Laureate Education, Inc. (NASDAQ:LAUR) Director Ian Kendell Snow Sells 520,831 Shares of Stock

Laureate Education, Inc. (NASDAQ:LAUR) Director Ian Kendell Snow sold 520,831 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $17.47, for a total transaction of $9,098,917.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Laureate Education Price Performance

Shares of NASDAQ LAUR opened at $19.32 on Tuesday. The firm has a market cap of $2.91 billion, a PE ratio of 9.96 and a beta of 0.80. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. Laureate Education, Inc. has a 1-year low of $13.26 and a 1-year high of $21.73. The company has a fifty day moving average price of $19.26 and a 200 day moving average price of $17.93.

Laureate Education (NASDAQ:LAUR) last announced its earnings results on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. The firm had revenue of $423.40 million during the quarter, compared to analyst estimates of $411.50 million. Laureate Education had a net margin of 18.92% and a return on equity of 32.35%. Research analysts predict that Laureate Education, Inc. will post 1.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Laureate Education

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. lifted its position in Laureate Education by 21.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 76,317 shares of the company’s stock worth $1,390,000 after buying an additional 13,540 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Laureate Education by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,145,552 shares of the company’s stock worth $35,638,000 after buying an additional 80,570 shares in the last quarter. Burney Co. bought a new stake in Laureate Education during the 4th quarter worth about $666,000. KBC Group NV lifted its position in Laureate Education by 48.4% during the 4th quarter. KBC Group NV now owns 6,049 shares of the company’s stock worth $111,000 after buying an additional 1,974 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Laureate Education during the 4th quarter worth about $310,000. 96.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BMO Capital Markets boosted their price target on shares of Laureate Education from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, February 24th.

Laureate Education Company Profile

Laureate Education, Inc, together with its subsidiaries, offers higher education programs and services to students through a network of universities and higher education institutions. The company provides a range of undergraduate and graduate degree programs in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.