SG Americas Securities LLC Purchases Shares of 41,422 Laureate Education, Inc. (NASDAQ:LAUR)

SG Americas Securities LLC purchased a new stake in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 41,422 shares of the company's stock, valued at approximately $688,000.

Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in shares of Laureate Education during the second quarter valued at about $25,000. Quarry LP lifted its position in shares of Laureate Education by 52.4% during the fourth quarter. Quarry LP now owns 2,683 shares of the company's stock worth $37,000 after purchasing an additional 923 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Laureate Education by 24.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,889 shares of the company's stock worth $57,000 after purchasing an additional 764 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Laureate Education by 9.5% during the second quarter. Marshall Wace LLP now owns 11,500 shares of the company's stock worth $172,000 after purchasing an additional 1,000 shares during the last quarter. Finally, MBM Wealth Consultants LLC bought a new position in shares of Laureate Education during the first quarter worth about $240,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Laureate Education Stock Performance

NASDAQ LAUR traded down $0.07 during trading hours on Monday, reaching $15.29. The company's stock had a trading volume of 253,281 shares, compared to its average volume of 742,316. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.22. The business has a 50-day simple moving average of $15.49 and a 200 day simple moving average of $15.15. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $17.60. The stock has a market cap of $2.41 billion, a PE ratio of 20.66 and a beta of 0.82.

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

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.