Other equities research analysts have also recently issued reports about the company. Barrington Research restated a buy rating and set a $22.00 target price on shares of Laureate Education in a research note on Thursday, September 12th. BMO Capital Markets raised their target price on Laureate Education from $18.00 to $20.00 and gave the company an outperform rating in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their price target on Laureate Education from $22.00 to $25.00 and gave the company an overweight rating in a research note on Wednesday, August 28th. ValuEngine upgraded Laureate Education from a strong sell rating to a sell rating in a research note on Tuesday, December 3rd. Finally, TheStreet cut Laureate Education from a b rating to a c+ rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $21.33.
Shares of NASDAQ:LAUR opened at $16.65 on Friday. The firm has a 50 day moving average of $16.35 and a 200-day moving average of $16.49. Laureate Education has a 12 month low of $13.70 and a 12 month high of $18.57. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $3.64 billion, a PE ratio of -555.00, a PEG ratio of 3.91 and a beta of 0.21.
In related news, major shareholder Alberta Lp Wengen sold 15,000,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $16.72, for a total transaction of $250,800,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Juan Jose Hurtado sold 7,500 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $16.84, for a total value of $126,300.00. Following the sale, the senior vice president now directly owns 14,596 shares in the company, valued at approximately $245,796.64. The disclosure for this sale can be found here. Insiders have sold a total of 16,015,201 shares of company stock worth $267,772,683 over the last ninety days. 2.97% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of LAUR. Metropolitan Life Insurance Co NY grew its holdings in shares of Laureate Education by 9.0% during the third quarter. Metropolitan Life Insurance Co NY now owns 33,412 shares of the company’s stock worth $554,000 after purchasing an additional 2,772 shares during the last quarter. Millennium Management LLC grew its holdings in Laureate Education by 92.7% during the 3rd quarter. Millennium Management LLC now owns 243,508 shares of the company’s stock worth $4,036,000 after acquiring an additional 117,109 shares during the last quarter. Man Group plc increased its position in Laureate Education by 5,006.8% in the 3rd quarter. Man Group plc now owns 624,463 shares of the company’s stock valued at $10,350,000 after acquiring an additional 612,235 shares during the period. Maple Rock Capital Partners Inc. raised its stake in shares of Laureate Education by 6.8% during the third quarter. Maple Rock Capital Partners Inc. now owns 3,145,000 shares of the company’s stock valued at $52,128,000 after acquiring an additional 200,000 shares during the last quarter. Finally, Select Equity Group L.P. raised its stake in shares of Laureate Education by 80.6% during the third quarter. Select Equity Group L.P. now owns 4,064,996 shares of the company’s stock valued at $67,377,000 after acquiring an additional 1,814,274 shares during the last quarter. Hedge funds and other institutional investors own 56.93% of the company’s stock.
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 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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