Amundi Trims Stake in Laureate Education, Inc. (NASDAQ:LAUR)

Amundi decreased its holdings in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 259,168 shares of the company's stock after selling 141,297 shares during the quarter. Amundi owned 0.17% of Laureate Education worth $4,841,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LAUR. Asset Management One Co. Ltd. grew its stake in shares of Laureate Education by 21.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 76,317 shares of the company's stock worth $1,390,000 after acquiring an additional 13,540 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Laureate Education by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,145,552 shares of the company's stock worth $35,638,000 after purchasing an additional 80,570 shares in the last quarter. Burney Co. acquired a new position in Laureate Education during the 4th quarter worth $666,000. KBC Group NV increased its holdings in Laureate Education by 48.4% during the 4th quarter. KBC Group NV now owns 6,049 shares of the company's stock worth $111,000 after purchasing an additional 1,974 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Laureate Education in the 4th quarter valued at about $310,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Laureate Education Stock Up 1.5 %

Shares of LAUR stock traded up $0.30 on Wednesday, reaching $19.60. 371,635 shares of the stock were exchanged, compared to its average volume of 712,820. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 10.10 and a beta of 0.80. The business's 50 day moving average price is $19.28 and its 200 day moving average price is $17.95. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. Laureate Education, Inc. has a twelve month low of $13.26 and a twelve month high of $21.73.

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Laureate Education (NASDAQ:LAUR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.20. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. The company had revenue of $423.40 million during the quarter, compared to the consensus estimate of $411.50 million. As a group, sell-side analysts expect that Laureate Education, Inc. will post 1.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, BMO Capital Markets boosted their price objective on Laureate Education from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, February 24th.

Insider Activity at Laureate Education

In other Laureate Education news, Director Ian Kendell Snow sold 520,831 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $17.47, for a total transaction of $9,098,917.57. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.32% of the stock is currently owned by corporate insiders.

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.