Snow Phipps Group LLC Cuts Stake in Laureate Education, Inc. (NASDAQ:LAUR)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LAUR. Barclays PLC lifted its stake in shares of Laureate Education by 298.8% in the 3rd quarter. Barclays PLC now owns 230,098 shares of the company's stock worth $3,823,000 after acquiring an additional 172,405 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Laureate Education in the 4th quarter worth approximately $15,057,000. KBC Group NV raised 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 worth $111,000 after purchasing an additional 1,974 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Laureate Education in the 4th quarter worth approximately $310,000. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Laureate Education by 21.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 76,317 shares of the company's stock worth $1,390,000 after purchasing an additional 13,540 shares in the last quarter. 96.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ian Kendell Snow sold 520,831 shares of Laureate Education stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $17.47, for a total transaction of $9,098,917.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LAUR shares. BMO Capital Markets boosted their target price 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 upgraded shares of Laureate Education from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Laureate Education Price Performance

Shares of NASDAQ:LAUR traded up $0.05 during midday trading on Friday, reaching $22.31. 590,191 shares of the company's stock were exchanged, compared to its average volume of 739,235. The firm has a market capitalization of $3.32 billion, a PE ratio of 11.50 and a beta of 0.62. 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 company's 50 day simple moving average is $21.01 and its two-hundred day simple moving average is $19.78. Laureate Education, Inc. has a 12 month low of $13.60 and a 12 month 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.