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

Loomis Sayles & Co. L P lowered its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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’s holdings in Laureate Education were worth $30,481,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LAUR. nVerses Capital LLC purchased a new position in shares of Laureate Education in the 2nd quarter worth $25,000. Van ECK Associates Corp grew its stake in Laureate Education by 51.0% during the third quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock worth $36,000 after buying an additional 763 shares during the period. Quarry LP purchased a new stake in Laureate Education during the second quarter worth approximately $50,000. KBC Group NV increased its position in shares of Laureate Education by 62.3% in the third quarter. KBC Group NV now owns 4,075 shares of the company’s stock worth $68,000 after acquiring an additional 1,564 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new position in shares of Laureate Education in the 3rd quarter valued at $95,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Laureate Education Stock Performance

Laureate Education stock opened at $19.71 on Tuesday. The firm has a market capitalization of $2.97 billion, a PE ratio of 12.47 and a beta of 0.82. Laureate Education, Inc. has a one year low of $12.45 and a one year high of $19.98. The stock’s 50 day moving average price is $16.85 and its 200 day moving average price is $15.71. 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 announced its earnings results on Thursday, October 31st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.40. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The business had revenue of $368.60 million during the quarter, compared to the consensus estimate of $361.80 million. During the same period in the prior year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that Laureate Education, Inc. will post 1.42 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, BMO Capital Markets upped their price target on shares of Laureate Education from $17.00 to $20.00 and gave the stock an “outperform” rating in a research 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.