JPMorgan Chase & Co. Sells 353,641 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

JPMorgan Chase & Co. trimmed its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 27.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 928,983 shares of the company’s stock after selling 353,641 shares during the quarter. JPMorgan Chase & Co.’s holdings in Laureate Education were worth $15,430,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of LAUR. Van ECK Associates Corp grew its holdings 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 purchasing an additional 763 shares during the last quarter. Quarry LP bought a new stake in Laureate Education in the 2nd quarter worth $50,000. KBC Group NV increased its position in shares of Laureate Education by 62.3% in the third quarter. KBC Group NV now owns 4,075 shares of the company’s stock valued at $68,000 after acquiring an additional 1,564 shares during the period. New York State Teachers Retirement System bought a new position in shares of Laureate Education during the third quarter valued at about $95,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of Laureate Education during the third quarter worth about $147,000. 96.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Laureate Education Trading Down 3.4 %

NASDAQ:LAUR opened at $18.04 on Friday. The company has a 50-day moving average price of $18.58 and a 200-day moving average price of $16.47. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 11.42 and a beta of 0.83. 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, Inc. has a 12 month low of $12.45 and a 12 month high of $19.98.

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

Insider Activity at Laureate Education

In other news, Director Corro Pedro Del sold 25,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $19.58, for a total value of $489,500.00. Following the sale, the director now directly owns 29,686 shares of the company’s stock, valued at approximately $581,251.88. This represents a 45.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.