CPV Partners LLC bought a new stake in Laureate Education Inc (NASDAQ:LAUR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,347 shares of the company’s stock, valued at approximately $225,000. Laureate Education makes up approximately 0.8% of CPV Partners LLC’s holdings, making the stock its 2nd largest holding.
A number of other institutional investors have also recently modified their holdings of LAUR. New York State Teachers Retirement System bought a new stake in Laureate Education in the 2nd quarter valued at $130,000. SG Americas Securities LLC boosted its holdings in shares of Laureate Education by 53.6% during the 1st quarter. SG Americas Securities LLC now owns 10,960 shares of the company’s stock valued at $164,000 after acquiring an additional 3,823 shares in the last quarter. Man Group plc acquired a new stake in shares of Laureate Education during the 2nd quarter valued at $192,000. ETRADE Capital Management LLC acquired a new stake in shares of Laureate Education during the 2nd quarter valued at $195,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Laureate Education during the 2nd quarter valued at $233,000. 50.03% of the stock is owned by institutional investors and hedge funds.
LAUR traded down $0.15 during midday trading on Friday, hitting $17.35. 388,269 shares of the company traded hands, compared to its average volume of 1,590,258. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of -578.33, a PEG ratio of 2.18 and a beta of 0.20. Laureate Education Inc has a 52-week low of $13.58 and a 52-week high of $18.57. The business has a 50 day simple moving average of $17.24 and a two-hundred day simple moving average of $16.16.
Several equities research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on Laureate Education from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Stifel Nicolaus set a $22.00 price target on shares of Laureate Education and gave the company a “buy” rating in a research report on Friday, August 30th. ValuEngine downgraded shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Zacks Investment Research downgraded shares of Laureate Education from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, Barrington Research reissued a “buy” rating and set a $22.00 price target on shares of Laureate Education in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, one has assigned 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.
In other Laureate Education news, major shareholder Alberta Lp Wengen sold 15,000,000 shares of Laureate Education stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $16.72, for a total transaction of $250,800,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sterling Capital Partners Iii sold 997,654 shares of Laureate Education 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,007,698 shares of company stock valued at $267,649,548. Company insiders own 2.97% of the company’s stock.
Laureate Education Company 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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