First Sabrepoint Capital Management LP Cuts Stock Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

First Sabrepoint Capital Management LP decreased its position in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 19.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,000,000 shares of the company's stock after selling 249,000 shares during the quarter. Laureate Education makes up 4.8% of First Sabrepoint Capital Management LP's holdings, making the stock its 4th largest holding. First Sabrepoint Capital Management LP owned 0.66% of Laureate Education worth $16,610,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Laureate Education during the second quarter valued at approximately $25,000. Van ECK Associates Corp increased its holdings in Laureate Education by 51.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,259 shares of the company's stock valued at $36,000 after acquiring an additional 763 shares during the last quarter. Quarry LP purchased a new stake in Laureate Education in the 2nd quarter worth $50,000. KBC Group NV lifted its stake 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 purchasing an additional 1,564 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Laureate Education during the 3rd quarter valued at about $95,000. Institutional investors own 96.27% of the company's stock.

Insider Buying and Selling

In other Laureate Education 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 completion of the transaction, the director now owns 29,686 shares in the company, valued at $581,251.88. The trade was a 45.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.32% of the stock is owned by corporate insiders.

Laureate Education Price Performance

Laureate Education stock traded up $0.31 during mid-day trading on Tuesday, reaching $18.70. 304,242 shares of the company's stock traded hands, compared to its average volume of 727,720. Laureate Education, Inc. has a 12-month low of $12.45 and a 12-month high of $19.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $17.27 and a two-hundred day moving average of $15.89. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 11.64 and a beta of 0.82.

Laureate Education (NASDAQ:LAUR - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.40. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The firm had revenue of $368.60 million during the quarter, compared to the consensus estimate of $361.80 million. During the same quarter 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. Equities analysts forecast that Laureate Education, Inc. will post 1.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets boosted their target price 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.