Vanguard Group Inc Boosts Holdings in Laureate Education Inc (LAUR)

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Vanguard Group Inc boosted its position in shares of Laureate Education Inc (NASDAQ:LAUR) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,001,634 shares of the company’s stock after buying an additional 425,706 shares during the period. Vanguard Group Inc owned 2.68% of Laureate Education worth $92,664,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Blair William & Co. IL purchased a new stake in Laureate Education during the 3rd quarter worth approximately $156,000. Amalgamated Bank purchased a new stake in shares of Laureate Education in the third quarter valued at approximately $174,000. Point72 Asset Management L.P. purchased a new stake in shares of Laureate Education in the third quarter valued at approximately $198,000. Legal & General Group Plc grew its position in shares of Laureate Education by 63.8% in the third quarter. Legal & General Group Plc now owns 13,423 shares of the company’s stock valued at $207,000 after purchasing an additional 5,230 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Laureate Education in the third quarter valued at approximately $243,000. Institutional investors own 35.68% of the company’s stock.

In related news, CEO Paula R. Singer sold 7,703 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $14.74, for a total value of $113,542.22. Following the transaction, the chief executive officer now directly owns 45,255 shares in the company, valued at $667,058.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alberta Lp Wengen sold 14,087,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $13.44, for a total value of $189,336,000.00. The disclosure for this sale can be found here. Insiders sold 14,102,906 shares of company stock worth $189,558,463 over the last quarter. 4.59% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on LAUR shares. ValuEngine upgraded Laureate Education from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Barrington Research restated a “buy” rating and issued a $20.00 price target on shares of Laureate Education in a research report on Monday, November 12th. Citigroup restated a “buy” rating and issued a $19.00 price target on shares of Laureate Education in a research report on Wednesday, December 12th. Finally, Zacks Investment Research upgraded Laureate Education from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.31.

LAUR stock opened at $15.25 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $3.40 billion, a PE ratio of -12.71, a P/E/G ratio of 2.54 and a beta of 0.45. Laureate Education Inc has a 1 year low of $12.70 and a 1 year high of $17.15.

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings results on Thursday, November 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.04. Laureate Education had a return on equity of 14.99% and a net margin of 11.83%. The business had revenue of $787.10 million during the quarter, compared to analyst estimates of $929.30 million. During the same period in the prior year, the business earned ($1.02) earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. Equities research analysts predict that Laureate Education Inc will post 1.45 EPS for the current fiscal year.

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Laureate Education Profile

Laureate Education, Inc engages in the provision of higher educational services to undergraduate and graduate degree programs, through the Laureate International Universities network, offers different fields of study including business, education, engineering, information technology, law, and medicine.

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

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