Laureate Education (NASDAQ:LAUR) Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd reduced its stake in Laureate Education (NASDAQ:LAUR) by 19.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,256 shares of the company’s stock after selling 1,481 shares during the period. Premier Fund Managers Ltd’s holdings in Laureate Education were worth $128,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LAUR. Brandywine Global Investment Management LLC purchased a new stake in shares of Laureate Education in the 4th quarter valued at approximately $9,353,000. Fiera Capital Corp raised its stake in shares of Laureate Education by 43.4% during the 1st quarter. Fiera Capital Corp now owns 935,239 shares of the company’s stock worth $19,126,000 after buying an additional 282,901 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Laureate Education by 2,702.0% during the fourth quarter. Renaissance Technologies LLC now owns 285,800 shares of the company’s stock worth $5,227,000 after buying an additional 275,600 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Laureate Education by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,663,351 shares of the company’s stock valued at $30,424,000 after purchasing an additional 263,418 shares during the last quarter. Finally, RWC Asset Management LLP acquired a new stake in shares of Laureate Education in the first quarter valued at approximately $5,295,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Laureate Education Stock Performance

Shares of LAUR opened at $22.97 on Wednesday. The company has a 50-day moving average of $22.87 and a two-hundred day moving average of $20.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.58 and a quick ratio of 0.58. Laureate Education has a one year low of $13.60 and a one year high of $24.57. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 12.22 and a beta of 0.62.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LAUR. BMO Capital Markets raised their target price on shares of Laureate Education from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Wall Street Zen lowered Laureate Education from a “buy” rating to a “hold” rating in a report on Monday, July 7th.

Laureate Education Company Profile

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.