Fmr LLC Grows Position in Laureate Education, Inc. (NASDAQ:LAUR)

Fmr LLC boosted its holdings in Laureate Education, Inc. (NASDAQ:LAUR) by 18.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,365,726 shares of the company’s stock after acquiring an additional 2,875,747 shares during the quarter. Fmr LLC owned about 9.38% of Laureate Education worth $266,487,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Squarepoint Ops LLC raised its position in Laureate Education by 3.6% in the first quarter. Squarepoint Ops LLC now owns 28,195 shares of the company’s stock worth $383,000 after acquiring an additional 991 shares in the last quarter. Principal Financial Group Inc. lifted its position in Laureate Education by 10.0% during the second quarter. Principal Financial Group Inc. now owns 12,202 shares of the company’s stock worth $177,000 after buying an additional 1,106 shares during the period. Public Employees Retirement System of Ohio lifted its position in Laureate Education by 15.1% during the first quarter. Public Employees Retirement System of Ohio now owns 8,907 shares of the company’s stock worth $121,000 after buying an additional 1,167 shares during the period. AlphaCrest Capital Management LLC lifted its position in Laureate Education by 4.2% during the first quarter. AlphaCrest Capital Management LLC now owns 35,128 shares of the company’s stock worth $477,000 after buying an additional 1,403 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in Laureate Education by 17.5% during the second quarter. Teacher Retirement System of Texas now owns 13,297 shares of the company’s stock worth $193,000 after buying an additional 1,985 shares during the period. Hedge funds and other institutional investors own 54.18% of the company’s stock.

Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Laureate Education from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday. BMO Capital Markets initiated coverage on Laureate Education in a report on Wednesday, September 15th. They issued an “outperform” rating and a $20.00 price objective on the stock. TheStreet upgraded Laureate Education from a “d” rating to a “c” rating in a report on Friday, August 20th. Finally, Morgan Stanley initiated coverage on Laureate Education in a report on Friday, September 10th. They issued an “overweight” rating and a $20.40 price objective on the stock.

Shares of NASDAQ:LAUR opened at $17.29 on Thursday. The company has a market cap of $3.26 billion, a P/E ratio of -5.98 and a beta of 0.75. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.45 and a current ratio of 1.45. Laureate Education, Inc. has a one year low of $11.79 and a one year high of $19.02. The business’s 50-day simple moving average is $16.54 and its 200 day simple moving average is $15.06.

Laureate Education (NASDAQ:LAUR) last announced its earnings results on Thursday, August 5th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.32). Laureate Education had a negative net margin of 57.00% and a negative return on equity of 16.84%. The company had revenue of $327.60 million for the quarter, compared to analysts’ expectations of $313.20 million. Analysts predict that Laureate Education, Inc. will post -0.82 earnings per share for the current year.

The firm also recently disclosed a dividend, which will be paid on Friday, October 29th. Shareholders of record on Wednesday, October 6th will be paid a dividend of $7.01 per share. The ex-dividend date is Tuesday, October 5th.

Laureate Education Company Profile

Laureate Education, Inc engages in the provision of higher educational services to undergraduate and graduate degree programs. It operates through the following segments: Brazil, Mexico, Rest of the World, Andean, and Online & Partnerships. The Brazil, Mexico, and Rest of the World segments include public and private higher education institutions.

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Institutional Ownership by Quarter for Laureate Education (NASDAQ:LAUR)

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