Fmr LLC Sells 392,189 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Fmr LLC reduced its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,881,865 shares of the company’s stock after selling 392,189 shares during the period. Fmr LLC owned about 15.19% of Laureate Education worth $380,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LAUR. nVerses Capital LLC purchased a new stake in shares of Laureate Education in the 2nd quarter valued at $25,000. Van ECK Associates Corp boosted its position in Laureate Education by 51.0% during the third quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock valued at $36,000 after buying an additional 763 shares during the period. Quarry LP bought a new position in shares of Laureate Education during the second quarter valued at about $50,000. KBC Group NV increased its holdings in shares of 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 buying an additional 1,564 shares during the period. Finally, New York State Teachers Retirement System purchased a new position in shares of Laureate Education in the third quarter worth about $95,000. 96.27% of the stock is currently owned by institutional investors.

Laureate Education Price Performance

Shares of Laureate Education stock opened at $19.00 on Friday. The company’s fifty day simple moving average is $17.02 and its two-hundred day simple moving average is $15.79. Laureate Education, Inc. has a 12-month low of $12.45 and a 12-month high of $19.98. The firm has a market cap of $2.86 billion, a PE ratio of 12.03 and a beta of 0.82. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15.

Laureate Education (NASDAQ:LAUR) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.40. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. The business had revenue of $368.60 million during the quarter, compared to analyst estimates of $361.80 million. During the same quarter in the prior year, the company posted $0.23 EPS. Laureate Education’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts expect that Laureate Education, Inc. will post 1.42 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets raised their price target on Laureate Education from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st.

Insider Buying and Selling

In related news, Director Corro Pedro Del sold 25,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.58, for a total value of $489,500.00. Following the completion of the transaction, the director now directly owns 29,686 shares of the company’s stock, valued at $581,251.88. This represents a 45.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.32% of the stock is currently owned by insiders.

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.