Laureate Education Inc. (LAUR) Shares Bought by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. raised its stake in Laureate Education Inc. (NASDAQ:LAUR) by 151.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,241 shares of the company’s stock after purchasing an additional 100,668 shares during the period. Schwab Charles Investment Management Inc. owned 0.10% of Laureate Education worth $2,932,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Nationwide Fund Advisors acquired a new position in shares of Laureate Education during the first quarter valued at about $146,000. Stifel Financial Corp acquired a new position in shares of Laureate Education during the first quarter valued at about $147,000. Marshall Wace North America L.P. acquired a new position in shares of Laureate Education during the first quarter valued at about $241,000. MARSHALL WACE ASIA Ltd acquired a new position in shares of Laureate Education during the first quarter valued at about $241,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Laureate Education during the first quarter valued at about $280,000. 20.81% of the stock is owned by hedge funds and other institutional investors.
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In other Laureate Education news, COO Ricardo M. Berckemeyer sold 47,983 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $14.29, for a total transaction of $685,677.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard J. Patro sold 16,383 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $15.21, for a total transaction of $249,185.43. The disclosure for this sale can be found here. 13.10% of the stock is currently owned by company insiders.
A number of research analysts have recently issued reports on LAUR shares. Stifel Nicolaus reiterated a “buy” rating and set a $21.00 price objective (up from $20.00) on shares of Laureate Education in a report on Friday, July 7th. Piper Jaffray Companies reiterated a “buy” rating and set a $19.00 price objective on shares of Laureate Education in a report on Friday, July 21st. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $17.28.
Laureate Education Inc. (LAUR) opened at 13.90 on Friday. The stock’s 50 day moving average is $14.39 and its 200-day moving average is $15.59. The firm has a market capitalization of $2.34 billion and a PE ratio of 195.77. Laureate Education Inc. has a one year low of $12.12 and a one year high of $18.96.
Laureate Education (NASDAQ:LAUR) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.25). The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.24 billion. Laureate Education’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts anticipate that Laureate Education Inc. will post ($0.89) EPS for the current fiscal year.
About Laureate Education
Laureate Education, Inc provides higher education programs and services to students through an international network of licensed universities and higher education institutions (institutions). The Company’s programs are provided through institutions that are campus-based and Internet-based, or through electronically distributed educational programs (online).
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