The Manufacturers Life Insurance Company Sells 2,119 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

The Manufacturers Life Insurance Company cut its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,634 shares of the company’s stock after selling 2,119 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Laureate Education were worth $1,206,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. nVerses Capital LLC acquired a new stake in shares of Laureate Education during the 2nd quarter worth $25,000. Van ECK Associates Corp lifted its position in Laureate Education by 51.0% during 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 period. Quarry LP acquired a new stake in Laureate Education during the second quarter worth about $50,000. KBC Group NV increased its holdings in Laureate Education by 62.3% in the 3rd quarter. KBC Group NV now owns 4,075 shares of the company’s stock valued at $68,000 after buying an additional 1,564 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in shares of Laureate Education in the 3rd quarter valued at approximately $95,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity

In other Laureate Education news, Director Corro Pedro Del sold 25,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.58, for a total transaction of $489,500.00. Following the completion of the sale, the director now owns 29,686 shares of the company’s stock, valued at approximately $581,251.88. The trade was a 45.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.32% of the company’s stock.

Laureate Education Stock Up 3.0 %

LAUR stock opened at $19.28 on Thursday. Laureate Education, Inc. has a 1-year low of $12.45 and a 1-year high of $19.98. The stock’s fifty day simple moving average is $17.38 and its two-hundred day simple moving average is $15.93. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.91 billion, a P/E ratio of 12.20 and a beta of 0.82.

Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.16 by $0.40. The company had revenue of $368.60 million during the quarter, compared to analysts’ expectations of $361.80 million. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. Laureate Education’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 earnings per share. Analysts expect that Laureate Education, Inc. will post 1.42 EPS for the current year.

Laureate Education Company 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.