Laureate Education, Inc. (NASDAQ:LAUR) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,835,149 shares of the company’s stock after selling 3,153 shares during the quarter. Loomis Sayles & Co. L P owned 1.22% of Laureate Education worth $30,481,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cape Ann Asset Management Ltd acquired a new stake in shares of Laureate Education in the 3rd quarter valued at approximately $17,412,000. Swedbank AB raised its position in Laureate Education by 225.8% in the third quarter. Swedbank AB now owns 2,513,300 shares of the company’s stock worth $41,746,000 after acquiring an additional 1,741,800 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Laureate Education by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,145,552 shares of the company’s stock valued at $35,638,000 after acquiring an additional 80,570 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Laureate Education during the 3rd quarter worth $414,000. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Laureate Education by 1.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 304,206 shares of the company’s stock worth $5,053,000 after purchasing an additional 4,368 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Laureate Education Trading Up 1.0 %

Shares of Laureate Education stock opened at $19.71 on Tuesday. The business has a 50 day moving average price of $16.85 and a 200 day moving average price of $15.71. Laureate Education, Inc. has a 1 year low of $12.45 and a 1 year high of $19.98. The company has a market capitalization of $2.97 billion, a P/E ratio of 12.47 and a beta of 0.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63.

Laureate Education (NASDAQ:LAUR) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.40. The company had revenue of $368.60 million for the quarter, compared to analysts’ expectations of $361.80 million. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.23 EPS. Sell-side analysts anticipate that Laureate Education, Inc. will post 1.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lifted their price target on shares of Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 1st.

Laureate Education Company 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.