California State Teachers Retirement System Has $1.10 Million Stake in Laureate Education Inc. (LAUR)
California State Teachers Retirement System decreased its position in shares of Laureate Education Inc. (NASDAQ:LAUR) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,989 shares of the company’s stock after selling 6,811 shares during the quarter. California State Teachers Retirement System’s holdings in Laureate Education were worth $1,104,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc lifted its position in shares of Laureate Education by 61.2% during the 2nd quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock valued at $150,000 after buying an additional 3,240 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Laureate Education during the 2nd quarter valued at approximately $122,000. First Mercantile Trust Co. purchased a new position in shares of Laureate Education during the 2nd quarter valued at approximately $150,000. Nationwide Fund Advisors lifted its position in shares of Laureate Education by 91.2% during the 2nd quarter. Nationwide Fund Advisors now owns 19,600 shares of the company’s stock valued at $344,000 after buying an additional 9,349 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Laureate Education by 12.3% during the 2nd quarter. Wells Fargo & Company MN now owns 86,551 shares of the company’s stock valued at $1,517,000 after buying an additional 9,477 shares in the last quarter. 23.90% of the stock is currently owned by institutional investors and hedge funds.
Laureate Education Inc. (LAUR) opened at $12.02 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.82 and a quick ratio of 0.82. Laureate Education Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $18.96.
Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.41). The firm had revenue of $983.40 million during the quarter, compared to analysts’ expectations of $972.59 million. Laureate Education had a negative net margin of 1.47% and a negative return on equity of 2.66%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. equities analysts predict that Laureate Education Inc. will post -1.58 EPS for the current year.
A number of research analysts have recently issued reports on the company. Barclays PLC decreased their target price on Laureate Education from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Monday, November 20th. Morgan Stanley set a $18.00 target price on Laureate Education and gave the company a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research upgraded Laureate Education from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Piper Jaffray Companies reiterated a “buy” rating and set a $16.50 target price on shares of Laureate Education in a research report on Friday, November 10th. Finally, ValuEngine lowered Laureate Education from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. Laureate Education presently has a consensus rating of “Buy” and a consensus target price of $16.82.
In other Laureate Education news, COO Ricardo M. Berckemeyer sold 47,983 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $14.29, for a total value of $685,677.07. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 13.10% of the company’s stock.
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Laureate Education Profile
Laureate Education, Inc provides higher education programs and services to students through an international network of licensed universities and higher education institutions (institutions). The Company’s programs are provided through institutions that are campus-based and Internet-based, or through electronically distributed educational programs (online).
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