First Pacific Advisors LP Reduces Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

First Pacific Advisors LP reduced its stake in Laureate Education, Inc. (NASDAQ:LAUR) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 799,146 shares of the company’s stock after selling 14,635 shares during the quarter. First Pacific Advisors LP’s holdings in Laureate Education were worth $11,939,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LAUR. New York State Common Retirement Fund lifted its position in Laureate Education by 5.2% during the 4th quarter. New York State Common Retirement Fund now owns 53,319 shares of the company’s stock worth $731,000 after acquiring an additional 2,650 shares during the period. Victory Capital Management Inc. boosted its position in Laureate Education by 36.9% in the fourth quarter. Victory Capital Management Inc. now owns 40,357 shares of the company’s stock valued at $553,000 after buying an additional 10,885 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Laureate Education by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,966,488 shares of the company’s stock worth $26,961,000 after buying an additional 45,514 shares during the period. Dimensional Fund Advisors LP raised its position in Laureate Education by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,965,619 shares of the company’s stock worth $95,498,000 after buying an additional 56,458 shares during the last quarter. Finally, New Century Financial Group LLC acquired a new stake in Laureate Education during the 4th quarter valued at approximately $657,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Laureate Education Stock Down 0.2 %

Shares of Laureate Education stock traded down $0.03 during trading hours on Thursday, reaching $15.03. 108,696 shares of the company were exchanged, compared to its average volume of 758,363. The firm has a market cap of $2.37 billion, a PE ratio of 20.31 and a beta of 0.81. The stock’s fifty day moving average is $14.95 and its 200 day moving average is $14.69. Laureate Education, Inc. has a 1 year low of $12.45 and a 1 year high of $17.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.76 and a current ratio of 0.76.

Laureate Education (NASDAQ:LAUR) last announced its earnings results on Thursday, August 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. The firm had revenue of $499.20 million during the quarter, compared to analysts’ expectations of $483.69 million. Laureate Education had a return on equity of 21.37% and a net margin of 12.64%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. As a group, equities research analysts forecast that Laureate Education, Inc. will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley downgraded shares of Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price target on the stock. in a report on Friday, July 26th.

Laureate Education Profile

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.