Laureate Education Inc (NASDAQ:LAUR) Short Interest Up 49.9% in August

Laureate Education Inc (NASDAQ:LAUR) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 1,710,800 shares, an increase of 49.9% from the July 31st total of 1,141,200 shares. Based on an average daily trading volume, of 1,000,000 shares, the short-interest ratio is currently 1.7 days. Approximately 1.7% of the company’s stock are sold short.

In other Laureate Education news, major shareholder Alberta Lp Wengen sold 10,955,000 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $15.30, for a total value of $167,611,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Saric Ruldolf Christophe Hoehn sold 701,819 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $15.30, for a total value of $10,737,830.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,666,863 shares of company stock worth $178,518,103. 2.97% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the business. FMR LLC grew its holdings in shares of Laureate Education by 19.4% during the first quarter. FMR LLC now owns 13,450,964 shares of the company’s stock worth $201,362,000 after purchasing an additional 2,184,985 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Laureate Education by 23.9% in the 2nd quarter. Vanguard Group Inc. now owns 9,435,084 shares of the company’s stock valued at $148,225,000 after purchasing an additional 1,817,734 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in shares of Laureate Education by 4.4% in the 2nd quarter. Van Berkom & Associates Inc. now owns 4,965,511 shares of the company’s stock valued at $78,008,000 after purchasing an additional 207,143 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of Laureate Education by 14.5% in the 1st quarter. William Blair Investment Management LLC now owns 1,891,238 shares of the company’s stock valued at $28,312,000 after purchasing an additional 240,191 shares in the last quarter. Finally, Park West Asset Management LLC raised its stake in shares of Laureate Education by 160.0% in the 2nd quarter. Park West Asset Management LLC now owns 1,686,650 shares of the company’s stock valued at $26,497,000 after purchasing an additional 1,037,950 shares in the last quarter. 50.43% of the stock is currently owned by institutional investors.

Shares of LAUR stock traded up $0.07 during mid-day trading on Thursday, hitting $16.76. 83,320 shares of the stock were exchanged, compared to its average volume of 881,993. The stock’s fifty day simple moving average is $17.14 and its two-hundred day simple moving average is $16.08. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of -558.67, a P/E/G ratio of 2.24 and a beta of 0.20. Laureate Education has a 12-month low of $13.58 and a 12-month high of $18.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.93 and a current ratio of 0.93.

Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.11). The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $998.46 million. Laureate Education had a negative return on equity of 0.85% and a net margin of 28.57%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 EPS. On average, research analysts expect that Laureate Education will post 0.65 earnings per share for the current fiscal year.

A number of analysts have weighed in on the company. Barrington Research restated a “buy” rating and issued a $22.00 price target on shares of Laureate Education in a research note on Thursday. Citigroup reaffirmed a “buy” rating and set a $22.00 price objective (up previously from $19.00) on shares of Laureate Education in a report on Wednesday, August 28th. Stifel Nicolaus set a $22.00 price objective on Laureate Education and gave the stock a “buy” rating in a report on Friday, August 30th. ValuEngine lowered Laureate Education from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, BMO Capital Markets raised their price objective on Laureate Education from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Laureate Education has an average rating of “Buy” and an average target price of $21.50.

Laureate Education Company Profile

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It operates through five segments: Brazil, Mexico, Andean, Rest of World, and Online & Partnerships. The company offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.

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