Fmr LLC Sells 279,126 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

FMR LLC reduced its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,602,739 shares of the company's stock after selling 279,126 shares during the quarter. FMR LLC owned approximately 15.00% of Laureate Education worth $413,404,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of LAUR. J.Safra Asset Management Corp lifted its stake in Laureate Education by 34.4% in the fourth quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company's stock valued at $61,000 after acquiring an additional 866 shares during the last quarter. KBC Group NV lifted its stake in shares of Laureate Education by 48.4% in the 4th quarter. KBC Group NV now owns 6,049 shares of the company's stock valued at $111,000 after purchasing an additional 1,974 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Laureate Education by 10.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company's stock worth $128,000 after purchasing an additional 673 shares in the last quarter. Nomura Asset Management Co. Ltd. acquired a new position in Laureate Education during the fourth quarter worth $216,000. Finally, New York State Teachers Retirement System raised its holdings in Laureate Education by 112.8% during the fourth quarter. New York State Teachers Retirement System now owns 12,180 shares of the company's stock valued at $223,000 after buying an additional 6,455 shares in the last quarter. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

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Laureate Education Stock Performance

Laureate Education stock traded up $0.21 on Tuesday, reaching $19.48. 183,456 shares of the stock were exchanged, compared to its average volume of 792,199. 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. The firm has a fifty day moving average price of $19.65 and a two-hundred day moving average price of $18.49. The stock has a market cap of $2.94 billion, a PE ratio of 10.04 and a beta of 0.43.

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Laureate Education

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

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.