Gotham Asset Management LLC reduced its stake in Laureate Education Inc (NASDAQ:LAUR) by 23.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 89,686 shares of the company’s stock after selling 27,313 shares during the quarter. Gotham Asset Management LLC’s holdings in Laureate Education were worth $1,367,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Laureate Education by 73.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,061 shares of the company’s stock worth $123,000 after acquiring an additional 3,413 shares during the period. Blair William & Co. IL bought a new position in Laureate Education in the 3rd quarter valued at about $156,000. Stone Ridge Asset Management LLC bought a new position in Laureate Education in the 4th quarter valued at about $159,000. State Board of Administration of Florida Retirement System bought a new position in Laureate Education in the 4th quarter valued at about $163,000. Finally, Amalgamated Bank bought a new position in Laureate Education in the 3rd quarter valued at about $174,000. 43.11% of the stock is currently owned by institutional investors.
Shares of LAUR stock traded up $0.22 during trading hours on Friday, reaching $15.75. The company had a trading volume of 372,150 shares, compared to its average volume of 641,207. The firm has a market capitalization of $3.53 billion, a PE ratio of -525.00, a P/E/G ratio of 2.97 and a beta of 0.40. Laureate Education Inc has a 12 month low of $13.58 and a 12 month high of $17.15. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.28.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Laureate Education from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Friday, March 8th. TheStreet upgraded Laureate Education from a “d-” rating to a “c” rating in a research report on Thursday, January 17th. Finally, ValuEngine upgraded Laureate Education from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $18.30.
In related news, insider Marcelo Cardoso sold 6,900 shares of Laureate Education stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $15.24, for a total value of $105,156.00. Following the completion of the transaction, the insider now owns 24,037 shares in the company, valued at $366,323.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Ricardo M. Berckemeyer sold 6,627 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $15.00, for a total transaction of $99,405.00. Following the completion of the sale, the chief operating officer now directly owns 68,921 shares of the company’s stock, valued at approximately $1,033,815. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,667 shares of company stock valued at $627,224. 2.97% of the stock is currently owned by company insiders.
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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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