CenterBook Partners LP Purchases New Shares in Laureate Education, Inc. (NASDAQ:LAUR)

CenterBook Partners LP acquired a new position in shares of Laureate Education, Inc. (NASDAQ:LAURFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,250 shares of the company’s stock, valued at approximately $195,000.

A number of other large investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. purchased a new stake in Laureate Education in the 4th quarter valued at about $980,000. Alberta Investment Management Corp increased its position in shares of Laureate Education by 33.4% during the 4th quarter. Alberta Investment Management Corp now owns 766,580 shares of the company’s stock valued at $10,510,000 after purchasing an additional 191,998 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Laureate Education by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,986,149 shares of the company’s stock worth $197,205,000 after purchasing an additional 187,400 shares during the period. Nordea Investment Management AB purchased a new position in shares of Laureate Education in the 4th quarter worth about $390,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Laureate Education by 30.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 16,758 shares of the company’s stock worth $230,000 after buying an additional 3,901 shares during the last quarter. 96.27% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Corro Pedro Del sold 5,957 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $16.31, for a total transaction of $97,158.67. Following the sale, the director now owns 46,729 shares of the company’s stock, valued at approximately $762,149.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Ian Kendell Snow sold 2,114,928 shares of Laureate Education stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $14.64, for a total transaction of $30,962,545.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Corro Pedro Del sold 5,957 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $16.31, for a total value of $97,158.67. Following the transaction, the director now directly owns 46,729 shares of the company’s stock, valued at approximately $762,149.99. The disclosure for this sale can be found here. Insiders have sold a total of 2,122,190 shares of company stock worth $31,080,297 over the last ninety days. Company insiders own 2.32% of the company’s stock.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on LAUR

Laureate Education Stock Performance

Shares of LAUR stock opened at $14.67 on Monday. The firm’s 50 day moving average is $15.16 and its 200 day moving average is $13.97. The stock has a market capitalization of $2.31 billion, a P/E ratio of 19.82 and a beta of 0.78. Laureate Education, Inc. has a 12 month low of $11.34 and a 12 month high of $16.60. 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 (NASDAQ:LAURGet Free Report) last posted 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). Laureate Education had a return on equity of 13.98% and a net margin of 8.19%. The company had revenue of $275.40 million during the quarter, compared to the consensus estimate of $269.35 million. During the same period in the previous year, the business earned ($0.17) earnings per share. Laureate Education’s revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts anticipate that Laureate Education, Inc. will post 1.29 earnings per share for the current year.

About Laureate Education

(Free Report)

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.

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Institutional Ownership by Quarter for Laureate Education (NASDAQ:LAUR)

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