Ameriprise Financial Inc. trimmed its position in Laureate Education Inc (NASDAQ:LAUR) by 37.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,413 shares of the company’s stock after selling 46,683 shares during the period. Ameriprise Financial Inc.’s holdings in Laureate Education were worth $1,112,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in shares of Laureate Education during the 2nd quarter worth approximately $122,000. Legal & General Group Plc grew its stake in shares of Laureate Education by 61.2% during the 2nd quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock worth $150,000 after acquiring an additional 3,240 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Laureate Education in the third quarter valued at $138,000. Tudor Investment Corp ET AL bought a new position in shares of Laureate Education in the second quarter valued at $208,000. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Laureate Education in the second quarter valued at $252,000. Institutional investors and hedge funds own 28.36% of the company’s stock.
A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Laureate Education from a “sell” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird reissued a “buy” rating and set a $18.00 target price on shares of Laureate Education in a report on Wednesday. BMO Capital Markets reissued a “buy” rating and set a $18.00 target price on shares of Laureate Education in a report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $18.00 price target (down previously from $21.00) on shares of Laureate Education in a research note on Thursday, November 9th. Finally, ValuEngine raised Laureate Education from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $17.07.
Laureate Education Inc (NASDAQ LAUR) opened at $15.26 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.94. Laureate Education Inc has a 12 month low of $10.46 and a 12 month high of $18.96. The stock has a market capitalization of $3,019.66 and a P/E ratio of -10.04.
Laureate Education (NASDAQ:LAUR) last issued its earnings results on Wednesday, November 8th. The company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.41). Laureate Education had a negative return on equity of 2.66% and a negative net margin of 1.47%. The firm had revenue of $983.40 million for the quarter, compared to analyst estimates of $972.59 million. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. equities research analysts anticipate that Laureate Education Inc will post -1.58 EPS for the current year.
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Laureate Education Profile
Laureate Education, Inc provides higher education programs and services to students through an international network of licensed universities and higher education institutions (institutions). The Company’s programs are provided through institutions that are campus-based and Internet-based, or through electronically distributed educational programs (online).
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