Laureate Education Inc. (LAUR) Stake Held by 12 WEST CAPITAL MANAGEMENT LP Total Shares: 2,304,910
12 WEST CAPITAL MANAGEMENT LP
disclosed that they own a 6.5% stake in Laureate Education Inc. (NASDAQ:LAUR) in a Form 13G disclosure that was filed with the Securities and Exchange Commission on Monday, September 25th. The investor owns 2,304,910 shares of the stock worth about $33,213,753. The disclosure is available through Edgar at this link.
Several other hedge funds and other institutional investors also recently modified their holdings of LAUR. Quantbot Technologies LP purchased a new stake in shares of Laureate Education in the second quarter worth about $122,000. Nationwide Fund Advisors purchased a new stake in shares of Laureate Education in the first quarter worth about $146,000. Stifel Financial Corp purchased a new stake in shares of Laureate Education in the first quarter worth about $147,000. Strs Ohio purchased a new stake in shares of Laureate Education in the first quarter worth about $148,000. Finally, First Mercantile Trust Co. purchased a new stake in shares of Laureate Education in the second quarter worth about $150,000. 20.81% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on LAUR shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $17.00 target price on shares of Laureate Education in a research report on Tuesday, August 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $21.00 target price (up previously from $20.00) on shares of Laureate Education in a research report on Friday, July 7th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Laureate Education currently has an average rating of “Buy” and a consensus target price of $17.10.
Shares of Laureate Education Inc. (LAUR) traded down 2.43% on Monday, reaching $14.06. The company had a trading volume of 705,254 shares. The company has a 50-day moving average price of $14.68 and a 200-day moving average price of $14.68. The firm has a market capitalization of $2.37 billion and a PE ratio of 226.77. Laureate Education Inc. has a 52-week low of $12.12 and a 52-week high of $15.20.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.25). The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.24 billion. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts forecast that Laureate Education Inc. will post ($0.82) EPS for the current fiscal year.
In other news, CEO Richard J. Patro sold 16,383 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $15.21, for a total value of $249,185.43. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Ricardo M. Berckemeyer sold 47,983 shares of Laureate Education stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $14.29, for a total value of $685,677.07. The disclosure for this sale can be found here. Company insiders own 13.10% of the company’s stock.
Laureate Education Company Profile
Laureate Education, Inc operates a network of degree-granting higher education institution. The Company operates in four segments: Latin America (LatAm); Europe; Asia, Middle East and Africa (AMEA), and Global Products and Services (GPS). The Company’s network includes approximately 70 institutions in over 25 countries on over 200 campuses, which the Company collectively refer to as the Laureate International Universities network.
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