Snow Phipps Group LLC Sells 520,833 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Snow Phipps Group LLC lessened its position in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 19.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,175,510 shares of the company's stock after selling 520,833 shares during the period. Laureate Education comprises 15.1% of Snow Phipps Group LLC's holdings, making the stock its 2nd largest position. Snow Phipps Group LLC owned approximately 1.44% of Laureate Education worth $44,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. J.Safra Asset Management Corp grew its position in Laureate Education by 34.4% in the fourth quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company's stock valued at $61,000 after purchasing an additional 866 shares in the last quarter. KBC Group NV grew its holdings in shares of Laureate Education by 48.4% in the 4th quarter. KBC Group NV now owns 6,049 shares of the company's stock valued at $111,000 after acquiring an additional 1,974 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Laureate Education by 10.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company's stock valued at $128,000 after acquiring an additional 673 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Laureate Education by 1,875.1% in the first quarter. GAMMA Investing LLC now owns 6,340 shares of the company's stock valued at $130,000 after acquiring an additional 6,019 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. bought a new stake in Laureate Education during the fourth quarter worth about $216,000. Institutional investors and hedge funds own 96.27% of the company's stock.

Insider Buying and Selling at Laureate Education

In other news, Director Ian Kendell Snow sold 520,831 shares of Laureate Education 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 through this link. Corporate insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

LAUR has been the subject of a number of analyst reports. 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 raised their target price 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 Stock Performance

NASDAQ:LAUR traded down $0.02 during mid-day trading on Friday, hitting $22.24. The stock had a trading volume of 315,610 shares, compared to its average volume of 772,961. Laureate Education, Inc. has a twelve month low of $13.60 and a twelve month high of $23.61. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 11.46 and a beta of 0.59. The company's 50 day simple moving average is $20.98 and its 200 day simple moving average is $19.75.

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.