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Clark Street Value’s Informal Liquidated Stock: Laureate Education (LAUR)

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Clark Street Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. An annual portfolio return of 74.99% was recorded by the fund for the year 2021, versus 28.71% for the S&P 500, and an IRR since the inception of 29.12%. over the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Clark Street Value, in its Q4 2021 investor letter, mentioned Laureate Education, Inc. (NASDAQ: LAUR) and discussed its stance on the firm. Laureate Education, Inc. is a Baltimore, Maryland-based educational services provider with a $2.1 billion market capitalization. LAUR delivered a -3.19% return since the beginning of the year, while its 12-month returns are up by -16.90%. The stock closed at $11.85 per share on January 13, 2022.

Here is what Clark Street Value has to say about Laureate Education, Inc. in its Q4 2021 investor letter:

"Another informal liquidation, Laureate Education (LAUR), has mostly worked out to plan, the sale of Walden University closed and they've since paid out $7.59/share in special dividends. They've also collapsed the dual share structure. It is now a purer play on Mexico and Peru, my best guess is this is not the end state and we'll see a final sale of the remaining assets once covid subsides and/or the political climate in Latin America improves. Most of my exposure rolled off earlier in December when my calls expired, now just hanging onto a smallish position to see how the rest plays out."


Our calculations show that Laureate Education, Inc. (NASDAQ: LAUR) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. LAUR was in 21 hedge fund portfolios at the end of the third quarter of 2021, compared to 20 funds in the previous quarter. Laureate Education, Inc. (NASDAQ: LAUR) delivered a -31.70% return in the past 3 months.

You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.