JPMorgan Chase & Co. Sells 353,641 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

JPMorgan Chase & Co. cut its holdings in Laureate Education, Inc. (NASDAQ:LAUR) by 27.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 928,983 shares of the company’s stock after selling 353,641 shares during the period. JPMorgan Chase & Co. owned approximately 0.62% of Laureate Education worth $15,430,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Laureate Education by 0.3% in the third quarter. Geode Capital Management LLC now owns 3,185,347 shares of the company’s stock valued at $52,918,000 after buying an additional 10,447 shares during the period. State Street Corp lifted its position in shares of Laureate Education by 2.2% during the 3rd quarter. State Street Corp now owns 3,116,661 shares of the company’s stock valued at $51,768,000 after acquiring an additional 68,122 shares during the period. Engine Capital Management LP lifted its position in shares of Laureate Education by 3.7% during the 2nd quarter. Engine Capital Management LP now owns 2,927,487 shares of the company’s stock valued at $43,737,000 after acquiring an additional 104,232 shares during the period. Swedbank AB boosted its stake in Laureate Education by 225.8% during the third quarter. Swedbank AB now owns 2,513,300 shares of the company’s stock worth $41,746,000 after acquiring an additional 1,741,800 shares in the last quarter. Finally, Fourth Sail Capital LP grew its holdings in Laureate Education by 2.3% in the second quarter. Fourth Sail Capital LP now owns 2,170,727 shares of the company’s stock worth $32,431,000 after purchasing an additional 48,635 shares during the period. 96.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Laureate Education

In other Laureate Education news, Director Corro Pedro Del sold 25,000 shares of Laureate Education stock in a transaction on Monday, November 25th. The shares were sold at an average price of $19.58, for a total transaction of $489,500.00. Following the transaction, the director now directly owns 29,686 shares of the company’s stock, valued at $581,251.88. The trade was a 45.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.32% of the stock is owned by insiders.

Laureate Education Trading Down 3.4 %

NASDAQ LAUR opened at $18.04 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $19.98. The business has a 50 day moving average price of $18.58 and a 200-day moving average price of $16.47. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 11.42 and a beta of 0.83.

Laureate Education (NASDAQ:LAUR) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.40. The firm had revenue of $368.60 million for the quarter, compared to the consensus estimate of $361.80 million. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. As a group, equities analysts expect that Laureate Education, Inc. will post 1.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upped their price objective on shares of Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 1st.

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.