Vaughan Nelson Investment Management L.P. cut its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 5.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,229,580 shares of the company’s stock after selling 66,520 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.59% of Laureate Education worth $16,329,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new stake in Laureate Education during the 3rd quarter worth approximately $40,000. Daiwa Securities Group Inc. raised its holdings in Laureate Education by 78.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,220 shares of the company’s stock worth $56,000 after purchasing an additional 1,850 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Laureate Education by 25.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,269 shares of the company’s stock worth $62,000 after purchasing an additional 1,264 shares during the last quarter. Macquarie Group Ltd. bought a new position in Laureate Education during the 2nd quarter worth approximately $73,000. Finally, New York State Teachers Retirement System bought a new position in Laureate Education during the 2nd quarter worth approximately $99,000. Institutional investors and hedge funds own 54.36% of the company’s stock.
NASDAQ:LAUR opened at $14.30 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.15 and a quick ratio of 1.15. Laureate Education, Inc. has a 1 year low of $7.30 and a 1 year high of $21.66. The stock’s 50 day simple moving average is $13.54 and its two-hundred day simple moving average is $11.65. The company has a market cap of $3.00 billion, a price-to-earnings ratio of -3.21, a PEG ratio of 0.46 and a beta of 0.80.
Laureate Education (NASDAQ:LAUR) last released its quarterly earnings data on Thursday, November 5th. The company reported ($3.73) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($3.90). Laureate Education had a positive return on equity of 11.36% and a negative net margin of 8.14%. The firm had revenue of $243.50 million during the quarter, compared to the consensus estimate of $657.80 million. During the same period in the previous year, the firm earned ($0.43) EPS. The business’s revenue was down 12.2% compared to the same quarter last year. As a group, analysts anticipate that Laureate Education, Inc. will post 1.88 EPS for the current year.
A number of research firms have issued reports on LAUR. BidaskClub downgraded shares of Laureate Education from a “buy” rating to a “hold” rating in a report on Thursday, October 29th. Barrington Research reaffirmed a “buy” rating and set a $15.00 price objective on shares of Laureate Education in a report on Thursday, August 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $17.50 price objective on shares of Laureate Education in a report on Monday, August 3rd. Barclays lifted their price objective on shares of Laureate Education from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 15th. Finally, ValuEngine downgraded shares of Laureate Education from a “sell” rating to a “strong sell” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Laureate Education currently has an average rating of “Buy” and an average target price of $16.19.
About Laureate Education
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It offers a range of undergraduate and graduate degree programs primarily 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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