Ameriprise Financial Inc. decreased its position in Laureate Education Inc (NASDAQ:LAUR) by 37.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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.
A number of other institutional investors have also recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in Laureate Education in the second quarter valued at about $122,000. SG Americas Securities LLC acquired a new stake in shares of Laureate Education during the third quarter worth about $138,000. Legal & General Group Plc raised its position in shares of Laureate Education by 61.2% during the second quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock worth $150,000 after purchasing an additional 3,240 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Laureate Education during the second quarter worth about $208,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of Laureate Education during the second quarter worth about $252,000. Institutional investors and hedge funds own 28.37% of the company’s stock.
Shares of Laureate Education Inc (LAUR) traded down $0.06 during midday trading on Friday, reaching $14.20. The company’s stock had a trading volume of 497,376 shares, compared to its average volume of 502,369. The firm has a market cap of $2,697.47 and a PE ratio of -9.34. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.82 and a quick ratio of 0.82. Laureate Education Inc has a 52-week low of $10.46 and a 52-week high of $18.96.
Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($1.02) EPS 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 business had revenue of $983.40 million for the quarter, compared to analyst estimates of $972.59 million. Laureate Education’s quarterly revenue was up 5.8% on a year-over-year basis. equities research analysts expect that Laureate Education Inc will post -1.58 earnings per share for the current fiscal year.
A number of research firms recently issued reports on LAUR. Zacks Investment Research upgraded Laureate Education from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Robert W. Baird restated a “buy” rating and issued a $18.00 price target on shares of Laureate Education in a research note on Wednesday, January 17th. BMO Capital Markets restated a “buy” rating and issued a $18.00 price target on shares of Laureate Education in a research note on Wednesday, January 17th. Piper Jaffray Companies reiterated a “buy” rating and set a $19.00 target price on shares of Laureate Education in a research note on Thursday. Finally, ValuEngine downgraded Laureate Education from a “hold” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Laureate Education currently has a consensus rating of “Buy” and a consensus price target of $17.28.
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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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