Wellington Management Group LLP Sells 223,155 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Wellington Management Group LLP trimmed its position in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,995,382 shares of the company's stock after selling 223,155 shares during the quarter. Wellington Management Group LLP owned 3.31% of Laureate Education worth $91,366,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its position in Laureate Education by 298.8% in the 3rd quarter. Barclays PLC now owns 230,098 shares of the company's stock valued at $3,823,000 after buying an additional 172,405 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Laureate Education in the 4th quarter valued at $15,057,000. KBC Group NV raised its position in 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 buying an additional 1,974 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Laureate Education in the 4th quarter valued at $310,000. Finally, Asset Management One Co. Ltd. raised its position in Laureate Education by 21.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 76,317 shares of the company's stock valued at $1,390,000 after buying an additional 13,540 shares during the last quarter. 96.27% of the stock is owned by institutional investors and hedge funds.

Laureate Education Stock Performance

Shares of Laureate Education stock traded up $0.24 during trading hours on Monday, hitting $22.74. 515,867 shares of the company's stock traded hands, compared to its average volume of 743,372. Laureate Education, Inc. has a 12-month low of $13.60 and a 12-month high of $23.61. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 11.72 and a beta of 0.59. The company has a fifty day simple moving average of $20.86 and a 200-day simple moving average of $19.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Ian Kendell Snow sold 520,831 shares of the stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

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.