Prudential Financial Inc. lifted its holdings in shares of Laureate Education Inc (NASDAQ:LAUR) by 58.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 427,417 shares of the company’s stock after buying an additional 158,107 shares during the period. Prudential Financial Inc. owned about 0.19% of Laureate Education worth $6,599,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in Laureate Education by 206.4% in the third quarter. JPMorgan Chase & Co. now owns 33,373 shares of the company’s stock valued at $515,000 after purchasing an additional 22,482 shares during the period. SG Americas Securities LLC purchased a new position in Laureate Education in the third quarter valued at about $4,295,000. Penserra Capital Management LLC purchased a new position in Laureate Education in the third quarter valued at about $520,000. American Century Companies Inc. purchased a new position in Laureate Education in the third quarter valued at about $2,699,000. Finally, Chicago Equity Partners LLC raised its position in Laureate Education by 2.2% in the third quarter. Chicago Equity Partners LLC now owns 289,965 shares of the company’s stock valued at $4,477,000 after purchasing an additional 6,210 shares during the period. 35.68% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on LAUR. Zacks Investment Research raised Laureate Education from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Wednesday, October 10th. ValuEngine raised Laureate Education from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Citigroup raised their target price on Laureate Education from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, August 15th. Barclays restated a “hold” rating and set a $17.00 target price on shares of Laureate Education in a research note on Friday, August 10th. Finally, Barrington Research restated a “buy” rating and set a $20.00 target price on shares of Laureate Education in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Laureate Education has an average rating of “Buy” and a consensus target price of $18.44.
In other news, CEO Paula R. Singer sold 7,703 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $15.31, for a total transaction of $117,932.93. Following the completion of the sale, the chief executive officer now directly owns 68,364 shares in the company, valued at $1,046,652.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alberta Lp Wengen sold 14,087,500 shares of the firm’s stock in a transaction dated 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 have sold 14,110,609 shares of company stock valued at $189,677,551 over the last 90 days. Insiders own 13.10% of the company’s stock.
Shares of Laureate Education stock opened at $14.69 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $3.35 billion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 1.54 and a beta of 0.90. Laureate Education Inc has a 1-year low of $12.44 and a 1-year high of $17.15.
Laureate Education (NASDAQ:LAUR) last announced its earnings results on Thursday, November 8th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.04. The company had revenue of $787.10 million during the quarter, compared to the consensus estimate of $929.30 million. Laureate Education had a return on equity of 14.99% and a net margin of 11.83%. The company’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm earned ($1.02) earnings per share.
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Laureate Education Profile
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.
See Also: Cash Flow
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