Laureate Education Inc. (LAUR) Downgraded to Sell at Zacks Investment Research
Zacks Investment Research downgraded shares of Laureate Education Inc. (NASDAQ:LAUR) from a hold rating to a sell rating in a report published on Wednesday morning.
According to Zacks, “Laureate Education, Inc. is a degree-granting higher education institutions. The company offers high-quality undergraduate, graduate and specialized programs. Laureate Education, Inc. is headquartered in Baltimore, Maryland. “
A number of other brokerages also recently weighed in on LAUR. Piper Jaffray Companies reiterated a buy rating and set a $19.00 price target on shares of Laureate Education in a report on Friday, July 21st. Stifel Nicolaus restated a buy rating and issued a $21.00 target price (up from $20.00) on shares of Laureate Education in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $17.28.
Shares of Laureate Education (LAUR) opened at $13.25 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 2.33. Laureate Education has a 1-year low of $12.12 and a 1-year high of $18.96.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.25). The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Laureate Education’s quarterly revenue was up 3.7% compared to the same quarter last year. analysts anticipate that Laureate Education will post -0.94 earnings per share for the current fiscal year.
In related news, CEO Richard J. Patro sold 16,383 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $15.21, for a total value of $249,185.43. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Ricardo M. Berckemeyer sold 47,983 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $14.29, for a total transaction of $685,677.07. The disclosure for this sale can be found here. Company insiders own 13.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in LAUR. Quantbot Technologies LP bought a new position in Laureate Education in the 2nd quarter valued at about $122,000. Nationwide Fund Advisors bought a new position in Laureate Education in the 1st quarter valued at about $146,000. Stifel Financial Corp bought a new position in Laureate Education in the 1st quarter valued at about $147,000. First Mercantile Trust Co. bought a new position in Laureate Education in the 2nd quarter valued at about $150,000. Finally, Legal & General Group Plc lifted its position in Laureate Education by 61.2% in the 2nd quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock valued at $150,000 after acquiring an additional 3,240 shares in the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.
About Laureate Education
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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