Laureate Education, Inc., together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. The company offers 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. It provides its services in Mexico, Peru, and the United States. The company was formerly known as Sylvan Learning Systems, Inc. and changed its name to Laureate Education, Inc. in May 2004. Laureate Education, Inc. was founded in 1989 and is headquartered in Miami, Florida.
Laureate Education Stock Down 1.2 %
LAUR traded down $0.14 on Thursday, hitting $11.26. The company had a trading volume of 1,085,670 shares, compared to its average volume of 1,283,312. The stock has a fifty day moving average price of $11.63 and a 200-day moving average price of $11.91. Laureate Education has a 12-month low of $9.41 and a 12-month high of $19.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.15 and a current ratio of 1.08. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 5.45 and a beta of 0.79.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley lifted their target price on Laureate Education from $15.10 to $15.50 and gave the company an "overweight" rating in a research note on Tuesday, May 31st.
Insider Buying and Selling at Laureate Education
In other Laureate Education news, Director Cohen Steven A/Sac Capital Mgm sold 114,889 shares of Laureate Education stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $11.45, for a total value of $1,315,479.05. Following the transaction, the director now owns 250,000 shares in the company, valued at $2,862,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 515,986 shares of company stock worth $5,717,032 over the last quarter. Insiders own 2.10% of the company's stock.