Laureate Education, Inc. (NASDAQ:LAUR) Sees Large Decrease in Short Interest

Laureate Education, Inc. (NASDAQ:LAUR) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 5,050,000 shares, a decline of 10.6% from the March 15th total of 5,650,000 shares. Based on an average trading volume of 678,300 shares, the days-to-cover ratio is currently 7.4 days.

Laureate Education Stock Down 2.2 %

Shares of NASDAQ:LAUR opened at $14.35 on Monday. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 22.42 and a beta of 0.74. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.12. Laureate Education has a 12-month low of $11.34 and a 12-month high of $14.91. The business’s 50 day moving average is $13.70 and its 200 day moving average is $13.58.

Laureate Education (NASDAQ:LAUR) last announced its earnings results on Thursday, February 22nd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. The company had revenue of $409.40 million for the quarter, compared to analysts’ expectations of $390.39 million. Laureate Education had a return on equity of 12.69% and a net margin of 7.26%. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, sell-side analysts forecast that Laureate Education will post 1.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TheStreet upgraded Laureate Education from a “c+” rating to a “b” rating in a report on Monday, February 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LAUR. Vanguard Group Inc. boosted its position in Laureate Education by 80.4% in the first quarter. Vanguard Group Inc. now owns 10,900,035 shares of the company’s stock worth $129,165,000 after purchasing an additional 4,858,080 shares during the last quarter. Millennium Management LLC boosted its position in Laureate Education by 1,816.9% in the fourth quarter. Millennium Management LLC now owns 3,816,331 shares of the company’s stock worth $36,713,000 after purchasing an additional 3,617,245 shares during the last quarter. Norges Bank purchased a new position in Laureate Education in the fourth quarter worth $16,959,000. Wellington Management Group LLP boosted its position in Laureate Education by 28.9% in the third quarter. Wellington Management Group LLP now owns 7,143,474 shares of the company’s stock worth $100,723,000 after purchasing an additional 1,599,817 shares during the last quarter. Finally, Fourth Sail Capital LP boosted its position in Laureate Education by 109.3% in the first quarter. Fourth Sail Capital LP now owns 2,122,092 shares of the company’s stock worth $30,919,000 after purchasing an additional 1,108,142 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.