Laureate Education, Inc. (NASDAQ:LAUR) Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd lowered its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,737 shares of the company’s stock after selling 930 shares during the quarter. Premier Fund Managers Ltd’s holdings in Laureate Education were worth $140,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LAUR. J.Safra Asset Management Corp increased its position in Laureate Education by 34.4% during the fourth quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company’s stock worth $61,000 after purchasing an additional 866 shares during the last quarter. KBC Group NV increased its holdings in shares of 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 during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Laureate Education by 10.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company’s stock worth $128,000 after buying an additional 673 shares during the period. Nomura Asset Management Co. Ltd. acquired a new position in Laureate Education in the fourth quarter valued at $216,000. Finally, New York State Teachers Retirement System grew its position in Laureate Education by 112.8% during the fourth quarter. New York State Teachers Retirement System now owns 12,180 shares of the company’s stock valued at $223,000 after acquiring an additional 6,455 shares during the period. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Laureate Education Trading Down 1.0 %

NASDAQ:LAUR opened at $20.45 on Friday. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 10.54 and a beta of 0.80. Laureate Education, Inc. has a one year low of $13.26 and a one year high of $21.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. The business’s 50-day simple moving average is $19.50 and its 200 day simple moving average is $18.19.

Laureate Education (NASDAQ:LAUR) last issued its earnings results on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.20. The business had revenue of $423.40 million for 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%. As a group, sell-side analysts predict that Laureate Education, Inc. will post 1.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Laureate Education

In other news, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 2.32% of the stock is currently owned by insiders.

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.