Mirae Asset Global Investments Co. Ltd. grew its position in Laureate Education, Inc. (NASDAQ:LAUR – Get Rating) by 46.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,040 shares of the company's stock after acquiring an additional 20,912 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Laureate Education were worth $764,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in LAUR. Vanguard Group Inc. boosted its holdings in shares of Laureate Education by 80.4% in the first quarter. Vanguard Group Inc. now owns 10,900,035 shares of the company's stock valued at $129,165,000 after acquiring an additional 4,858,080 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Laureate Education in the first quarter valued at about $17,009,000. BlackRock Inc. lifted its stake in shares of Laureate Education by 7.6% in the first quarter. BlackRock Inc. now owns 7,298,312 shares of the company's stock valued at $86,487,000 after purchasing an additional 512,549 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Laureate Education by 13.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,304,619 shares of the company's stock valued at $51,013,000 after purchasing an additional 511,333 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Laureate Education by 69.5% in the first quarter. Renaissance Technologies LLC now owns 1,238,700 shares of the company's stock valued at $14,679,000 after purchasing an additional 508,100 shares during the period. Hedge funds and other institutional investors own 71.37% of the company's stock.
Get Laureate Education alerts:Laureate Education Stock Performance
Shares of LAUR opened at $10.94 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.80 billion, a P/E ratio of 5.23 and a beta of 0.73. The company has a 50-day moving average of $11.07 and a two-hundred day moving average of $11.52. Laureate Education, Inc. has a 12-month low of $9.41 and a 12-month high of $17.45.
Laureate Education (NASDAQ:LAUR – Get Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.17). The business had revenue of $385.40 million for the quarter, compared to analyst estimates of $373.10 million. Laureate Education had a negative return on equity of 1.12% and a net margin of 33.26%. As a group, research analysts predict that Laureate Education, Inc. will post 0.41 EPS for the current fiscal year.Laureate Education Increases Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, October 12th. Stockholders of record on Wednesday, September 28th were given a $0.83 dividend. This represents a dividend yield of 72.21%. The ex-dividend date was Tuesday, September 27th. This is a positive change from Laureate Education's previous dividend of $0.58.
Analyst Ratings Changes
Separately, Morgan Stanley reduced their price objective on shares of Laureate Education from $15.50 to $15.00 and set an "overweight" rating for the company in a research note on Friday, October 7th.
Laureate Education Company Profile
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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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