Zacks Investment Research Downgrades Laureate Education (LAUR) to Hold

Laureate Education (NASDAQ:LAUR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Laureate Education, Inc. is a degree-granting higher education institutions. The company offers high-quality undergraduate, graduate and specialized programs. Laureate Education, Inc. is headquartered in Baltimore, Maryland. “

A number of other analysts also recently issued reports on the company. ValuEngine raised Laureate Education from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Citigroup lifted their target price 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 reaffirmed a “buy” rating and issued a $20.00 target price on shares of Laureate Education in a research report on Friday, August 10th. Finally, Barclays reaffirmed a “hold” rating and issued a $17.00 target price on shares of Laureate Education in a research report on Friday, August 10th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $18.41.

LAUR opened at $15.33 on Wednesday. Laureate Education has a 1 year low of $10.46 and a 1 year high of $16.99. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of -12.78, a PEG ratio of 1.90 and a beta of 1.19. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.02.

Laureate Education (NASDAQ:LAUR) last released its earnings results on Thursday, August 9th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.30. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. Laureate Education had a return on equity of 13.74% and a net margin of 11.22%. Laureate Education’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 earnings per share. On average, analysts expect that Laureate Education will post 0.68 EPS for the current fiscal year.

In other Laureate Education news, CEO Paula R. Singer sold 7,703 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $14.89, for a total transaction of $114,697.67. Following the transaction, the chief executive officer now owns 60,661 shares of the company’s stock, valued at $903,242.29. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Paula R. Singer sold 23,109 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $16.00, for a total value of $369,744.00. Following the transaction, the chief executive officer now directly owns 76,067 shares in the company, valued at approximately $1,217,072. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,515 shares of company stock worth $602,375. Company insiders own 13.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Daiwa SB Investments Ltd. boosted its holdings in shares of Laureate Education by 59.8% during the third quarter. Daiwa SB Investments Ltd. now owns 786,745 shares of the company’s stock worth $12,147,000 after acquiring an additional 294,337 shares during the period. Northern Trust Corp boosted its stake in shares of Laureate Education by 7.6% in the second quarter. Northern Trust Corp now owns 580,959 shares of the company’s stock valued at $8,325,000 after buying an additional 41,006 shares during the period. Millennium Management LLC boosted its stake in shares of Laureate Education by 237.8% in the second quarter. Millennium Management LLC now owns 1,341,444 shares of the company’s stock valued at $19,223,000 after buying an additional 944,299 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Laureate Education in the second quarter valued at approximately $312,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Laureate Education in the second quarter valued at approximately $15,059,000. 35.04% of the stock is currently owned by hedge funds and other institutional investors.

Laureate Education Company Profile

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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