Short Interest in Laureate Education, Inc. (NASDAQ:LAUR) Decreases By 14.4%

Laureate Education, Inc. (NASDAQ:LAUR) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 4,890,000 shares, a drop of 14.4% from the September 15th total of 5,710,000 shares. Based on an average daily trading volume, of 758,600 shares, the short-interest ratio is currently 6.4 days.

Laureate Education Stock Performance

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

Laureate Education (NASDAQ:LAUR) last announced 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. The business had revenue of $499.20 million for the quarter, compared to analyst estimates of $483.69 million. Laureate Education had a net margin of 12.64% and a return on equity of 21.37%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. Equities research analysts predict that Laureate Education will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Laureate Education

A number of institutional investors and hedge funds have recently made changes to their positions in LAUR. nVerses Capital LLC purchased a new position in Laureate Education during the 2nd quarter worth $25,000. Quarry LP boosted its holdings in Laureate Education by 52.4% in the 4th quarter. Quarry LP now owns 2,683 shares of the company’s stock valued at $37,000 after purchasing an additional 923 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position 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 worth $57,000 after purchasing an additional 764 shares during the period. SG Americas Securities LLC purchased a new position in shares of Laureate Education during the 1st quarter worth approximately $151,000. Finally, Creative Planning acquired a new stake in shares of Laureate Education in the 3rd quarter valued at approximately $181,000. 96.27% of the stock is owned by hedge funds and other institutional investors.

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.