Laureate Education (NASDAQ:LAUR) Sets New 52-Week High - What's Next?

Laureate Education (NASDAQ:LAUR - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $24.57 and last traded at $24.40, with a volume of 1022754 shares trading hands. The stock had previously closed at $23.99.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on Laureate Education from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Wall Street Zen lowered Laureate Education from a "buy" rating to a "hold" rating in a research note on Monday, July 7th.

Laureate Education Trading Up 1.0%

The company has a market capitalization of $3.61 billion, a P/E ratio of 12.89 and a beta of 0.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a fifty day moving average price of $22.81 and a 200-day moving average price of $20.70.

Hedge Funds Weigh In On Laureate Education

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nuveen LLC purchased a new position in shares of Laureate Education during the 1st quarter worth approximately $36,637,000. Brandywine Global Investment Management LLC purchased a new position in shares of Laureate Education during the 4th quarter worth approximately $9,353,000. Public Sector Pension Investment Board purchased a new position in shares of Laureate Education during the 1st quarter worth approximately $9,976,000. Invesco Ltd. grew its holdings 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 worth $43,968,000 after acquiring an additional 388,143 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Laureate Education by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 13,060,176 shares of the company's stock worth $267,081,000 after acquiring an additional 387,567 shares during the period. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

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.