Laureate Education Inc. (NASDAQ:LAUR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “Laureate Education, Inc. is a degree-granting higher education institutions. The company offers high-quality undergraduate, graduate and specialized programs. Laureate Education, Inc. is headquartered in Baltimore, Maryland. “

Several other equities research analysts have also issued reports on LAUR. Piper Jaffray Companies reaffirmed a “buy” rating and set a $17.00 price target on shares of Laureate Education in a report on Tuesday, August 29th. Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 price target (up from $20.00) on shares of Laureate Education in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Laureate Education presently has an average rating of “Buy” and an average target price of $17.28.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25). The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.24 billion. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year.

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In other Laureate Education news, CEO Richard J. Patro sold 16,383 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $15.21, for a total transaction of $249,185.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Ricardo M. Berckemeyer sold 47,983 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $14.29, for a total transaction of $685,677.07. The disclosure for this sale can be found here. Insiders own 13.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Stifel Financial Corp bought a new stake in Laureate Education during the 1st quarter worth approximately $147,000. Ameriprise Financial Inc. bought a new stake in Laureate Education during the 1st quarter worth approximately $1,834,000. Neuberger Berman Group LLC grew its holdings in Laureate Education by 33.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,361,309 shares of the company’s stock worth $23,864,000 after acquiring an additional 343,649 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Laureate Education during the 2nd quarter worth approximately $21,040,000. Finally, Swiss National Bank bought a new stake in Laureate Education during the 2nd quarter worth approximately $926,000. 20.86% of the stock is currently owned by hedge funds and other institutional investors.

Laureate Education Company Profile

Laureate Education, Inc provides higher education programs and services to students through an international network of licensed universities and higher education institutions (institutions). The Company’s programs are provided through institutions that are campus-based and Internet-based, or through electronically distributed educational programs (online).

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Analyst Recommendations for Laureate Education (NASDAQ:LAUR)

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