SG Americas Securities LLC bought a new position in Laureate Education Inc (NASDAQ:LAUR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,496 shares of the company’s stock, valued at approximately $138,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in LAUR. Franklin Resources Inc. raised its stake in shares of Laureate Education by 171.6% in the second quarter. Franklin Resources Inc. now owns 2,171,612 shares of the company’s stock worth $38,068,000 after acquiring an additional 1,372,023 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Laureate Education during the 2nd quarter worth approximately $8,743,000. Neuberger Berman Group LLC grew its position in shares of Laureate Education by 33.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,361,309 shares of the company’s stock worth $23,864,000 after buying an additional 343,649 shares during the period. Northern Trust Corp grew its position in shares of Laureate Education by 152.3% during the 2nd quarter. Northern Trust Corp now owns 384,965 shares of the company’s stock worth $6,748,000 after buying an additional 232,383 shares during the period. Finally, State Street Corp grew its position in shares of Laureate Education by 51.4% during the 2nd quarter. State Street Corp now owns 645,814 shares of the company’s stock worth $11,321,000 after buying an additional 219,350 shares during the period. 28.36% of the stock is owned by institutional investors.
Several equities research analysts have recently commented on LAUR shares. Zacks Investment Research cut shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. ValuEngine cut shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. BMO Capital Markets lowered their price target on shares of Laureate Education from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, November 9th. Piper Jaffray Companies reiterated a “buy” rating and set a $16.50 price target on shares of Laureate Education in a research report on Friday, November 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $18.00 price target (down previously from $21.00) on shares of Laureate Education in a research report on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $16.82.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.41). The firm had revenue of $983.40 million for the quarter, compared to analyst estimates of $972.59 million. Laureate Education had a negative net margin of 1.47% and a negative return on equity of 2.66%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. equities analysts forecast that Laureate Education Inc will post -1.58 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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