Laureate Education, Inc. (NASDAQ:LAUR) Director Sells $9,098,917.57 in Stock

Laureate Education, Inc. (NASDAQ:LAUR) Director Ian Kendell Snow sold 520,831 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $17.47, for a total transaction of $9,098,917.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Laureate Education Stock Up 1.7 %

LAUR opened at $19.62 on Thursday. Laureate Education, Inc. has a 1-year low of $13.26 and a 1-year high of $21.73. The business has a 50 day moving average of $19.29 and a 200-day moving average of $17.97. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 10.11 and a beta of 0.80. 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 posted its quarterly earnings results on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.20. The company 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%. As a group, sell-side analysts anticipate that Laureate Education, Inc. will post 1.51 earnings per share for the current year.

Hedge Funds Weigh In On Laureate Education

Several institutional investors and hedge funds have recently added to or reduced their stakes in LAUR. Asset Management One Co. Ltd. grew its holdings in shares of Laureate Education by 21.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 76,317 shares of the company’s stock worth $1,390,000 after purchasing an additional 13,540 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Laureate Education by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,145,552 shares of the company’s stock valued at $35,638,000 after purchasing an additional 80,570 shares in the last quarter. Burney Co. bought a new position in Laureate Education in the fourth quarter worth $666,000. KBC Group NV boosted its stake in Laureate Education by 48.4% during the fourth quarter. KBC Group NV now owns 6,049 shares of the company’s stock worth $111,000 after buying an additional 1,974 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Laureate Education in the 4th quarter valued at $310,000. 96.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Laureate Education Company 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.