Laureate Education, Inc. (NASDAQ:LAUR) Director Sells $9,098,917.57 in Stock

Laureate Education, Inc. (NASDAQ:LAUR) Director Ian Kendell Snow sold 520,831 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $17.47, for a total value of $9,098,917.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Laureate Education Stock Up 1.7 %

Shares of NASDAQ:LAUR opened at $19.62 on Thursday. The company has a market cap of $2.96 billion, a PE ratio of 10.11 and a beta of 0.80. The firm has a 50 day simple moving average of $19.29 and a 200 day simple moving average of $17.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. Laureate Education, Inc. has a 52 week low of $13.26 and a 52 week high of $21.73.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.20. The business had revenue of $423.40 million during the quarter, compared to analyst estimates of $411.50 million. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. As a group, research analysts expect that Laureate Education, Inc. will post 1.51 earnings per share for the current year.

Hedge Funds Weigh In On Laureate Education

Institutional investors have recently made changes to their positions in the business. J.Safra Asset Management Corp raised its stake in shares of Laureate Education by 34.4% in the fourth quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company’s stock valued at $61,000 after purchasing an additional 866 shares in the last quarter. KBC Group NV boosted its stake in Laureate Education by 62.3% in the third quarter. KBC Group NV now owns 4,075 shares of the company’s stock worth $68,000 after purchasing an additional 1,564 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Laureate Education by 10.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company’s stock worth $128,000 after buying an additional 673 shares in the last quarter. Nomura Asset Management Co. Ltd. bought a new position in shares of Laureate Education in the fourth quarter worth about $216,000. Finally, New York State Teachers Retirement System lifted its holdings in Laureate Education by 112.8% during the 4th quarter. New York State Teachers Retirement System now owns 12,180 shares of the company’s stock worth $223,000 after buying an additional 6,455 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets boosted their target price on shares of Laureate Education from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, February 24th.

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.