Laureate Education (LAUR) Stock Price Down 9%

Laureate Education Inc (NASDAQ:LAUR) was down 9% during trading on Wednesday . The company traded as low as $13.96 and last traded at $14.14. Approximately 1,322,380 shares changed hands during trading, an increase of 135% from the average daily volume of 563,103 shares. The stock had previously closed at $15.53.

A number of equities research analysts have recently commented on LAUR shares. ValuEngine downgraded Laureate Education from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Citigroup increased their price objective on Laureate Education from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. Barrington Research reiterated a “buy” rating and set a $20.00 price objective on shares of Laureate Education in a research report on Friday, August 10th. Zacks Investment Research downgraded Laureate Education from a “strong-buy” rating to a “sell” rating in a research report on Thursday, August 2nd. Finally, Barclays reiterated a “hold” rating and set a $17.00 price objective on shares of Laureate Education in a research report on Friday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Laureate Education presently has an average rating of “Buy” and a consensus target price of $18.39.

The firm has a market cap of $3.57 billion, a PE ratio of -11.78, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.28.

Laureate Education (NASDAQ:LAUR) last released its earnings results on Thursday, November 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.04. The company had revenue of $787.10 million during the quarter, compared to analyst estimates of $929.30 million. Laureate Education had a return on equity of 14.99% and a net margin of 11.83%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.02) earnings per share. On average, sell-side analysts forecast that Laureate Education Inc will post 0.68 earnings per share for the current fiscal year.

In other news, CEO Paula R. Singer sold 7,703 shares of the stock in a transaction on Monday, October 15th. The stock was sold at an average price of $14.89, for a total value of $114,697.67. Following the completion of the sale, the chief executive officer now owns 60,661 shares in the company, valued at $903,242.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.59% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blair William & Co. IL purchased a new stake in shares of Laureate Education during the third quarter worth $156,000. Amalgamated Bank purchased a new stake in shares of Laureate Education during the third quarter worth $174,000. Tower Research Capital LLC TRC purchased a new stake in shares of Laureate Education during the second quarter worth $312,000. BlueMountain Capital Management LLC purchased a new stake in shares of Laureate Education during the third quarter worth $362,000. Finally, Fox Run Management L.L.C. raised its holdings in shares of Laureate Education by 78.0% during the second quarter. Fox Run Management L.L.C. now owns 25,619 shares of the company’s stock worth $367,000 after acquiring an additional 11,226 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

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About Laureate Education (NASDAQ:LAUR)

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.

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