Tudor Investment Corp ET AL acquired a new stake in Laureate Education Inc. (NASDAQ:LAUR) during the second quarter, according to its most recent filing with the SEC. The firm acquired 11,874 shares of the company’s stock, valued at approximately $208,000.
A number of other large investors have also recently bought and sold shares of LAUR. Kohlberg Kravis Roberts & Co. L.P. purchased a new position in Laureate Education in the 1st quarter valued at $50,964,000. FMR LLC purchased a new position in Laureate Education in the 1st quarter valued at $49,947,000. Vanguard Group Inc. purchased a new position in Laureate Education in the 1st quarter valued at $35,401,000. Franklin Resources Inc. grew its position in Laureate Education by 171.6% in the 2nd quarter. Franklin Resources Inc. now owns 2,171,612 shares of the company’s stock valued at $38,068,000 after buying an additional 1,372,023 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Laureate Education in the 2nd quarter valued at $21,040,000. Hedge funds and other institutional investors own 20.81% of the company’s stock.
Shares of Laureate Education Inc. (LAUR) opened at 14.00 on Wednesday. The stock has a market capitalization of $2.36 billion and a price-to-earnings ratio of 197.18. The company has a 50 day moving average of $14.44 and a 200 day moving average of $15.62. Laureate Education Inc. has a 52-week low of $12.12 and a 52-week high of $18.96.
Laureate Education (NASDAQ:LAUR) last announced its earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.25). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.24 billion. The firm’s revenue was up 3.7% on a year-over-year basis. Analysts predict that Laureate Education Inc. will post ($0.89) EPS for the current fiscal year.
A number of equities analysts recently weighed in on LAUR shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $17.00 price objective on shares of Laureate Education in a research report on Tuesday, August 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $21.00 price objective (up from $20.00) on shares of Laureate Education in a research report on Friday, July 7th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $17.28.
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In related news, CEO Richard J. Patro sold 16,383 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $15.21, for a total transaction of $249,185.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Ricardo M. Berckemeyer sold 47,983 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $14.29, for a total value of $685,677.07. The disclosure for this sale can be found here. Company insiders own 13.10% of the company’s stock.
Laureate Education Company 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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