Algert Global LLC Cuts Stock Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

Algert Global LLC lowered its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 85.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 66,351 shares of the company's stock after selling 389,899 shares during the period. Algert Global LLC's holdings in Laureate Education were worth $991,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Laureate Education during the 2nd quarter valued at $25,000. Quarry LP lifted its stake in Laureate Education by 52.4% during the 4th quarter. Quarry LP now owns 2,683 shares of the company's stock valued at $37,000 after acquiring an additional 923 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Laureate Education by 24.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,889 shares of the company's stock valued at $57,000 after acquiring an additional 764 shares in the last quarter. SG Americas Securities LLC bought a new position in Laureate Education during the 1st quarter valued at $151,000. Finally, Marshall Wace LLP lifted its stake in Laureate Education by 9.5% during the 2nd quarter. Marshall Wace LLP now owns 11,500 shares of the company's stock valued at $172,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company's stock.

Analysts Set New Price Targets

Separately, Morgan Stanley cut Laureate Education from an "overweight" rating to an "equal weight" rating and set a $17.00 price objective on the stock. in a research note on Friday, July 26th.

Laureate Education Stock Performance

Shares of NASDAQ LAUR traded up $0.22 during mid-day trading on Friday, reaching $15.80. 332,602 shares of the company's stock were exchanged, compared to its average volume of 751,785. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 21.35 and a beta of 0.82. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $17.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a 50-day moving average price of $15.45 and a two-hundred day moving average price of $15.09.

Laureate Education (NASDAQ:LAUR - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.20. The company had revenue of $499.20 million for the quarter, compared to analysts' expectations of $483.69 million. Laureate Education had a return on equity of 21.37% and a net margin of 12.64%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. Analysts predict that Laureate Education, Inc. will post 1.41 EPS for the current year.

Laureate Education Company Profile

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.