Marshall Wace LLP Grows Stake in Laureate Education, Inc. (NASDAQ:LAUR)

Marshall Wace LLP raised its stake in Laureate Education, Inc. (NASDAQ:LAUR) by 9.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,500 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Marshall Wace LLP’s holdings in Laureate Education were worth $172,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in shares of Laureate Education during the second quarter valued at $25,000. Quarry LP boosted its position in shares of Laureate Education by 52.4% during the fourth quarter. Quarry LP now owns 2,683 shares of the company’s stock valued at $37,000 after buying an additional 923 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position 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 buying an additional 764 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Laureate Education during the first quarter valued at $151,000. Finally, MBM Wealth Consultants LLC purchased a new stake in shares of Laureate Education during the first quarter valued at $240,000. 96.27% of the stock is owned by hedge funds and other institutional investors.

Laureate Education Stock Down 1.5 %

LAUR stock opened at $15.36 on Friday. Laureate Education, Inc. has a fifty-two week low of $12.45 and a fifty-two week high of $17.60. The business’s 50-day moving average is $15.49 and its two-hundred day moving average is $15.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap 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 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 company had revenue of $499.20 million for the quarter, compared to the consensus estimate of $483.69 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. Laureate Education’s revenue was up 8.0% on a year-over-year basis. As a group, analysts forecast that Laureate Education, Inc. will post 1.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price objective 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.