Laureate Education, Inc. (NASDAQ:LAUR) Director Ian Kendell Snow Sells 2,114,928 Shares

Laureate Education, Inc. (NASDAQ:LAUR) Director Ian Kendell Snow sold 2,114,928 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $14.64, for a total transaction of $30,962,545.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Laureate Education Stock Up 3.3 %

NASDAQ:LAUR traded up $0.52 during mid-day trading on Wednesday, hitting $16.32. The company had a trading volume of 1,715,932 shares, compared to its average volume of 729,551. The business has a fifty day simple moving average of $14.21 and a 200-day simple moving average of $13.61. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 21.35 and a beta of 0.74. Laureate Education, Inc. has a 1 year low of $11.34 and a 1 year high of $16.36. 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:LAUR) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). The company had revenue of $275.40 million during the quarter, compared to analysts’ expectations of $269.35 million. Laureate Education had a return on equity of 13.98% and a net margin of 8.19%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.17) EPS. Equities analysts forecast that Laureate Education, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Laureate Education

A number of large investors have recently added to or reduced their stakes in LAUR. Bank of New York Mellon Corp boosted its stake in shares of Laureate Education by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,898,493 shares of the company’s stock valued at $26,769,000 after buying an additional 5,962 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Laureate Education by 30.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,806 shares of the company’s stock valued at $350,000 after acquiring an additional 5,793 shares during the last quarter. Inspire Investing LLC acquired a new position in Laureate Education during the 3rd quarter worth $308,000. Teacher Retirement System of Texas increased its position in shares of Laureate Education by 12.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 225,560 shares of the company’s stock worth $3,180,000 after purchasing an additional 24,098 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Laureate Education by 3.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 87,502 shares of the company’s stock valued at $1,234,000 after purchasing an additional 3,198 shares in the last quarter. 96.27% of the stock is owned by institutional investors and hedge funds.

About Laureate Education

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.