Morgan Stanley Boosts Laureate Education (NASDAQ:LAUR) Price Target to $15.50

Laureate Education (NASDAQ:LAURGet Rating) had its price objective hoisted by equities researchers at Morgan Stanley from $15.10 to $15.50 in a research note issued to investors on Tuesday, Stock Target Advisor reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 20.06% from the company’s previous close.

Separately, Zacks Investment Research cut shares of Laureate Education from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th.

NASDAQ:LAUR traded down $0.41 during mid-day trading on Tuesday, hitting $12.91. The company’s stock had a trading volume of 24,496 shares, compared to its average volume of 1,280,172. The business’s fifty day moving average is $12.00 and its two-hundred day moving average is $11.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 1.15. Laureate Education has a 1 year low of $9.41 and a 1 year high of $19.02. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 7.62 and a beta of 0.81.

In other news, CEO Eilif Serck-Hanssen sold 173,761 shares of the company’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $12.01, for a total value of $2,086,869.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Marcelo Cardoso sold 37,779 shares of the stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of $12.26, for a total value of $463,170.54. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Counterpoint Mutual Funds LLC purchased a new position in shares of Laureate Education during the fourth quarter valued at approximately $31,000. Maverick Capital Ltd. bought a new stake in Laureate Education during the fourth quarter valued at approximately $64,000. Daiwa Securities Group Inc. raised its stake in shares of Laureate Education by 34.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 7,100 shares of the company’s stock worth $87,000 after acquiring an additional 1,800 shares in the last quarter. UBS Group AG increased its stake in shares of Laureate Education by 3,860.3% in the third quarter. UBS Group AG now owns 5,584 shares of the company’s stock worth $95,000 after buying an additional 5,443 shares during the period. Finally, Gladius Capital Management LP purchased a new position in shares of Laureate Education in the first quarter worth $96,000. Institutional investors own 72.85% of the company’s stock.

Laureate Education Company Profile (Get Rating)

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.

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