Laureate Education Inc (NASDAQ:LAUR) CEO Paula R. Singer sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $16.62, for a total value of $249,300.00. Following the completion of the sale, the chief executive officer now directly owns 39,970 shares in the company, valued at approximately $664,301.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of LAUR stock traded down $0.13 during mid-day trading on Thursday, hitting $16.68. 43,130 shares of the stock traded hands, compared to its average volume of 711,949. Laureate Education Inc has a twelve month low of $13.58 and a twelve month high of $17.15. The stock has a market cap of $3.59 billion, a PE ratio of -556.33, a price-to-earnings-growth ratio of 1.76 and a beta of 0.43. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.02 and a current ratio of 0.87.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $1.45. Laureate Education had a return on equity of 4.71% and a net margin of 11.00%. The company had revenue of $621.80 million for the quarter, compared to analysts’ expectations of $609.98 million. During the same period last year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities research analysts predict that Laureate Education Inc will post 0.76 earnings per share for the current year.
LAUR has been the topic of several recent research reports. TheStreet raised Laureate Education from a “c” rating to a “b-” rating in a report on Friday, April 26th. Zacks Investment Research cut Laureate Education from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.30.
Several hedge funds have recently modified their holdings of the company. FMR LLC grew its holdings in shares of Laureate Education by 141.4% in the 4th quarter. FMR LLC now owns 11,265,979 shares of the company’s stock worth $171,694,000 after acquiring an additional 6,599,488 shares during the last quarter. Morgan Stanley boosted its position in shares of Laureate Education by 527.1% in the third quarter. Morgan Stanley now owns 1,897,383 shares of the company’s stock worth $29,296,000 after buying an additional 1,594,832 shares during the period. BlackRock Inc. boosted its position in shares of Laureate Education by 28.2% in the fourth quarter. BlackRock Inc. now owns 6,283,058 shares of the company’s stock worth $95,755,000 after buying an additional 1,382,466 shares during the period. Select Equity Group L.P. acquired a new stake in shares of Laureate Education in the first quarter worth $11,891,000. Finally, Van Berkom & Associates Inc. boosted its position in shares of Laureate Education by 12.2% in the first quarter. Van Berkom & Associates Inc. now owns 4,758,368 shares of the company’s stock worth $71,233,000 after buying an additional 516,600 shares during the period. Institutional investors own 43.37% of the company’s stock.
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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