Laureate Education (NASDAQ:LAUR) Rating Lowered to Sell at BidaskClub

BidaskClub cut shares of Laureate Education (NASDAQ:LAUR) from a hold rating to a sell rating in a research note issued to investors on Friday morning, BidAskClub reports.

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.

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.49). The firm had revenue of $773.70 million for the quarter, compared to analyst estimates of $781.12 million. Laureate Education had a negative return on equity of 0.22% and a net margin of 28.67%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.42) EPS. On average, research analysts predict that Laureate Education will post 0.35 EPS for the current fiscal year.

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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Analyst Recommendations for Laureate Education (NASDAQ:LAUR)

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