Laureate Education, Inc. (NASDAQ:LAUR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 9.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,511,443 shares of the company’s stock after selling 150,686 shares during the period. Bank of New York Mellon Corp’s holdings in Laureate Education were worth $22,581,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. New York State Common Retirement Fund increased its position in shares of Laureate Education by 5.2% during the fourth quarter. New York State Common Retirement Fund now owns 53,319 shares of the company’s stock worth $731,000 after purchasing an additional 2,650 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Laureate Education by 36.9% in the fourth quarter. Victory Capital Management Inc. now owns 40,357 shares of the company’s stock valued at $553,000 after buying an additional 10,885 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Laureate Education by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,966,488 shares of the company’s stock valued at $26,961,000 after buying an additional 45,514 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Laureate Education by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,965,619 shares of the company’s stock worth $95,498,000 after buying an additional 56,458 shares in the last quarter. Finally, New Century Financial Group LLC acquired a new position in Laureate Education during the fourth quarter worth about $657,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded shares of Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price objective for the company. in a report on Friday, July 26th.

Laureate Education Stock Performance

NASDAQ LAUR opened at $15.13 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s fifty day moving average is $14.97 and its two-hundred day moving average is $14.69. The firm has a market capitalization of $2.38 billion, a P/E ratio of 20.45 and a beta of 0.81. Laureate Education, Inc. has a fifty-two week low of $12.45 and a fifty-two week high of $17.60.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. Laureate Education had a net margin of 12.64% and a return on equity of 21.37%. The firm had revenue of $499.20 million for the quarter, compared to analysts’ expectations of $483.69 million. During the same quarter in the previous year, the company posted $0.35 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. On average, research analysts anticipate that Laureate Education, Inc. will post 1.31 earnings per share for the current 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.