Loomis Sayles & Co. L P Sells 55,547 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Loomis Sayles & Co. L P cut its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,779,602 shares of the company’s stock after selling 55,547 shares during the quarter. Loomis Sayles & Co. L P owned about 1.18% of Laureate Education worth $32,549,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LAUR. Asset Management One Co. Ltd. increased its holdings in shares of Laureate Education by 21.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 76,317 shares of the company’s stock valued at $1,390,000 after purchasing an additional 13,540 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Laureate Education by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,181,073 shares of the company’s stock valued at $39,892,000 after buying an additional 35,521 shares during the last quarter. Burney Co. bought a new position in Laureate Education in the 4th quarter valued at about $666,000. KBC Group NV lifted its position in Laureate Education by 48.4% during the fourth quarter. KBC Group NV now owns 6,049 shares of the company’s stock worth $111,000 after acquiring an additional 1,974 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Laureate Education during the fourth quarter worth approximately $310,000. Institutional investors own 96.27% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ian Kendell Snow sold 520,831 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $17.47, for a total transaction of $9,098,917.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.32% of the company’s stock.

Laureate Education Trading Up 3.0 %

LAUR stock opened at $20.66 on Friday. Laureate Education, Inc. has a 52 week low of $13.26 and a 52 week high of $21.73. The company has a market capitalization of $3.12 billion, a PE ratio of 10.65 and a beta of 0.80. The company’s 50-day simple moving average is $19.46 and its 200 day simple moving average is $18.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63.

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

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lifted their price target on Laureate Education from $21.00 to $23.00 and gave the stock 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.