Bank of New York Mellon Corp Sells 32,035 Shares of Laureate Education (NASDAQ:LAUR)

Bank of New York Mellon Corp trimmed its holdings in Laureate Education (NASDAQ:LAUR - Free Report) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,387,401 shares of the company's stock after selling 32,035 shares during the period. Bank of New York Mellon Corp owned 0.92% of Laureate Education worth $28,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LAUR. Raymond James Financial Inc. acquired a new stake in shares of Laureate Education in the fourth quarter valued at approximately $408,000. Cibc World Markets Corp acquired a new stake in shares of Laureate Education in the fourth quarter valued at approximately $223,000. Boston Partners raised its position in shares of Laureate Education by 5.3% in the fourth quarter. Boston Partners now owns 2,584,925 shares of the company's stock valued at $47,497,000 after buying an additional 130,172 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Laureate Education by 132.7% in the fourth quarter. Teacher Retirement System of Texas now owns 430,817 shares of the company's stock valued at $7,880,000 after buying an additional 245,707 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Laureate Education by 9.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 179,255 shares of the company's stock valued at $3,279,000 after buying an additional 15,559 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Laureate Education from a "buy" rating to a "hold" rating in a research report on Monday, July 7th. BMO Capital Markets lifted their price objective on shares of Laureate Education from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Monday, May 5th.

Laureate Education Price Performance

NASDAQ:LAUR traded up $0.29 during mid-day trading on Thursday, reaching $23.99. The stock had a trading volume of 2,073,867 shares, compared to its average volume of 773,955. The stock has a 50-day simple moving average of $22.76 and a two-hundred day simple moving average of $20.60. The stock has a market capitalization of $3.57 billion, a PE ratio of 12.76 and a beta of 0.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.58 and a quick ratio of 0.58. Laureate Education has a 12 month low of $13.60 and a 12 month high of $24.42.

Laureate Education Company 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.