Laureate Education, Inc. (NASDAQ:LAUR) Shares Bought by Millennium Management LLC

Millennium Management LLC increased its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 60.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 209,211 shares of the company's stock after acquiring an additional 79,083 shares during the period. Millennium Management LLC owned approximately 0.13% of Laureate Education worth $3,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LAUR. Quarry LP lifted its position in Laureate Education by 52.4% during the 4th quarter. Quarry LP now owns 2,683 shares of the company's stock worth $37,000 after acquiring an additional 923 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Laureate Education by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 14,094,408 shares of the company's stock valued at $193,234,000 after buying an additional 108,259 shares during the last quarter. Fourth Sail Capital LP boosted its stake in shares of Laureate Education by 109.3% during the 1st quarter. Fourth Sail Capital LP now owns 2,122,092 shares of the company's stock valued at $30,919,000 after buying an additional 1,108,142 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 buying an additional 764 shares during the last quarter. Finally, MBM Wealth Consultants LLC purchased a new position in shares of Laureate Education during the 1st quarter valued at approximately $240,000. 96.27% of the stock is owned by institutional investors and hedge funds.

Laureate Education Stock Performance

Shares of LAUR stock traded up $0.17 on Tuesday, hitting $15.46. 380,516 shares of the stock traded hands, compared to its average volume of 740,497. 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 company has a market capitalization of $2.44 billion, a PE ratio of 20.89 and a beta of 0.82. Laureate Education, Inc. has a 1-year low of $12.45 and a 1-year high of $17.60. The company's fifty day moving average is $15.53 and its 200 day moving average is $15.16.

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

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered 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.

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.