First Pacific Advisors LP Sells 93,040 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

First Pacific Advisors LP reduced its holdings in Laureate Education, Inc. (NASDAQ:LAUR) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 726,055 shares of the company’s stock after selling 93,040 shares during the period. First Pacific Advisors LP’s holdings in Laureate Education were worth $13,280,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in shares of Laureate Education by 51.0% in the third quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock worth $36,000 after acquiring an additional 763 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in Laureate Education by 34.4% in the 4th quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company’s stock valued at $61,000 after purchasing an additional 866 shares during the period. KBC Group NV grew its position in Laureate Education by 62.3% in the 3rd quarter. KBC Group NV now owns 4,075 shares of the company’s stock worth $68,000 after purchasing an additional 1,564 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Laureate Education during the 3rd quarter worth about $95,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Laureate Education by 10.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company’s stock valued at $128,000 after buying an additional 673 shares during the last quarter. 96.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, BMO Capital Markets lifted their target price on Laureate Education from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, February 24th.

Laureate Education Stock Performance

LAUR opened at $19.42 on Monday. The stock has a market cap of $2.93 billion, a PE ratio of 10.01 and a beta of 0.80. Laureate Education, Inc. has a 1 year low of $13.26 and a 1 year high of $21.73. The stock’s 50 day simple moving average is $19.17 and its 200-day simple moving average is $17.77. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.20. The firm had revenue of $423.40 million for the quarter, compared to analyst estimates of $411.50 million. Laureate Education had a net margin of 18.92% and a return on equity of 32.35%. Sell-side analysts forecast that Laureate Education, Inc. will post 1.51 EPS for the current year.

Laureate Education Profile

Laureate Education, Inc, together with its subsidiaries, offers higher education programs and services to students through a network of universities and higher education institutions. The company provides a range of undergraduate and graduate degree programs in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.