Wellington Management Group LLP Sells 146,761 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Wellington Management Group LLP trimmed its position in Laureate Education, Inc. (NASDAQ:LAUR) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,996,713 shares of the company’s stock after selling 146,761 shares during the period. Wellington Management Group LLP owned 4.44% of Laureate Education worth $95,925,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quarry LP lifted its holdings in shares of Laureate Education by 52.4% during the 4th quarter. Quarry LP now owns 2,683 shares of the company’s stock worth $37,000 after acquiring an additional 923 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Laureate Education by 33.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 6,584 shares of the company’s stock worth $93,000 after acquiring an additional 1,633 shares during the last quarter. CenterBook Partners LP bought a new stake in shares of Laureate Education during the 4th quarter worth $195,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Laureate Education by 30.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 16,758 shares of the company’s stock worth $230,000 after acquiring an additional 3,901 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Laureate Education during the 3rd quarter worth $245,000. 96.27% of the stock is owned by institutional investors.

Insider Activity at Laureate Education

In related news, Director Ian Kendell Snow sold 2,114,928 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $14.64, for a total transaction of $30,962,545.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Corro Pedro Del sold 5,957 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $16.31, for a total transaction of $97,158.67. Following the transaction, the director now owns 46,729 shares in the company, valued at $762,149.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ian Kendell Snow sold 2,114,928 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $14.64, for a total transaction of $30,962,545.92. The disclosure for this sale can be found here. Insiders have sold 2,122,190 shares of company stock worth $31,080,297 over the last 90 days. 2.32% of the stock is owned by company insiders.

Laureate Education Price Performance

LAUR stock opened at $13.98 on Friday. The firm’s 50-day moving average price is $15.09 and its two-hundred day moving average price is $14.04. Laureate Education, Inc. has a 12-month low of $11.34 and a 12-month high of $16.60. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 18.89 and a beta of 0.78. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.19.

Laureate Education (NASDAQ:LAUR) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). Laureate Education had a net margin of 8.19% and a return on equity of 13.98%. The firm had revenue of $275.40 million during the quarter, compared to analysts’ expectations of $269.35 million. During the same quarter in the previous year, the firm posted ($0.17) EPS. Laureate Education’s revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts predict that Laureate Education, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

Separately, TheStreet raised shares of Laureate Education from a “c+” rating to a “b” rating in a report on Monday, February 26th.

About Laureate Education

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.