Laureate Education, Inc. (NASDAQ:LAUR) Director Sells $489,500.00 in Stock

Laureate Education, Inc. (NASDAQ:LAUR) Director Corro Pedro Del sold 25,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $19.58, for a total value of $489,500.00. Following the completion of the transaction, the director now directly owns 29,686 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink.

Laureate Education Price Performance

Shares of LAUR opened at $19.00 on Friday. The business’s 50-day moving average is $17.02 and its two-hundred day moving average is $15.79. The company has a market capitalization of $2.86 billion, a P/E ratio of 12.03 and a beta of 0.82. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. Laureate Education, Inc. has a fifty-two week low of $12.45 and a fifty-two week high of $19.98.

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

Institutional Investors Weigh In On Laureate Education

A number of institutional investors have recently modified their holdings of LAUR. Swedbank AB grew its position in shares of Laureate Education by 225.8% during the 3rd 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. Cape Ann Asset Management Ltd acquired a new stake in shares of Laureate Education during the 3rd quarter valued at about $17,412,000. Harbor Capital Advisors Inc. grew its position in shares of Laureate Education by 207.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 824,985 shares of the company’s stock valued at $13,703,000 after acquiring an additional 556,573 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Laureate Education during the 3rd quarter valued at about $6,757,000. Finally, Barclays PLC grew its position in shares of Laureate Education by 298.8% during the 3rd quarter. Barclays PLC now owns 230,098 shares of the company’s stock valued at $3,823,000 after acquiring an additional 172,405 shares during the period. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

About Laureate Education

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.