Laureate Education, Inc. (NASDAQ:LAUR) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 76.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 84,658 shares of the company’s stock after selling 276,434 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Laureate Education were worth $1,406,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Swedbank AB increased its holdings in shares of Laureate Education by 225.8% in the third quarter. Swedbank AB now owns 2,513,300 shares of the company’s stock valued at $41,746,000 after purchasing an additional 1,741,800 shares during the period. First Pacific Advisors LP increased its holdings in shares of Laureate Education by 32.5% in the first quarter. First Pacific Advisors LP now owns 813,781 shares of the company’s stock valued at $11,857,000 after purchasing an additional 199,423 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Laureate Education by 218.5% in the second quarter. Harbor Capital Advisors Inc. now owns 268,412 shares of the company’s stock valued at $4,010,000 after purchasing an additional 184,139 shares during the period. Van Berkom & Associates Inc. increased its holdings in shares of Laureate Education by 2.2% in the second quarter. Van Berkom & Associates Inc. now owns 6,951,804 shares of the company’s stock valued at $103,860,000 after purchasing an additional 151,397 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Laureate Education by 1.0% in the first quarter. Vanguard Group Inc. now owns 14,231,273 shares of the company’s stock valued at $207,350,000 after purchasing an additional 136,865 shares during the period. 96.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LAUR has been the topic of a number of research reports. BMO Capital Markets increased their price objective on Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley lowered Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price objective on the stock. in a report on Friday, July 26th.

Laureate Education Stock Down 1.6 %

Laureate Education stock opened at $16.90 on Friday. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 10.70 and a beta of 0.82. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $18.39. The business’s 50-day moving average price is $15.78 and its 200 day moving average price is $15.26. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.22.

Laureate Education (NASDAQ:LAUR) last posted its earnings results on Thursday, October 31st. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.16 by $0.40. The firm had revenue of $368.60 million for the quarter, compared to analyst estimates of $361.80 million. Laureate Education had a return on equity of 21.37% and a net margin of 12.64%. Laureate Education’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. As a group, sell-side analysts anticipate that Laureate Education, Inc. will post 1.41 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.