Assenagon Asset Management S.A. Sells 276,434 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Assenagon Asset Management S.A. lowered its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 76.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,658 shares of the company's stock after selling 276,434 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.05% of Laureate Education worth $1,406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LAUR. Swedbank AB grew its holdings in Laureate Education by 225.8% during the 3rd quarter. Swedbank AB now owns 2,513,300 shares of the company's stock valued at $41,746,000 after buying an additional 1,741,800 shares in the last quarter. First Pacific Advisors LP grew its stake in Laureate Education by 32.5% during the first quarter. First Pacific Advisors LP now owns 813,781 shares of the company's stock valued at $11,857,000 after acquiring an additional 199,423 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Laureate Education by 218.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 268,412 shares of the company's stock valued at $4,010,000 after acquiring an additional 184,139 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake 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 worth $103,860,000 after purchasing an additional 151,397 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Laureate Education by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 14,231,273 shares of the company's stock valued at $207,350,000 after purchasing an additional 136,865 shares during the last quarter. Institutional investors own 96.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. BMO Capital Markets boosted their target price on Laureate Education from $17.00 to $20.00 and gave the stock an "outperform" rating in a research report on Friday. Morgan Stanley cut Laureate Education from an "overweight" rating to an "equal weight" rating and set a $17.00 price objective on the stock. in a report on Friday, July 26th.

Laureate Education Price Performance

Shares of Laureate Education stock traded down $0.28 during trading hours on Friday, reaching $16.90. The company's stock had a trading volume of 591,529 shares, compared to its average volume of 501,771. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.76 and a quick ratio of 0.76. Laureate Education, Inc. has a one year low of $12.45 and a one year high of $18.39. The firm has a 50 day moving average price of $15.78 and a 200-day moving average price of $15.27. The stock has a market cap of $2.58 billion, a P/E ratio of 10.70 and a beta of 0.81.

Laureate Education (NASDAQ:LAUR - Get Free Report) last issued 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 company had revenue of $368.60 million for the quarter, compared to analysts' expectations of $361.80 million. Laureate Education had a return on equity of 26.87% and a net margin of 15.76%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, analysts predict that Laureate Education, Inc. will post 1.41 EPS for the current year.

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.