Geode Capital Management LLC Cuts Position in Laureate Education, Inc. (NASDAQ:LAUR)

Geode Capital Management LLC reduced its stake in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,123,231 shares of the company's stock after selling 62,116 shares during the quarter. Geode Capital Management LLC owned approximately 2.07% of Laureate Education worth $57,137,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LAUR. O Shaughnessy Asset Management LLC acquired a new stake in Laureate Education during the fourth quarter worth about $571,000. Brandywine Global Investment Management LLC purchased a new stake in shares of Laureate Education during the 4th quarter valued at approximately $9,353,000. Arrowstreet Capital Limited Partnership acquired a new position in Laureate Education in the fourth quarter valued at approximately $763,000. Pictet Asset Management Holding SA increased its stake in Laureate Education by 30.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 20,757 shares of the company's stock worth $380,000 after acquiring an additional 4,787 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in Laureate Education in the 4th quarter valued at about $216,000. 96.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Laureate Education

In related news, Director Ian Kendell Snow sold 520,831 shares of Laureate Education 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 filing with the SEC, which is available through the SEC website. Company insiders own 2.32% of the company's stock.

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Laureate Education Stock Up 0.5 %

Shares of Laureate Education stock traded up $0.10 during trading hours on Tuesday, reaching $19.37. 620,945 shares of the company were exchanged, compared to its average volume of 754,910. Laureate Education, Inc. has a 1 year low of $13.26 and a 1 year high of $21.73. The firm has a market cap of $2.92 billion, a PE ratio of 9.98 and a beta of 0.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. The stock's fifty day moving average is $19.65 and its 200 day moving average is $18.49.

Laureate Education (NASDAQ:LAUR - Get Free Report) last issued 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 net margin of 18.92% and a return on equity of 32.35%. The company had revenue of $423.40 million during the quarter, compared to the consensus estimate of $411.50 million. As a group, equities research analysts forecast that Laureate Education, Inc. will post 1.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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.

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.