Deutsche Bank AG Reduces Position in Laureate Education, Inc. (NASDAQ:LAUR)

Deutsche Bank AG lessened its position in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 40.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 814,775 shares of the company’s stock after selling 554,196 shares during the quarter. Deutsche Bank AG owned about 0.54% of Laureate Education worth $14,902,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its position in Laureate Education by 21.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 76,317 shares of the company’s stock worth $1,390,000 after acquiring an additional 13,540 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Laureate Education by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,181,073 shares of the company’s stock worth $39,892,000 after acquiring an additional 35,521 shares during the period. Burney Co. acquired a new stake in Laureate Education during the 4th quarter worth approximately $666,000. Raymond James Financial Inc. acquired a new stake in Laureate Education during the 4th quarter worth approximately $408,000. Finally, KBC Group NV lifted its position in Laureate Education by 48.4% during the 4th quarter. KBC Group NV now owns 6,049 shares of the company’s stock worth $111,000 after acquiring an additional 1,974 shares during the period. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Insider Activity

In other news, Director Ian Kendell Snow sold 520,831 shares of Laureate Education 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.

Laureate Education Stock Performance

Shares of LAUR stock opened at $22.64 on Friday. The stock has a fifty day moving average price of $20.16 and a 200 day moving average price of $19.28. The stock has a market cap of $3.41 billion, a PE ratio of 11.67 and a beta of 0.59. Laureate Education, Inc. has a 1 year low of $13.60 and a 1 year high of $23.61. 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 (NASDAQ:LAUR) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. The company had revenue of $423.40 million during the quarter, compared to analysts’ expectations of $411.50 million. Sell-side analysts forecast that Laureate Education, Inc. will post 1.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, BMO Capital Markets raised their price target on Laureate Education from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, May 5th.

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.