Zacks Investment Research Downgrades Laureate Education (LAUR) to Sell

Zacks Investment Research downgraded shares of Laureate Education (NASDAQ:LAUR) from a hold rating to a sell rating in a research note released on Tuesday morning, Zacks.com reports.

According to Zacks, “Laureate Education, Inc. is a degree-granting higher education institutions. The company offers high-quality undergraduate, graduate and specialized programs. Laureate Education, Inc. is headquartered in Baltimore, Maryland. “

Separately, TheStreet upgraded Laureate Education from a d- rating to a c rating in a research report on Thursday, January 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $18.30.

Shares of NASDAQ LAUR opened at $16.39 on Tuesday. The company has a market capitalization of $3.68 billion, a P/E ratio of -546.33, a P/E/G ratio of 3.11 and a beta of 0.43. Laureate Education has a 12-month low of $13.58 and a 12-month high of $17.15. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.02.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $1.45. The business had revenue of $621.80 million for the quarter, compared to the consensus estimate of $609.98 million. Laureate Education had a return on equity of 4.87% and a net margin of 11.00%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. On average, research analysts forecast that Laureate Education will post 0.44 earnings per share for the current year.

In other news, COO Ricardo M. Berckemeyer sold 6,627 shares of Laureate Education stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $15.00, for a total transaction of $99,405.00. Following the transaction, the chief operating officer now directly owns 68,921 shares in the company, valued at approximately $1,033,815. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jose Roberto Loureiro sold 28,140 shares of Laureate Education stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $15.02, for a total value of $422,662.80. Following the transaction, the chief executive officer now owns 12,555 shares in the company, valued at $188,576.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,667 shares of company stock worth $627,224. 2.97% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of LAUR. Federated Investors Inc. PA acquired a new position in shares of Laureate Education during the 1st quarter valued at $25,000. Public Employees Retirement System of Ohio grew its holdings in shares of Laureate Education by 45.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,352 shares of the company’s stock worth $36,000 after acquiring an additional 735 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Laureate Education by 73.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,061 shares of the company’s stock worth $123,000 after acquiring an additional 3,413 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of Laureate Education in the 4th quarter worth $159,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Laureate Education in the 4th quarter worth $163,000. Institutional investors own 43.24% of the company’s stock.

About Laureate Education

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It operates through five segments: Brazil, Mexico, Andean, Rest of World, and Online & Partnerships. The company offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.

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