67.4% Stake of Laureate Education Inc (LAUR) Held by POINT72 ASSET MANAGEMENT, L.P. Total Shares: 126,192,676
POINT72 ASSET MANAGEMENT, L.P.
recently stated that they own 67.4% of Laureate Education Inc (NASDAQ:LAUR) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, January 5th. The investor owns 126,192,676 shares of the stock worth about $1,793,197,926. The reporting parties listed on the disclosure included Point72 Asset Management, LP, Point72 Capital Advisors, Inc and Steven A Cohen. The filing is available through Edgar at this hyperlink.
Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of Laureate Education in the 2nd quarter worth about $122,000. Legal & General Group Plc grew its position in shares of Laureate Education by 61.2% in the 2nd quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock worth $150,000 after buying an additional 3,240 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Laureate Education in the 3rd quarter worth about $138,000. Tudor Investment Corp ET AL purchased a new stake in shares of Laureate Education in the 2nd quarter worth about $208,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Laureate Education in the 2nd quarter worth about $252,000. 28.36% of the stock is currently owned by institutional investors and hedge funds.
LAUR has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $18.00 target price (down from $21.00) on shares of Laureate Education in a research report on Thursday, November 9th. Credit Suisse Group reduced their target price on shares of Laureate Education from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. BMO Capital Markets reduced their target price on shares of Laureate Education from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. Finally, ValuEngine downgraded shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $16.82.
Shares of Laureate Education Inc (NASDAQ:LAUR) traded down $0.40 during trading on Friday, reaching $14.21. 757,065 shares of the company were exchanged, compared to its average volume of 660,750. The company has a market cap of $2,670.00 and a PE ratio of -23.68. Laureate Education Inc has a 52 week low of $10.46 and a 52 week high of $18.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.94.
Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Wednesday, November 8th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.41). The firm had revenue of $983.40 million during the quarter, compared to the consensus estimate of $972.59 million. Laureate Education had a negative return on equity of 2.66% and a negative net margin of 1.47%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. research analysts anticipate that Laureate Education Inc will post -1.58 earnings per share for the current fiscal year.
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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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