Laureate Education, Inc. (NASDAQ:LAUR) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 27.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 928,983 shares of the company's stock after selling 353,641 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.62% of Laureate Education worth $15,430,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LAUR. Van ECK Associates Corp boosted its position in Laureate Education by 51.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,259 shares of the company's stock valued at $36,000 after purchasing an additional 763 shares during the period. Quarry LP acquired a new position in shares of Laureate Education during the second quarter valued at $50,000. KBC Group NV grew its position in shares of Laureate Education by 62.3% during the third quarter. KBC Group NV now owns 4,075 shares of the company's stock worth $68,000 after acquiring an additional 1,564 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Laureate Education in the 3rd quarter worth about $95,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Laureate Education in the 3rd quarter worth about $147,000. Institutional investors own 96.27% of the company's stock.

Laureate Education Stock Performance

LAUR stock traded down $0.64 during trading on Friday, reaching $18.04. 529,070 shares of the company's stock were exchanged, compared to its average volume of 466,762. Laureate Education, Inc. has a 1-year low of $12.45 and a 1-year high of $19.98. The firm has a market cap of $2.72 billion, a PE ratio of 11.42 and a beta of 0.83. The company's fifty day moving average price is $18.58 and its 200-day moving average price is $16.49. 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 (NASDAQ:LAUR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.40. The business had revenue of $368.60 million during the quarter, compared to the consensus estimate of $361.80 million. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, research analysts expect that Laureate Education, Inc. will post 1.42 EPS for the current fiscal year.

Insider Activity

In other news, Director Corro Pedro Del sold 25,000 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $19.58, for a total value of $489,500.00. Following the completion of the sale, the director now owns 29,686 shares in the company, valued at $581,251.88. This represents a 45.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.32% of the company's stock.

Analyst Ratings Changes

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

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.