Teachers Advisors LLC raised its position in Laureate Education Inc. (NASDAQ:LAUR) by 35.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,345 shares of the company’s stock after purchasing an additional 16,980 shares during the period. Teachers Advisors LLC’s holdings in Laureate Education were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Alliancebernstein L.P. purchased a new stake in shares of Laureate Education in the 2nd quarter valued at approximately $710,000. Wells Fargo & Company MN grew its position in shares of Laureate Education by 12.3% in the 2nd quarter. Wells Fargo & Company MN now owns 86,551 shares of the company’s stock valued at $1,517,000 after buying an additional 9,477 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Laureate Education by 171.6% in the 2nd quarter. Franklin Resources Inc. now owns 2,171,612 shares of the company’s stock valued at $38,068,000 after buying an additional 1,372,023 shares during the last quarter. Swiss National Bank purchased a new position in shares of Laureate Education in the 2nd quarter valued at $926,000. Finally, Neuberger Berman Group LLC grew its position in shares of Laureate Education by 33.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,361,309 shares of the company’s stock valued at $23,864,000 after buying an additional 343,649 shares during the last quarter. 20.86% of the stock is currently owned by institutional investors.
In other Laureate Education news, CEO Richard J. Patro sold 16,383 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $15.21, for a total transaction of $249,185.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Ricardo M. Berckemeyer sold 47,983 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $14.29, for a total transaction of $685,677.07. The disclosure for this sale can be found here. 13.10% of the stock is currently owned by insiders.
A number of research analysts recently commented on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $17.00 target price on shares of Laureate Education in a research report on Tuesday, August 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $21.00 target price (up from $20.00) on shares of Laureate Education in a research report on Friday, July 7th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $17.28.
Laureate Education Inc. (NASDAQ:LAUR) opened at 13.37 on Wednesday. The company has a 50 day moving average of $14.15 and a 200-day moving average of $15.54. The stock has a market capitalization of $2.25 billion and a P/E ratio of 188.31. Laureate Education Inc. has a 52-week low of $12.12 and a 52-week high of $18.96.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.25). The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.24 billion. Laureate Education’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts anticipate that Laureate Education Inc. will post ($0.89) EPS for the current year.
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Laureate Education Profile
Laureate Education, Inc provides higher education programs and services to students through an international network of licensed universities and higher education institutions (institutions). The Company’s programs are provided through institutions that are campus-based and Internet-based, or through electronically distributed educational programs (online).
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