Laureate Education (LAUR) Sees Unusually-High Trading Volume
Shares of Laureate Education Inc (NASDAQ:LAUR) saw unusually-strong trading volume on Friday . Approximately 7,191,187 shares changed hands during mid-day trading, an increase of 1,108% from the previous session’s volume of 595,247 shares.The stock last traded at $14.88 and had previously closed at $14.46.
A number of equities research analysts recently weighed in on LAUR shares. ValuEngine raised Laureate Education from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Citigroup lifted their target price on Laureate Education from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research raised Laureate Education from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, October 10th. Barrington Research reissued a “buy” rating and set a $20.00 target price on shares of Laureate Education in a research report on Friday, August 10th. Finally, Barclays reissued a “hold” rating and set a $17.00 target price on shares of Laureate Education in a research report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $18.44.
The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 1.97 and a beta of 0.93. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.95 and a quick ratio of 0.95.
In other Laureate Education news, CEO Paula R. Singer sold 7,703 shares of Laureate Education stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $14.89, for a total transaction of $114,697.67. Following the sale, the chief executive officer now directly owns 60,661 shares of the company’s stock, valued at $903,242.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 23,109 shares of company stock worth $341,551 over the last ninety days. Company insiders own 13.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blair William & Co. IL acquired a new stake in Laureate Education during the third quarter valued at approximately $156,000. Amalgamated Bank acquired a new stake in Laureate Education during the third quarter valued at approximately $174,000. Point72 Asset Management L.P. acquired a new stake in Laureate Education during the third quarter valued at approximately $198,000. Verition Fund Management LLC acquired a new stake in Laureate Education during the third quarter valued at approximately $243,000. Finally, Thrivent Financial for Lutherans acquired a new stake in Laureate Education during the third quarter valued at approximately $250,000. 35.41% of the stock is currently owned by institutional investors.
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Laureate Education Company Profile (NASDAQ:LAUR)
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.
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