Laureate Education, Inc. (NASDAQ:LAUR) Position Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 35.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 597,035 shares of the company's stock after selling 331,948 shares during the period. JPMorgan Chase & Co. owned about 0.40% of Laureate Education worth $10,920,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LAUR. State Street Corp increased its stake in Laureate Education by 2.2% during the 3rd quarter. State Street Corp now owns 3,116,661 shares of the company's stock worth $51,768,000 after buying an additional 68,122 shares during the period. XTX Topco Ltd acquired a new position in shares of Laureate Education in the third quarter worth about $296,000. Barclays PLC boosted its holdings in Laureate Education by 298.8% in the third quarter. Barclays PLC now owns 230,098 shares of the company's stock valued at $3,823,000 after purchasing an additional 172,405 shares during the last quarter. Geode Capital Management LLC grew its stake in Laureate Education by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,185,347 shares of the company's stock valued at $52,918,000 after purchasing an additional 10,447 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Laureate Education by 22.2% during the 4th quarter. Nordea Investment Management AB now owns 39,441 shares of the company's stock worth $721,000 after purchasing an additional 7,156 shares during the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Laureate Education Stock Performance

LAUR stock traded down $0.21 during trading on Friday, hitting $19.14. 618,306 shares of the company's stock traded hands, compared to its average volume of 755,193. The stock has a fifty day moving average price of $19.61 and a two-hundred day moving average price of $18.56. 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 52 week low of $13.26 and a 52 week high of $21.73. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 9.87 and a beta of 0.43.

Laureate Education (NASDAQ:LAUR - Get Free Report) last released 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. Laureate Education had a net margin of 18.92% and a return on equity of 32.35%. The firm had revenue of $423.40 million for the quarter, compared to analyst estimates of $411.50 million. As a group, equities analysts anticipate that Laureate Education, Inc. will post 1.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other 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 transaction of $9,098,917.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.32% of the stock is 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.