Fmr LLC Trims Stake in Laureate Education, Inc. (NASDAQ:LAUR)

Fmr LLC decreased its position in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 1.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,602,739 shares of the company’s stock after selling 279,126 shares during the period. Fmr LLC owned about 0.15% of Laureate Education worth $413,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LAUR. Asset Management One Co. Ltd. boosted its position in shares of Laureate Education by 21.6% in 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. boosted its position in shares of Laureate Education by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,181,073 shares of the company’s stock worth $39,892,000 after purchasing an additional 35,521 shares in the last quarter. Burney Co. bought a new stake in shares of Laureate Education in the 4th quarter worth approximately $666,000. KBC Group NV boosted its position in shares of Laureate Education by 48.4% in the 4th quarter. KBC Group NV now owns 6,049 shares of the company’s stock worth $111,000 after purchasing an additional 1,974 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Laureate Education in the 4th quarter worth approximately $310,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Laureate Education

In related news, Director Ian Kendell Snow sold 520,831 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $17.47, for a total value of $9,098,917.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.32% of the stock is currently owned by insiders.

Laureate Education Stock Performance

Shares of LAUR opened at $19.56 on Thursday. The stock has a market cap of $2.95 billion, a P/E ratio of 10.08 and a beta of 0.43. Laureate Education, Inc. has a 52 week low of $13.26 and a 52 week high of $21.73. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average price is $19.66 and its 200-day moving average price is $18.43.

Laureate Education (NASDAQ:LAUR) last released its quarterly earnings data 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 business had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $411.50 million. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. Equities research analysts anticipate that Laureate Education, Inc. will post 1.51 earnings per share for the current fiscal 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.