Connor Clark & Lunn Investment Management Ltd. Has $1.02 Million Stock Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 36.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,312 shares of the company's stock after selling 34,805 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Laureate Education were worth $1,018,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LAUR. Segall Bryant & Hamill LLC raised its position in shares of Laureate Education by 1.5% in the third quarter. Segall Bryant & Hamill LLC now owns 304,206 shares of the company's stock valued at $5,053,000 after purchasing an additional 4,368 shares during the period. KBC Group NV raised 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 worth $68,000 after acquiring an additional 1,564 shares during the period. Plato Investment Management Ltd acquired a new position in Laureate Education during the 3rd quarter worth $147,000. Victory Capital Management Inc. boosted its holdings in Laureate Education by 32.3% during the third quarter. Victory Capital Management Inc. now owns 92,133 shares of the company's stock valued at $1,530,000 after acquiring an additional 22,470 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its position in shares of Laureate Education by 9.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 129,815 shares of the company's stock valued at $2,156,000 after purchasing an additional 11,202 shares during the last quarter. Institutional investors own 96.27% of the company's stock.

Insider Buying and Selling at Laureate Education

In other news, Director Corro Pedro Del sold 25,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $19.58, for a total transaction of $489,500.00. Following the sale, 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 SEC, which is accessible through the SEC website. Insiders own 2.32% of the company's stock.

Laureate Education Stock Performance

NASDAQ:LAUR traded down $0.20 during trading hours on Thursday, hitting $18.93. 567,208 shares of the company traded hands, compared to its average volume of 733,254. 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 $12.45 and a twelve month high of $19.98. The firm has a 50-day moving average of $16.94 and a 200 day moving average of $15.75. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 11.98 and a beta of 0.82.

Laureate Education (NASDAQ:LAUR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.40. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The company had revenue of $368.60 million for the quarter, compared to the consensus estimate of $361.80 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The business's revenue was up 2.0% compared to the same quarter last year. On average, analysts forecast that Laureate Education, Inc. will post 1.42 EPS for the current year.

Analyst Ratings Changes

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

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.