Laureate Education (NASDAQ:LAUR) Reaches New 12-Month High - Here's What Happened

Laureate Education, Inc. (NASDAQ:LAUR - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $23.61 and last traded at $22.98, with a volume of 41124 shares trading hands. The stock had previously closed at $22.88.

Analyst Ratings Changes

Separately, BMO Capital Markets lifted their price objective on shares of Laureate Education from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Monday, May 5th.

Laureate Education Stock Performance

The company has a market cap of $3.48 billion, a PE ratio of 11.89 and a beta of 0.59. The firm's fifty day moving average is $20.23 and its 200 day moving average is $19.34. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15.

Laureate Education (NASDAQ:LAUR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. 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 18.92% and a return on equity of 32.35%. The company had revenue of $423.40 million during the quarter, compared to analyst estimates of $411.50 million. As a group, research analysts predict that Laureate Education, Inc. will post 1.51 EPS for the current fiscal year.

Insider Transactions at Laureate Education

In other news, Director Ian Kendell Snow sold 520,831 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $17.47, for a total transaction of $9,098,917.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Laureate Education

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Laureate Education by 3.1% during the first quarter. Vanguard Group Inc. now owns 13,060,176 shares of the company's stock worth $267,081,000 after buying an additional 387,567 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Laureate Education by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,090,486 shares of the company's stock worth $129,683,000 after buying an additional 87,267 shares in the last quarter. Boston Partners boosted its position in shares of Laureate Education by 5.3% during the 4th quarter. Boston Partners now owns 2,584,925 shares of the company's stock valued at $47,497,000 after acquiring an additional 130,172 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Laureate Education by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,181,073 shares of the company's stock valued at $39,892,000 after acquiring an additional 35,521 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Laureate Education by 22.0% during the 1st quarter. Invesco Ltd. now owns 2,150,013 shares of the company's stock valued at $43,968,000 after acquiring an additional 388,143 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company's stock.

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.