Insider Selling: Laureate Education, Inc. (NASDAQ:LAUR) Director Sells 2,114,928 Shares of Stock

Laureate Education, Inc. (NASDAQ:LAUR) Director Ian Kendell Snow sold 2,114,928 shares of Laureate Education stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $14.64, for a total value of $30,962,545.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Laureate Education Stock Performance

Shares of NASDAQ LAUR opened at $16.32 on Friday. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 22.05 and a beta of 0.75. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.19. Laureate Education, Inc. has a 1-year low of $11.34 and a 1-year high of $16.37. The stock’s 50-day moving average is $14.33 and its 200 day moving average is $13.65.

Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). The business had revenue of $275.40 million for the quarter, compared to the consensus estimate of $269.35 million. Laureate Education had a net margin of 8.19% and a return on equity of 13.98%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) earnings per share. On average, sell-side analysts anticipate that Laureate Education, Inc. will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Laureate Education

Several institutional investors and hedge funds have recently made changes to their positions in LAUR. Edmond DE Rothschild Holding S.A. bought a new stake in Laureate Education in the first quarter worth $648,000. ProShare Advisors LLC increased its holdings in shares of Laureate Education by 8.5% in the first quarter. ProShare Advisors LLC now owns 23,554 shares of the company’s stock worth $343,000 after buying an additional 1,853 shares during the period. Hohimer Wealth Management LLC bought a new stake in shares of Laureate Education in the 1st quarter valued at about $371,000. SG Americas Securities LLC purchased a new stake in Laureate Education during the 1st quarter valued at about $151,000. Finally, Nordea Investment Management AB grew its position in Laureate Education by 18.1% during the 1st quarter. Nordea Investment Management AB now owns 33,804 shares of the company’s stock worth $493,000 after acquiring an additional 5,176 shares during the last quarter. Institutional investors own 96.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of Laureate Education from a “c+” rating to a “b” rating in a research report on Monday, February 26th.

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.