Laureate Education Inc (NASDAQ:LAUR) Director Sells $16,680,774.88 in Stock

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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.

Several institutional investors and hedge funds have recently made changes to their positions in LAUR. Dimensional Fund Advisors LP lifted its position in shares of Laureate Education by 19.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,291,240 shares of the company’s stock worth $19,677,000 after purchasing an additional 213,470 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Laureate Education by 244.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 21,658 shares of the company’s stock worth $324,000 after purchasing an additional 15,368 shares during the period. Bank of Montreal Can lifted its position in shares of Laureate Education by 3,022.8% in the 1st quarter. Bank of Montreal Can now owns 98,867 shares of the company’s stock worth $1,480,000 after purchasing an additional 95,701 shares during the period. SG Americas Securities LLC lifted its position in shares of Laureate Education by 53.6% in the 1st quarter. SG Americas Securities LLC now owns 10,960 shares of the company’s stock worth $164,000 after purchasing an additional 3,823 shares during the period. Finally, American International Group Inc. lifted its position in shares of Laureate Education by 91.5% in the 1st quarter. American International Group Inc. now owns 119,552 shares of the company’s stock worth $1,790,000 after purchasing an additional 57,128 shares during the period. 50.03% of the stock is owned by hedge funds and other institutional investors.

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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