BNP Paribas Financial Markets Sells 42,844 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

BNP Paribas Financial Markets cut its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 71.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,982 shares of the company's stock after selling 42,844 shares during the period. BNP Paribas Financial Markets' holdings in Laureate Education were worth $311,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. North of South Capital LLP bought a new position in Laureate Education in the 4th quarter worth $22,973,000. Union Bancaire Privee UBP SA bought a new position in Laureate Education in the 4th quarter worth $15,057,000. Brandywine Global Investment Management LLC bought a new position in Laureate Education in the 4th quarter worth $9,353,000. Renaissance Technologies LLC raised its holdings in Laureate Education by 2,702.0% in the 4th quarter. Renaissance Technologies LLC now owns 285,800 shares of the company's stock worth $5,227,000 after purchasing an additional 275,600 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Laureate Education by 18.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,663,351 shares of the company's stock worth $30,424,000 after purchasing an additional 263,418 shares during the period. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Laureate Education Price Performance

Shares of Laureate Education stock traded up $0.05 during trading on Friday, reaching $22.42. 811,653 shares of the stock traded hands, compared to its average volume of 744,285. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 11.56 and a beta of 0.59. The business has a fifty day simple moving average of $20.81 and a two-hundred day simple moving average of $19.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63. Laureate Education, Inc. has a 52-week low of $13.60 and a 52-week high of $23.61.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Laureate Education from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. BMO Capital Markets increased their price target on Laureate Education from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th.

Insider Buying and Selling

In related news, Director Ian Kendell Snow sold 520,831 shares of Laureate Education stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $17.47, for a total value of $9,098,917.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by company insiders.

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.