Laureate Education, Inc. (NASDAQ:LAUR) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,218,537 shares of the company's stock after selling 360,784 shares during the period. Wellington Management Group LLP owned approximately 3.46% of Laureate Education worth $86,680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LAUR. Van Berkom & Associates Inc. boosted its position in Laureate Education by 2.2% in the 2nd quarter. Van Berkom & Associates Inc. now owns 6,951,804 shares of the company's stock valued at $103,860,000 after buying an additional 151,397 shares during the last quarter. State Street Corp boosted 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 valued at $51,768,000 after acquiring an additional 68,122 shares during the last quarter. Engine Capital Management LP raised its stake in shares of Laureate Education by 3.7% in the 2nd quarter. Engine Capital Management LP now owns 2,927,487 shares of the company's stock valued at $43,737,000 after purchasing an additional 104,232 shares in the last quarter. Swedbank AB lifted its position in shares of Laureate Education by 225.8% during the third quarter. Swedbank AB now owns 2,513,300 shares of the company's stock worth $41,746,000 after purchasing an additional 1,741,800 shares during the last quarter. Finally, Fourth Sail Capital LP grew its stake in Laureate Education by 2.3% in the second quarter. Fourth Sail Capital LP now owns 2,170,727 shares of the company's stock worth $32,431,000 after purchasing an additional 48,635 shares in the last quarter. Hedge funds and other institutional investors own 96.27% of the company's stock.

Insider Activity at Laureate Education

In other Laureate Education news, Director Corro Pedro Del sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $19.58, for a total value of $489,500.00. Following the sale, the director now owns 29,686 shares in the company, valued at approximately $581,251.88. This trade represents a 45.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.32% of the company's stock.

Laureate Education Stock Performance

LAUR stock traded up $0.56 during trading on Wednesday, hitting $19.28. 753,413 shares of the company's stock traded hands, compared to its average volume of 729,058. The stock has a fifty day moving average price of $17.32 and a two-hundred day moving average price of $15.91. 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 $12.45 and a 52 week high of $19.98. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 11.85 and a beta of 0.82.

Laureate Education (NASDAQ:LAUR - Get Free Report) last released 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. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The firm had revenue of $368.60 million for the quarter, compared to analyst estimates of $361.80 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. Laureate Education's quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities analysts anticipate that Laureate Education, Inc. will post 1.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets increased their target price on Laureate Education from $17.00 to $20.00 and gave the stock an "outperform" rating in a report on Friday, November 1st.

Laureate Education 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.