Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. boosted their price target on Laureate Education from $22.00 to $25.00 and gave the stock an overweight rating in a research report on Wednesday, August 28th. Stifel Nicolaus set a $22.00 price target on Laureate Education and gave the stock a buy rating in a research report on Friday, August 30th. Zacks Investment Research raised Laureate Education from a hold rating to a buy rating and set a $17.00 price target on the stock in a research report on Friday, November 1st. TheStreet lowered Laureate Education from a b rating to a c+ rating in a research report on Wednesday, October 9th. Finally, Citigroup reaffirmed a buy rating and set a $22.00 price target (up previously from $19.00) on shares of Laureate Education in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $21.33.
Laureate Education stock traded down $0.04 during midday trading on Friday, reaching $16.77. The stock had a trading volume of 58,439 shares, compared to its average volume of 1,630,169. The firm’s fifty day simple moving average is $16.04 and its 200-day simple moving average is $16.43. Laureate Education has a 1-year low of $13.70 and a 1-year high of $18.57. The stock has a market capitalization of $3.67 billion, a P/E ratio of -559.00, a price-to-earnings-growth ratio of 3.94 and a beta of 0.15. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82.
In other Laureate Education news, Director Sterling Capital Partners Iii sold 997,654 shares of Laureate Education stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $16.72, for a total value of $16,680,774.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Paula R. Singer sold 3,348 shares of Laureate Education stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $18.19, for a total value of $60,900.12. Following the completion of the transaction, the chief executive officer now directly owns 26,578 shares of the company’s stock, valued at $483,453.82. The disclosure for this sale can be found here. Insiders sold a total of 16,015,200 shares of company stock valued at $267,775,478 over the last 90 days. 2.97% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. boosted its position in shares of Laureate Education by 130.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 65,635 shares of the company’s stock valued at $983,000 after purchasing an additional 37,135 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Laureate Education in the second quarter worth approximately $233,000. New York State Teachers Retirement System purchased a new stake in shares of Laureate Education in the second quarter worth approximately $130,000. Bessemer Group Inc. raised its stake in shares of Laureate Education by 19.2% in the second quarter. Bessemer Group Inc. now owns 147,700 shares of the company’s stock worth $2,320,000 after purchasing an additional 23,800 shares during the last quarter. Finally, SG Capital Management LLC purchased a new stake in shares of Laureate Education in the second quarter worth approximately $19,252,000. 52.06% of the stock is owned by hedge funds and other institutional investors.
Laureate Education Company Profile
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 operates through five segments: Brazil, Mexico, Andean, Rest of World, and Online & Partnerships. The company 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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