Royal Bank of Canada Decreases Stock Position in Laureate Education, Inc. (NASDAQ:LAUR)

Royal Bank of Canada cut its stake in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 846,500 shares of the company's stock after selling 51,942 shares during the quarter. Royal Bank of Canada owned approximately 0.56% of Laureate Education worth $15,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in LAUR. J.Safra Asset Management Corp lifted its holdings in shares of Laureate Education by 34.4% during the fourth quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company's stock valued at $61,000 after acquiring an additional 866 shares during the period. KBC Group NV raised its holdings in Laureate Education by 48.4% in the fourth quarter. KBC Group NV now owns 6,049 shares of the company's stock worth $111,000 after purchasing an additional 1,974 shares during the period. Parkside Financial Bank & Trust raised its stake in Laureate Education by 10.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company's stock worth $128,000 after buying an additional 673 shares during the period. Nomura Asset Management Co. Ltd. acquired a new stake in Laureate Education during the 4th quarter worth approximately $216,000. Finally, New York State Teachers Retirement System raised its holdings in shares of Laureate Education by 112.8% during the fourth quarter. New York State Teachers Retirement System now owns 12,180 shares of the company's stock worth $223,000 after acquiring an additional 6,455 shares during the period. Institutional investors and hedge funds own 96.27% of the company's stock.

Insiders Place Their Bets

In related news, Director Ian Kendell Snow sold 520,831 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $17.47, for a total transaction of $9,098,917.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LAUR shares. BMO Capital Markets upped their target price on 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 raised shares of Laureate Education from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Laureate Education Trading Up 0.2%

Shares of NASDAQ:LAUR traded up $0.05 during mid-day trading on Friday, hitting $22.42. The company had a trading volume of 811,653 shares, compared to its average volume of 744,285. The firm has a fifty day moving average price of $20.81 and a 200 day moving average price of $19.65. The company has a market capitalization of $3.34 billion, a PE ratio of 11.56 and a beta of 0.59. 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 one year low of $13.60 and a one year high of $23.61.

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.