Laureate Education, Inc. (NASDAQ:LAUR) Shares Sold by Engine Capital Management LP

Engine Capital Management LP cut its stake in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 21.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,919,969 shares of the company's stock after selling 513,357 shares during the period. Laureate Education comprises approximately 6.4% of Engine Capital Management LP's portfolio, making the stock its 6th largest position. Engine Capital Management LP owned approximately 1.27% of Laureate Education worth $35,116,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. J.Safra Asset Management Corp grew its position in Laureate Education by 34.4% during the fourth quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company's stock worth $61,000 after buying an additional 866 shares during the period. KBC Group NV raised its stake in Laureate Education by 48.4% during 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 lifted its stake in shares of Laureate Education by 10.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company's stock valued at $128,000 after purchasing an additional 673 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new position in shares of Laureate Education in the 4th quarter valued at $216,000. Finally, New York State Teachers Retirement System raised its stake in shares of Laureate Education by 112.8% in the 4th quarter. New York State Teachers Retirement System now owns 12,180 shares of the company's stock valued at $223,000 after acquiring an additional 6,455 shares during the period. 96.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Ian Kendell Snow sold 520,831 shares of Laureate Education stock in a transaction dated Thursday, March 13th. The shares were 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 accessible through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Laureate Education Stock Performance

NASDAQ LAUR traded up $0.06 during midday trading on Wednesday, hitting $22.53. The company had a trading volume of 301,114 shares, compared to its average volume of 745,952. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $20.02 and a two-hundred day simple moving average of $19.21. Laureate Education, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $23.61. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 11.61 and a beta of 0.59.

Laureate Education (NASDAQ:LAUR - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.20. Laureate Education had a net margin of 18.92% and a return on equity of 32.35%. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $411.50 million. Equities analysts forecast that Laureate Education, Inc. will post 1.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, 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 research report on Monday, May 5th.

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.