Connor Clark & Lunn Investment Management Ltd. Sells 34,805 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Connor Clark & Lunn Investment Management Ltd. reduced its position in Laureate Education, Inc. (NASDAQ:LAUR) by 36.2% in the 3rd quarter, Holdings Channel reports. The firm owned 61,312 shares of the company’s stock after selling 34,805 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Laureate Education were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of LAUR. Vanguard Group Inc. lifted its holdings in shares of Laureate Education by 1.0% during the first quarter. Vanguard Group Inc. now owns 14,231,273 shares of the company’s stock valued at $207,350,000 after acquiring an additional 136,865 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Laureate Education by 6.9% during the first quarter. Lazard Asset Management LLC now owns 20,268 shares of the company’s stock valued at $295,000 after acquiring an additional 1,301 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Laureate Education by 81.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 156,438 shares of the company’s stock valued at $2,280,000 after acquiring an additional 70,121 shares during the period. Swedbank AB bought a new position in shares of Laureate Education during the first quarter valued at $11,241,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Laureate Education by 218.5% during the second quarter. Harbor Capital Advisors Inc. now owns 268,412 shares of the company’s stock valued at $4,010,000 after acquiring an additional 184,139 shares during the period. 96.27% of the stock is owned by institutional investors.

Laureate Education Stock Performance

Shares of NASDAQ:LAUR opened at $18.93 on Thursday. Laureate Education, Inc. has a twelve month low of $12.45 and a twelve month high of $19.98. The firm has a market cap of $2.85 billion, a PE ratio of 11.98 and a beta of 0.82. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. The business has a fifty day moving average of $16.94 and a 200-day moving average of $15.75.

Laureate Education (NASDAQ:LAUR) last announced its earnings results on Thursday, October 31st. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.40. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. The company had revenue of $368.60 million during the quarter, compared to analyst estimates of $361.80 million. During the same period last year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that Laureate Education, Inc. will post 1.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lifted their price objective on Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 1st.

Insider Activity

In related news, Director Corro Pedro Del sold 25,000 shares of Laureate Education stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.58, for a total value of $489,500.00. Following the completion of the sale, the director now directly owns 29,686 shares in the company, valued at $581,251.88. This trade represents a 45.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.32% of the stock is currently owned by corporate insiders.

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.