Laureate Education, Inc. (NASDAQ:LAUR) Director Sells $9,098,917.57 in Stock

Laureate Education, Inc. (NASDAQ:LAUR - Get Free Report) Director Ian Kendell Snow sold 520,831 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $17.47, for a total transaction of $9,098,917.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Laureate Education Stock Performance

NASDAQ LAUR traded down $0.09 during trading hours on Friday, reaching $19.31. 1,873,546 shares of the company were exchanged, compared to its average volume of 705,884. The stock has a market capitalization of $2.91 billion, a P/E ratio of 9.95 and a beta of 0.80. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15. Laureate Education, Inc. has a 1 year low of $13.26 and a 1 year high of $21.73. The business's 50 day simple moving average is $19.31 and its 200-day simple moving average is $17.98.

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 the consensus estimate 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 analyst estimates of $411.50 million. On average, equities research analysts expect that Laureate Education, Inc. will post 1.51 earnings per share for the current year.

Remove Ads

Institutional Trading of Laureate Education

Hedge funds have recently made changes to their positions in the company. J.Safra Asset Management Corp raised its stake in Laureate Education by 34.4% in the 4th 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 period. KBC Group NV raised its position in shares of Laureate Education by 62.3% in the third quarter. KBC Group NV now owns 4,075 shares of the company's stock valued at $68,000 after purchasing an additional 1,564 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Laureate Education by 10.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company's stock valued at $128,000 after purchasing an additional 673 shares during the period. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Laureate Education during the 4th quarter valued at approximately $216,000. Finally, New York State Teachers Retirement System boosted its holdings in Laureate Education by 112.8% in the 4th quarter. New York State Teachers Retirement System now owns 12,180 shares of the company's stock worth $223,000 after buying an additional 6,455 shares during the period. 96.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.