First Trust Advisors LP Sells 131,756 Shares of Laureate Education Inc (LAUR)
First Trust Advisors LP trimmed its stake in Laureate Education Inc (NASDAQ:LAUR) by 83.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,293 shares of the company’s stock after selling 131,756 shares during the quarter. First Trust Advisors LP owned approximately 0.07% of Laureate Education worth $383,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Legal & General Group Plc grew its holdings in shares of Laureate Education by 61.2% in the 2nd quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock worth $150,000 after acquiring an additional 3,240 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Laureate Education in the 2nd quarter worth $122,000. First Mercantile Trust Co. acquired a new position in shares of Laureate Education in the 2nd quarter worth $150,000. Nationwide Fund Advisors grew its holdings in shares of Laureate Education by 91.2% in the 2nd quarter. Nationwide Fund Advisors now owns 19,600 shares of the company’s stock worth $344,000 after acquiring an additional 9,349 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Laureate Education by 12.3% in the 2nd quarter. Wells Fargo & Company MN now owns 86,551 shares of the company’s stock worth $1,517,000 after acquiring an additional 9,477 shares during the last quarter. Institutional investors and hedge funds own 28.39% of the company’s stock.
Laureate Education Inc (NASDAQ LAUR) opened at $12.94 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.94. Laureate Education Inc has a 52 week low of $10.46 and a 52 week high of $18.96.
Laureate Education (NASDAQ:LAUR) last issued its earnings results on Wednesday, November 8th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.41). Laureate Education had a negative net margin of 1.47% and a negative return on equity of 2.66%. The firm had revenue of $983.40 million during the quarter, compared to analysts’ expectations of $972.59 million. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. research analysts anticipate that Laureate Education Inc will post -1.58 EPS for the current year.
LAUR has been the topic of a number of research analyst reports. ValuEngine upgraded Laureate Education from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Piper Jaffray Companies reiterated a “buy” rating and set a $17.00 price target on shares of Laureate Education in a report on Tuesday, August 29th. BMO Capital Markets lowered their price target on Laureate Education from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, November 9th. Stifel Nicolaus reiterated a “buy” rating and set a $18.00 price target (down previously from $21.00) on shares of Laureate Education in a report on Thursday, November 9th. Finally, Credit Suisse Group lowered their price target on Laureate Education from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, November 9th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $16.82.
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Laureate Education Company 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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