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Laureate Education, Inc. (NASDAQ:LAUR – Get Rating) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 4,850,000 shares, an increase of 37.8% from the March 15th total of 3,520,000 shares. Based on an average daily volume of 1,620,000 shares, the days-to-cover ratio is currently 3.0 days. Approximately 4.4% of the company’s shares are sold short.
Shares of LAUR traded up $0.14 during trading hours on Friday, hitting $12.05. The company had a trading volume of 754,443 shares, compared to its average volume of 1,488,332. The company has a market capitalization of $2.15 billion, a PE ratio of 10.76 and a beta of 0.83. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.09. Laureate Education has a one year low of $9.41 and a one year high of $19.02. The company’s fifty day moving average price is $12.10 and its two-hundred day moving average price is $12.51.
Separately, Zacks Investment Research cut Laureate Education from a “hold” rating to a “sell” rating in a report on Wednesday, March 23rd.
In related news, COO Marcelo Cardoso sold 37,779 shares of the business’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $12.26, for a total transaction of $463,170.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eilif Serck-Hanssen sold 173,761 shares of the business’s stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $12.01, for a total value of $2,086,869.61. The disclosure for this sale can be found here. 2.44% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC bought a new position in shares of Laureate Education in the 4th quarter worth $31,000. Maverick Capital Ltd. acquired a new stake in Laureate Education in the 4th quarter worth approximately $64,000. Daiwa Securities Group Inc. grew its position in Laureate Education by 34.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 7,100 shares of the company’s stock worth $87,000 after purchasing an additional 1,800 shares during the last quarter. UBS Group AG raised its holdings in shares of Laureate Education by 3,860.3% in the third quarter. UBS Group AG now owns 5,584 shares of the company’s stock worth $95,000 after buying an additional 5,443 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Laureate Education by 18.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 11,897 shares of the company’s stock worth $146,000 after buying an additional 1,815 shares during the period.
About Laureate Education (Get Rating)
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. The company offers 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.
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