Paula R. Singer Sells 3,348 Shares of Laureate Education Inc (NASDAQ:LAUR) Stock

Laureate Education Inc (NASDAQ:LAUR) CEO Paula R. Singer sold 3,348 shares of Laureate Education stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $16.41, for a total transaction of $54,940.68. Following the completion of the sale, the chief executive officer now directly owns 29,926 shares in the company, valued at approximately $491,085.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

LAUR stock traded down $0.31 during mid-day trading on Monday, hitting $15.68. The company had a trading volume of 949,600 shares, compared to its average volume of 791,746. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of -522.67, a PEG ratio of 2.08 and a beta of 0.27. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.87 and a current ratio of 0.87. Laureate Education Inc has a 12 month low of $13.58 and a 12 month high of $17.19. The firm’s fifty day moving average is $15.94.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of ($0.60) by $1.45. The business had revenue of $621.80 million for the quarter, compared to analyst estimates of $609.98 million. Laureate Education had a net margin of 11.00% and a return on equity of 4.71%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. As a group, sell-side analysts forecast that Laureate Education Inc will post 0.64 EPS for the current year.

LAUR has been the topic of several research reports. TheStreet raised shares of Laureate Education from a “c” rating to a “b-” rating in a research report on Friday, April 26th. Zacks Investment Research raised shares of Laureate Education from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Wednesday, July 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.50.

Several institutional investors and hedge funds have recently bought and sold shares of LAUR. Public Employees Retirement System of Ohio increased its stake in shares of Laureate Education by 45.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,352 shares of the company’s stock worth $36,000 after purchasing an additional 735 shares in the last quarter. New York State Teachers Retirement System purchased a new position in shares of Laureate Education in the second quarter worth about $130,000. SG Americas Securities LLC increased its stake in shares of Laureate Education by 53.6% in the first quarter. SG Americas Securities LLC now owns 10,960 shares of the company’s stock worth $164,000 after purchasing an additional 3,823 shares in the last quarter. Sciencast Management LP purchased a new position in shares of Laureate Education in the first quarter worth about $165,000. Finally, United Services Automobile Association purchased a new position in shares of Laureate Education in the fourth quarter worth about $176,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

About Laureate Education

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It operates through five segments: Brazil, Mexico, Andean, Rest of World, and Online & Partnerships. The company offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.

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