Wells Fargo & Company MN Has $1.57 Million Stake in Laureate Education Inc (LAUR)

Wells Fargo & Company MN raised its holdings in shares of Laureate Education Inc (NASDAQ:LAUR) by 24.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,021 shares of the company’s stock after acquiring an additional 21,470 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of Laureate Education worth $1,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Laureate Education during the 2nd quarter worth $122,000. Legal & General Group Plc boosted 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 during the last quarter. SG Americas Securities LLC purchased a new position in shares of Laureate Education during the 3rd quarter worth $138,000. Tudor Investment Corp ET AL purchased a new position in shares of Laureate Education during the 2nd quarter worth $208,000. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of Laureate Education during the 2nd quarter worth $252,000. Institutional investors and hedge funds own 28.36% of the company’s stock.

Shares of Laureate Education Inc (LAUR) opened at $15.05 on Friday. The company has a market cap of $2,785.51 and a price-to-earnings ratio of -9.90. Laureate Education Inc has a 52-week low of $10.46 and a 52-week high of $18.96. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.82 and a current ratio of 0.82.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($1.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.41). The firm had revenue of $983.40 million for the quarter, compared to the consensus estimate of $972.59 million. Laureate Education had a negative net margin of 1.47% and a negative return on equity of 2.66%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. analysts anticipate that Laureate Education Inc will post -1.58 earnings per share for the current fiscal year.

LAUR has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and set a $18.00 price objective (down from $21.00) on shares of Laureate Education in a research report on Thursday, November 9th. Credit Suisse Group decreased their price objective on shares of Laureate Education from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. BMO Capital Markets decreased their price objective on shares of Laureate Education from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. Finally, ValuEngine downgraded shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $17.07.

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Laureate Education Company 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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Institutional Ownership by Quarter for Laureate Education (NASDAQ:LAUR)

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