Laureate Education (NASDAQ:LAUR) Sets New 1-Year High on Strong Earnings

Shares of Laureate Education, Inc. (NASDAQ:LAUR) hit a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $20.75 and last traded at $21.02, with a volume of 196330 shares changing hands. The stock had previously closed at $20.12.

The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.42 by $0.20. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets increased their price target on Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

Insider Transactions at Laureate Education

In other news, Director Corro Pedro Del sold 25,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.58, for a total transaction of $489,500.00. Following the sale, the director now owns 29,686 shares of the company’s stock, valued at $581,251.88. This trade represents a 45.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.32% of the company’s stock.

Institutional Investors Weigh In On Laureate Education

Institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its position in Laureate Education by 207.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 824,985 shares of the company’s stock worth $13,703,000 after buying an additional 556,573 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Laureate Education by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,145,552 shares of the company’s stock valued at $35,638,000 after acquiring an additional 80,570 shares during the last quarter. Burney Co. acquired a new position in Laureate Education during the fourth quarter valued at approximately $666,000. KBC Group NV grew its stake in Laureate Education by 48.4% in the fourth quarter. KBC Group NV now owns 6,049 shares of the company’s stock valued at $111,000 after purchasing an additional 1,974 shares in the last quarter. Finally, Swedbank AB increased its position in shares of Laureate Education by 225.8% during the 3rd quarter. Swedbank AB now owns 2,513,300 shares of the company’s stock worth $41,746,000 after purchasing an additional 1,741,800 shares during the last quarter. Institutional investors own 96.27% of the company’s stock.

Laureate Education Trading Up 4.8 %

The company has a market cap of $3.18 billion, a P/E ratio of 13.35 and a beta of 0.84. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $18.87 and a 200-day moving average price of $17.33.

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.