Wellington Management Group LLP Cuts Stock Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

Wellington Management Group LLP reduced its position in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,218,537 shares of the company’s stock after selling 360,784 shares during the period. Wellington Management Group LLP’s holdings in Laureate Education were worth $86,680,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LAUR. Diversified Trust Co increased its stake in Laureate Education by 6.7% during the 2nd quarter. Diversified Trust Co now owns 25,284 shares of the company’s stock worth $378,000 after buying an additional 1,594 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Laureate Education by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 61,738 shares of the company’s stock worth $922,000 after purchasing an additional 958 shares during the last quarter. Bailard Inc. boosted its holdings in shares of Laureate Education by 91.3% during the 2nd quarter. Bailard Inc. now owns 19,900 shares of the company’s stock worth $297,000 after purchasing an additional 9,500 shares during the last quarter. Liontrust Investment Partners LLP boosted its holdings in shares of Laureate Education by 14.0% during the 2nd quarter. Liontrust Investment Partners LLP now owns 65,000 shares of the company’s stock worth $971,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Laureate Education by 144.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,515 shares of the company’s stock worth $142,000 after purchasing an additional 5,626 shares during the last quarter. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Laureate Education Trading Up 1.8 %

LAUR opened at $18.72 on Wednesday. Laureate Education, Inc. has a one year low of $12.45 and a one year high of $19.98. The stock has a market capitalization of $2.82 billion, a PE ratio of 11.85 and a beta of 0.82. The business’s 50 day moving average price is $17.32 and its 200 day moving average price is $15.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63.

Laureate Education (NASDAQ:LAUR) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.40. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. The firm had revenue of $368.60 million for the quarter, compared to analysts’ expectations of $361.80 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts expect that Laureate Education, Inc. will post 1.42 EPS for the current year.

Insider Activity at Laureate Education

In other Laureate Education news, Director Corro Pedro Del sold 25,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $19.58, for a total transaction of $489,500.00. Following the transaction, the director now directly owns 29,686 shares in the company, valued at $581,251.88. This represents a 45.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Laureate Education 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.