SG Americas Securities LLC Trims Stake in Laureate Education, Inc. (NASDAQ:LAUR)

SG Americas Securities LLC lessened its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,159 shares of the company’s stock after selling 3,263 shares during the period. SG Americas Securities LLC’s holdings in Laureate Education were worth $698,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in Laureate Education by 51.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock valued at $36,000 after acquiring an additional 763 shares during the period. Quarry LP purchased a new stake in Laureate Education in the 2nd quarter valued at about $50,000. KBC Group NV increased its position in shares of Laureate Education by 62.3% during the third quarter. KBC Group NV now owns 4,075 shares of the company’s stock worth $68,000 after acquiring an additional 1,564 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Laureate Education in the third quarter valued at approximately $95,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of Laureate Education in the third quarter valued at approximately $147,000. Institutional investors own 96.27% of the company’s stock.

Laureate Education Stock Up 0.6 %

Shares of Laureate Education stock opened at $19.06 on Friday. Laureate Education, Inc. has a 1 year low of $12.52 and a 1 year high of $19.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 12.06 and a beta of 0.83. The firm’s 50-day moving average is $18.65 and its two-hundred day moving average is $16.86.

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

Analysts Set New Price Targets

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

Insider Buying and Selling at Laureate Education

In other Laureate Education news, Director Corro Pedro Del sold 25,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.58, for a total transaction of $489,500.00. Following the completion of the sale, the director now directly owns 29,686 shares of the company’s stock, valued at approximately $581,251.88. This represents a 45.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.32% of the company’s stock.

Laureate Education Company 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.