 136,865 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Laureate Education by 81.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 156,438 shares of the company’s stock valued at $2,280,000 after purchasing an additional 70,121 shares in the last quarter. Swedbank AB acquired a new stake in Laureate Education during the first quarter valued at approximately $11,241,000. Harbor Capital Advisors Inc. boosted its holdings in Laureate Education by 207.4% during the third quarter. Harbor Capital Advisors Inc. now owns 824,985 shares of the company’s stock valued at $13,703,000 after purchasing an additional 556,573 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Laureate Education by 56.7% during the second quarter. Renaissance Technologies LLC now owns 330,400 shares of the company’s stock valued at $4,936,000 after purchasing an additional 119,600 shares in the last quarter. 96.27% of the stock is owned by institutional investors and hedge funds.

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.