Van Berkom & Associates, Inc. recently announced the acquisition of new stake in Laureate Education Inc. (NASDAQ:LAUR). The institutional investor has increased its shareholding in the Consumer Defensive company by 7.18% to 5.53 million shares with purchase of 0.37 million shares. This fresh investment now brings its stake to 3.36% valued currently at $69.88 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.38 million to 5.42 million shares. And Wellington Management Co. LLP has lifted its position by 36.04% or 1.15 million shares – to 4.33 million shares.
With over 13.79 million Laureate Education Inc. (LAUR) shares trading Friday and a closing price of $10.21 on the day, the dollar volume was approximately $140.8 million. The shares have shown a negative half year performance of -6.63% and its price on 11/18/22 gained nearly 1.59%. Currently, there are 164.65M common shares owned by the public and among those 106.20M shares have been available to trade.
Insiders at the company have transacted a total of 44 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 28 of these insider trades were purchases, accounting for 726,067 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 736,512 shares.
The top 3 mutual fund holders in Laureate Education Inc. are Vanguard Total Stock Market Index, Vanguard Small Cap Index Fund, and iShares Russell 2000 ETF. Vanguard Total Stock Market Index owns 3.45 million shares of the company’s stock, all valued at over $43.65 million. Vanguard Small Cap Index Fund bought 48811.0 shares to see its total holdings expand to 2.98 million shares valued at over $37.61 million and representing 1.81% of the shares outstanding. iShares Russell 2000 ETF sold 44084.0 shares to bring its total holdings to over 2.37 million shares at a value of $30.0 million. iShares Russell 2000 ETF now owns shares totaling to 1.44% of the shares outstanding.
Shares of Laureate Education Inc. (NASDAQ: LAUR) opened at $10.25, up $0.2 from a prior closing price of $10.05. However, the script later moved the day high at 10.42, up 1.59%. The company’s stock has a 5-day price change of -15.34% and 3.35% over the past three months. LAUR shares are trading -4.34% year to date (YTD), with the 12-month market performance up to 14.56% higher. It has a 12-month low price of $8.00 and touched a high of $12.72 over the same period. LAUR has an average intraday trading volume of 1.10 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.61%, -4.69%, and -1.77% respectively.
Institutional ownership of Laureate Education Inc. (NASDAQ: LAUR) shares accounts for 78.48% of the company’s 164.65M shares outstanding. Mutual fund holders own 27.38%, while other institutional holders and individual stakeholders account for 45.49% and 20.52% respectively.
It has a market capitalization of $1.65B and a beta (3y monthly) value of 0.79. The stock’s trailing 12-month PE ratio is 66.73, while the earnings-per-share (ttm) stands at $0.15. The company has a PEG of 4.45 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 0.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.86% over the week and 5.42% over the month.
Analysts forecast that Laureate Education Inc. (LAUR) will achieve an EPS of $0.18 for the current quarter, $0.27 for the next quarter and $1.02 for 2023. The lowest estimate earnings-per-share for the quarter is $0.17 while analysts give the company a high EPS estimate of $0.19. Comparatively, EPS for the current quarter was $1.94 a year ago. Earnings per share for the fiscal year are expected to decrease by -3.30%, and 143.02% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -20.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Laureate Education Inc. (LAUR) as a “Strong Buy” at a consensus score of 1.70. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the LAUR, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on June 24, 2020, with the firm’s price target at $13. Morgan Stanley coverage for the Laureate Education Inc. (LAUR) stock in a research note released on April 08, 2020 offered a Equal-Weight rating with a price target of $13.50. Barrington Research was of a view on August 09, 2019 that the stock is Outperform, while Barrington Research gave the stock Outperform rating on May 14, 2018, issuing a price target of $18- $20. Barclays on their part issued Equal Weight rating on November 20, 2017.