Bank of New York Mellon Corp Has $28.37 Million Stake in Laureate Education (NASDAQ:LAUR)

Bank of New York Mellon Corp reduced its position in Laureate Education (NASDAQ:LAUR - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,387,401 shares of the company's stock after selling 32,035 shares during the quarter. Bank of New York Mellon Corp owned about 0.92% of Laureate Education worth $28,372,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in LAUR. Mariner LLC lifted its holdings in Laureate Education by 3.3% in the 4th quarter. Mariner LLC now owns 16,933 shares of the company's stock valued at $310,000 after purchasing an additional 541 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in Laureate Education by 1.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 52,706 shares of the company's stock valued at $1,078,000 after purchasing an additional 768 shares in the last quarter. Cannon Global Investment Management LLC lifted its holdings in Laureate Education by 4.2% in the 1st quarter. Cannon Global Investment Management LLC now owns 19,800 shares of the company's stock valued at $405,000 after purchasing an additional 800 shares in the last quarter. Martingale Asset Management L P lifted its holdings in Laureate Education by 0.7% in the 4th quarter. Martingale Asset Management L P now owns 132,170 shares of the company's stock valued at $2,417,000 after purchasing an additional 884 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Laureate Education by 1.9% in the 4th quarter. MetLife Investment Management LLC now owns 78,363 shares of the company's stock valued at $1,433,000 after purchasing an additional 1,475 shares in the last quarter. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Laureate Education Price Performance

LAUR traded up $0.24 on Friday, reaching $24.23. The company had a trading volume of 2,368,689 shares, compared to its average volume of 781,889. The company has a fifty day moving average of $22.81 and a 200-day moving average of $20.70. The company has a market capitalization of $3.61 billion, a P/E ratio of 12.89 and a beta of 0.62. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.10. Laureate Education has a one year low of $13.60 and a one year high of $24.57.

Analyst Upgrades and Downgrades

LAUR has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on shares of Laureate Education from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Wall Street Zen cut Laureate Education from a "buy" rating to a "hold" rating in a report on Monday, July 7th.

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.