Laureate Education, Inc. (NASDAQ:LAUR) Director Sells $9,098,917.57 in Stock

Laureate Education, Inc. (NASDAQ:LAUR) Director Ian Kendell Snow sold 520,831 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $17.47, for a total value of $9,098,917.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Laureate Education Stock Performance

Shares of LAUR stock traded up $0.43 during trading hours on Monday, reaching $19.32. 981,529 shares of the company’s stock were exchanged, compared to its average volume of 699,260. Laureate Education, Inc. has a fifty-two week low of $13.26 and a fifty-two week high of $21.73. The stock has a market capitalization of $2.91 billion, a P/E ratio of 9.96 and a beta of 0.80. The business has a fifty day moving average price of $19.26 and a 200-day moving average price of $17.93. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15.

Laureate Education (NASDAQ:LAUR) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.20. The business had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $411.50 million. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. Analysts predict that Laureate Education, Inc. will post 1.51 EPS for the current fiscal year.

Institutional Trading of Laureate Education

A number of institutional investors and hedge funds have recently modified their holdings of LAUR. Dimensional Fund Advisors LP grew its position in Laureate Education by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,090,486 shares of the company’s stock valued at $129,683,000 after acquiring an additional 87,267 shares during the period. Geode Capital Management LLC grew its position in Laureate Education by 0.3% in the third quarter. Geode Capital Management LLC now owns 3,185,347 shares of the company’s stock valued at $52,918,000 after acquiring an additional 10,447 shares during the period. State Street Corp grew its position in Laureate Education by 2.2% in the third quarter. State Street Corp now owns 3,116,661 shares of the company’s stock valued at $51,768,000 after acquiring an additional 68,122 shares during the period. Boston Partners grew its position in Laureate Education by 5.3% in the fourth quarter. Boston Partners now owns 2,584,925 shares of the company’s stock valued at $47,497,000 after acquiring an additional 130,172 shares during the period. Finally, Swedbank AB grew its position in 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 acquiring an additional 1,741,800 shares during the period. 96.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upped their price target on Laureate Education from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, February 24th.

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.