Rhumbline Advisers raised its position in Laureate Education Inc (NASDAQ:LAUR) by 16.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,431 shares of the company’s stock after buying an additional 23,445 shares during the period. Rhumbline Advisers owned approximately 0.07% of Laureate Education worth $2,709,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of LAUR. New York State Teachers Retirement System purchased a new position in Laureate Education in the 2nd quarter valued at about $130,000. Man Group plc acquired a new stake in shares of Laureate Education in the 2nd quarter valued at about $192,000. ETRADE Capital Management LLC acquired a new stake in shares of Laureate Education in the 2nd quarter valued at about $195,000. CPV Partners LLC acquired a new stake in shares of Laureate Education in the 2nd quarter valued at about $225,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Laureate Education in the 2nd quarter valued at about $233,000. 50.42% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Laureate Education from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. Stifel Nicolaus set a $22.00 target price on shares of Laureate Education and gave the company a “buy” rating in a research note on Friday, August 30th. TheStreet lowered shares of Laureate Education from a “b” rating to a “c+” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their target price on shares of Laureate Education from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, Citigroup restated a “buy” rating and issued a $22.00 target price (up previously from $19.00) on shares of Laureate Education in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $21.33.
In related news, CEO Paula R. Singer sold 3,348 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $18.19, for a total transaction of $60,900.12. Following the sale, the chief executive officer now owns 26,578 shares in the company, valued at $483,453.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Alberta Lp Wengen sold 15,000,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $16.72, for a total transaction of $250,800,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,007,700 shares of company stock worth $267,649,178. 2.97% of the stock is owned by company insiders.
Shares of Laureate Education stock traded up $0.14 during trading on Tuesday, reaching $16.87. The company had a trading volume of 42,421 shares, compared to its average volume of 1,499,706. The company has a market cap of $3.75 billion, a price-to-earnings ratio of -561.67, a price-to-earnings-growth ratio of 3.91 and a beta of 0.15. The firm’s fifty day moving average is $16.07 and its 200-day moving average is $16.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. Laureate Education Inc has a fifty-two week low of $13.58 and a fifty-two week high of $18.57.
Laureate Education (NASDAQ:LAUR) last issued its earnings results on Wednesday, November 6th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.49). The company had revenue of $773.70 million during the quarter, compared to analyst estimates of $781.12 million. Laureate Education had a net margin of 28.67% and a negative return on equity of 0.22%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.42) EPS. On average, research analysts anticipate that Laureate Education Inc will post 0.35 EPS for the current fiscal year.
About Laureate Education
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It operates through five segments: Brazil, Mexico, Andean, Rest of World, and Online & Partnerships. The company offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.
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