Macquarie Group Ltd. Invests $15.06 Million in Laureate Education Inc (NASDAQ:LAUR)
Macquarie Group Ltd. bought a new position in shares of Laureate Education Inc (NASDAQ:LAUR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,050,901 shares of the company’s stock, valued at approximately $15,059,000. Macquarie Group Ltd. owned approximately 0.56% of Laureate Education at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in LAUR. Apollo Management Holdings L.P. purchased a new position in shares of Laureate Education during the 2nd quarter valued at $94,610,000. Bank of America Corp DE grew its holdings in shares of Laureate Education by 15.1% during the 2nd quarter. Bank of America Corp DE now owns 524,475 shares of the company’s stock valued at $7,515,000 after acquiring an additional 68,853 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Laureate Education during the 2nd quarter valued at $887,000. Raymond James & Associates boosted its holdings in Laureate Education by 5.2% in the second quarter. Raymond James & Associates now owns 95,215 shares of the company’s stock worth $1,364,000 after purchasing an additional 4,738 shares in the last quarter. Finally, Van ECK Associates Corp bought a new stake in Laureate Education in the second quarter worth $6,330,000. 35.05% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on LAUR. Zacks Investment Research upgraded shares of Laureate Education from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday. Citigroup decreased their price target on shares of Laureate Education from $20.50 to $19.00 and set a “buy” rating for the company in a report on Wednesday, July 11th. Barrington Research reaffirmed a “buy” rating and set a $20.00 price objective on shares of Laureate Education in a research report on Friday, August 10th. ValuEngine raised shares of Laureate Education from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Barclays reissued a “hold” rating and issued a $17.00 price target on shares of Laureate Education in a research report on Friday, August 10th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Laureate Education presently has a consensus rating of “Buy” and a consensus price target of $18.41.
Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings results on Thursday, August 9th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.30. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. Laureate Education had a net margin of 11.22% and a return on equity of 13.74%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. On average, research analysts expect that Laureate Education Inc will post 0.68 EPS for the current year.
In other Laureate Education news, CEO Paula R. Singer sold 7,703 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $15.31, for a total transaction of $117,932.93. Following the sale, the chief executive officer now directly owns 68,364 shares of the company’s stock, valued at $1,046,652.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Paula R. Singer sold 23,109 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $16.00, for a total transaction of $369,744.00. Following the sale, the chief executive officer now directly owns 76,067 shares in the company, valued at $1,217,072. The disclosure for this sale can be found here. 4.59% of the stock is currently owned by corporate insiders.
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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