Inspire Investing LLC Trims Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

Inspire Investing LLC lessened its stake in Laureate Education, Inc. (NASDAQ:LAUR) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,665 shares of the company’s stock after selling 822 shares during the period. Inspire Investing LLC’s holdings in Laureate Education were worth $354,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mondrian Investment Partners LTD bought a new stake in shares of Laureate Education in the 2nd quarter worth about $1,633,000. Fourth Sail Capital LP increased its holdings in Laureate Education by 2.3% in the second quarter. Fourth Sail Capital LP now owns 2,170,727 shares of the company’s stock valued at $32,431,000 after buying an additional 48,635 shares during the last quarter. Renaissance Technologies LLC raised its stake 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 buying an additional 119,600 shares in the last quarter. American Century Companies Inc. lifted its holdings in Laureate Education by 15.6% during the 2nd quarter. American Century Companies Inc. now owns 303,647 shares of the company’s stock worth $4,536,000 after buying an additional 41,006 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its position in shares of Laureate Education by 2.2% in the 2nd quarter. Van Berkom & Associates Inc. now owns 6,951,804 shares of the company’s stock worth $103,860,000 after acquiring an additional 151,397 shares in the last quarter. 96.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Morgan Stanley lowered Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price target on the stock. in a research report on Friday, July 26th.

Laureate Education Price Performance

Shares of NASDAQ:LAUR opened at $16.84 on Monday. The company has a market cap of $2.65 billion, a PE ratio of 22.76 and a beta of 0.81. Laureate Education, Inc. has a fifty-two week low of $12.45 and a fifty-two week high of $17.60. The firm has a 50-day simple moving average of $15.23 and a 200 day simple moving average of $14.91. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.22.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $483.69 million. During the same period in the prior year, the firm earned $0.35 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that Laureate Education, Inc. will post 1.41 EPS for the current year.

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.