Fourth Sail Capital LP Sells 650,589 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Fourth Sail Capital LP lowered its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 30.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,520,138 shares of the company's stock after selling 650,589 shares during the quarter. Laureate Education comprises approximately 6.3% of Fourth Sail Capital LP's investment portfolio, making the stock its 3rd biggest position. Fourth Sail Capital LP owned about 1.00% of Laureate Education worth $25,249,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Laureate Education by 24.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,889 shares of the company's stock valued at $57,000 after buying an additional 764 shares during the period. SG Americas Securities LLC acquired a new stake in Laureate Education in the first quarter valued at approximately $151,000. ProShare Advisors LLC raised its holdings in Laureate Education by 8.5% during the first quarter. ProShare Advisors LLC now owns 23,554 shares of the company's stock worth $343,000 after buying an additional 1,853 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Laureate Education by 9.0% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,918 shares of the company's stock valued at $380,000 after acquiring an additional 2,130 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Laureate Education by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 14,231,273 shares of the company's stock worth $207,350,000 after purchasing an additional 136,865 shares in the last quarter. Institutional investors own 96.27% of the company's stock.

Laureate Education Stock Performance

Laureate Education stock traded up $0.16 during midday trading on Monday, reaching $18.67. 570,725 shares of the company traded hands, compared to its average volume of 734,657. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63. Laureate Education, Inc. has a 12 month low of $12.45 and a 12 month high of $19.12. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 11.72 and a beta of 0.82. The business has a 50 day moving average of $16.40 and a two-hundred day moving average of $15.55.

Laureate Education (NASDAQ:LAUR - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.40. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The company had revenue of $368.60 million for the quarter, compared to the consensus estimate of $361.80 million. During the same period in the previous year, the firm posted $0.23 EPS. Laureate Education's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts predict that Laureate Education, Inc. will post 1.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on LAUR. BMO Capital Markets lifted their target price on shares of Laureate Education from $17.00 to $20.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Morgan Stanley lowered Laureate Education from an "overweight" rating to an "equal weight" rating and set a $17.00 target price for the company. in a report on Friday, July 26th.

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.