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.
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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