Laureate Education, Inc. (NASDAQ:LAUR) Shares Sold by Fmr LLC

FMR LLC trimmed its position in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,881,865 shares of the company's stock after selling 392,189 shares during the quarter. FMR LLC owned approximately 15.19% of Laureate Education worth $380,068,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Swedbank AB raised its holdings in Laureate Education by 225.8% during the third quarter. Swedbank AB now owns 2,513,300 shares of the company's stock worth $41,746,000 after purchasing an additional 1,741,800 shares in the last quarter. Cape Ann Asset Management Ltd acquired a new stake in Laureate Education during the 3rd quarter worth $17,412,000. Harbor Capital Advisors Inc. raised its stake in Laureate Education by 207.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 824,985 shares of the company's stock worth $13,703,000 after acquiring an additional 556,573 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in Laureate Education by 2.2% in the second quarter. Van Berkom & Associates Inc. now owns 6,951,804 shares of the company's stock valued at $103,860,000 after acquiring an additional 151,397 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Laureate Education by 56.7% in the second quarter. Renaissance Technologies LLC now owns 330,400 shares of the company's stock valued at $4,936,000 after acquiring an additional 119,600 shares in the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Corro Pedro Del sold 25,000 shares of the stock in a transaction dated Monday, November 25th. The shares were 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 directly owns 29,686 shares of the company's stock, valued at $581,251.88. This represents a 45.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.32% of the stock is owned by insiders.

Laureate Education Stock Performance

Shares of Laureate Education stock traded up $0.07 during trading on Friday, reaching $19.00. The company's stock had a trading volume of 334,375 shares, compared to its average volume of 730,238. The firm has a market cap of $2.86 billion, a PE ratio of 12.03 and a beta of 0.82. The company has a 50-day moving average price of $17.02 and a two-hundred day moving average price of $15.79. 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 fifty-two week low of $12.45 and a fifty-two week high of $19.98.

Laureate Education (NASDAQ:LAUR - Get Free Report) last announced its 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 business had revenue of $368.60 million during the quarter, compared to analysts' expectations of $361.80 million. During the same period in the prior year, the company earned $0.23 earnings per share. 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.

Laureate Education 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.