Laureate Education Inc (NASDAQ:LAUR) Director Sterling Capital Partners Iii sold 997,654 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $16.72, for a total transaction of $16,680,774.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of LAUR opened at $17.53 on Thursday. The company has a 50 day moving average price of $17.22 and a 200-day moving average price of $16.14. Laureate Education Inc has a fifty-two week low of $13.58 and a fifty-two week high of $18.57. The stock has a market capitalization of $3.87 billion, a PE ratio of -584.33, a PEG ratio of 2.15 and a beta of 0.19. 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 announced its quarterly earnings results on Thursday, August 8th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.11). Laureate Education had a negative return on equity of 0.85% and a net margin of 28.57%. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $998.46 million. During the same period in the previous year, the company posted $1.00 EPS. Laureate Education’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts forecast that Laureate Education Inc will post 0.65 EPS for the current year.
LAUR has been the subject of several research reports. Barrington Research reissued a “buy” rating and issued a $22.00 price objective on shares of Laureate Education in a research report on Thursday, September 12th. Citigroup reissued a “buy” rating and issued a $22.00 price objective (up from $19.00) on shares of Laureate Education in a research report on Wednesday, August 28th. Stifel Nicolaus set a $22.00 price objective on shares of Laureate Education and gave the company a “buy” rating in a research report on Friday, August 30th. ValuEngine cut shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Finally, BMO Capital Markets boosted their price objective on shares of Laureate Education from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $21.50.
About Laureate Education
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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