Monarch Partners Asset Management LLC lowered its holdings in Laureate Education Inc (NASDAQ:LAUR) by 6.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 642,774 shares of the company’s stock after selling 47,790 shares during the quarter. Laureate Education accounts for about 1.6% of Monarch Partners Asset Management LLC’s holdings, making the stock its 15th biggest position. Monarch Partners Asset Management LLC owned about 0.29% of Laureate Education worth $10,654,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Laureate Education by 23.9% in the second quarter. Vanguard Group Inc. now owns 9,435,084 shares of the company’s stock valued at $148,225,000 after acquiring an additional 1,817,734 shares during the period. Van Berkom & Associates Inc. increased its position in shares of Laureate Education by 4.4% in the second quarter. Van Berkom & Associates Inc. now owns 4,965,511 shares of the company’s stock valued at $78,008,000 after buying an additional 207,143 shares in the last quarter. SG Capital Management LLC increased its position in shares of Laureate Education by 54.0% in the third quarter. SG Capital Management LLC now owns 1,887,031 shares of the company’s stock valued at $31,278,000 after buying an additional 661,548 shares in the last quarter. Park West Asset Management LLC increased its position in shares of Laureate Education by 160.0% in the second quarter. Park West Asset Management LLC now owns 1,686,650 shares of the company’s stock valued at $26,497,000 after buying an additional 1,037,950 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in shares of Laureate Education in the second quarter valued at $23,585,000. 50.46% of the stock is owned by institutional investors.
LAUR has been the subject of a number of research analyst reports. BidaskClub cut Laureate Education from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. ValuEngine upgraded Laureate Education from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 10th. Stifel Nicolaus set a $22.00 price target on Laureate Education and gave the company a “buy” rating in a research report on Friday, August 30th. TheStreet cut Laureate Education from a “b” rating to a “c+” rating in a research report on Wednesday, October 9th. Finally, Citigroup restated a “buy” rating and issued a $22.00 price target (up previously from $19.00) on shares of Laureate Education in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company. Laureate Education has an average rating of “Buy” and a consensus price target of $21.33.
In related news, major shareholder Alberta Lp Wengen sold 15,000,000 shares of Laureate Education stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $16.72, for a total transaction of $250,800,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Paula R. Singer sold 3,348 shares of Laureate Education stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $18.19, for a total value of $60,900.12. Following the sale, the chief executive officer now owns 26,578 shares of the company’s stock, valued at approximately $483,453.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,007,700 shares of company stock valued at $267,649,178. 2.97% of the stock is currently owned by company insiders.
Laureate Education stock traded down $0.18 during midday trading on Friday, reaching $16.67. 2,238,200 shares of the company were exchanged, compared to its average volume of 1,046,413. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of -555.67, a P/E/G ratio of 2.01 and a beta of 0.15. The firm’s 50-day simple moving average is $16.12 and its 200-day simple moving average is $16.37. Laureate Education Inc has a 1 year low of $13.58 and a 1 year high of $18.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.93 and a current ratio of 0.93.
Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.49). The company had revenue of $773.70 million for the quarter, compared to analysts’ expectations of $781.12 million. Laureate Education had a negative return on equity of 0.85% and a net margin of 28.57%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.42) EPS. On average, analysts forecast that Laureate Education Inc will post 0.66 EPS for the current fiscal year.
Laureate Education Profile
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It operates through five segments: Brazil, Mexico, Andean, Rest of World, and Online & Partnerships. The company offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.
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