Ritholtz Wealth Management Takes Position in Laureate Education, Inc. (NASDAQ:LAUR)

Ritholtz Wealth Management bought a new stake in Laureate Education, Inc. (NASDAQ:LAUR – Get Rating) in the first quarter, Holdings Channel reports. The institutional investor bought 14,301 shares of the company’s stock, valued at approximately $169,000.

Other large investors have also made changes to their positions in the company. ProShare Advisors LLC raised its holdings in shares of Laureate Education by 70.1% in the fourth quarter. ProShare Advisors LLC now owns 21,720 shares of the company’s stock valued at $266,000 after buying an additional 8,952 shares during the last quarter. Makena Capital Management LLC purchased a new stake in shares of Laureate Education in the fourth quarter valued at about $1,245,000. Millennium Management LLC raised its holdings in shares of Laureate Education by 55.9% in the third quarter. Millennium Management LLC now owns 176,977 shares of the company’s stock valued at $3,007,000 after buying an additional 63,456 shares during the last quarter. Daiwa Securities Group Inc. increased 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 during the period. Finally, Los Angeles Capital Management LLC increased its stake in shares of Laureate Education by 197.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 40,791 shares of the company’s stock worth $499,000 after acquiring an additional 27,066 shares during the period. 72.85% of the stock is owned by institutional investors and hedge funds.

Shares of Laureate Education stock opened at $11.25 on Thursday. Laureate Education, Inc. has a 52-week low of $9.41 and a 52-week high of $19.02. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The company’s 50-day simple moving average is $11.92 and its 200-day simple moving average is $11.96. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 6.66 and a beta of 0.80.

Laureate Education (NASDAQ:LAUR – Get Rating) last issued its earnings results on Thursday, May 5th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.24). Laureate Education had a negative return on equity of 6.59% and a net margin of 28.42%. The company had revenue of $209.60 million for the quarter, compared to analyst estimates of $199.20 million. Equities research analysts anticipate that Laureate Education, Inc. will post 0.75 EPS for the current year.

In other Laureate Education news, Director Cohen Steven A/Sac Capital Mgm sold 163,122 shares of the company’s stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $10.60, for a total transaction of $1,729,093.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 515,986 shares of company stock worth $5,717,032 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

Separately, Morgan Stanley boosted their price target on shares of Laureate Education from $15.10 to $15.50 and gave the stock an “overweight” rating in a research note on Tuesday, May 31st.

Laureate Education 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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