Ian Kendell Snow Sells 2,114,928 Shares of Laureate Education, Inc. (NASDAQ:LAUR) Stock

Laureate Education, Inc. (NASDAQ:LAUR) Director Ian Kendell Snow sold 2,114,928 shares of the firm’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is accessible through this link.

Laureate Education Stock Performance

NASDAQ LAUR opened at $16.32 on Friday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 22.05 and a beta of 0.75. Laureate Education, Inc. has a twelve month low of $11.34 and a twelve month high of $16.37. The stock has a fifty day simple moving average of $14.33 and a 200 day simple moving average of $13.65. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.19.

Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.12). The company had revenue of $275.40 million during the quarter, compared to analyst estimates of $269.35 million. Laureate Education had a net margin of 8.19% and a return on equity of 13.98%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.17) EPS. Sell-side analysts expect that Laureate Education, Inc. will post 1.29 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Laureate Education in the 1st quarter valued at $648,000. ProShare Advisors LLC boosted its position in Laureate Education by 8.5% during the first quarter. ProShare Advisors LLC now owns 23,554 shares of the company’s stock valued at $343,000 after acquiring an additional 1,853 shares during the last quarter. Hohimer Wealth Management LLC acquired a new stake in Laureate Education during the 1st quarter worth about $371,000. SG Americas Securities LLC bought a new position in shares of Laureate Education in the 1st quarter worth about $151,000. Finally, Nordea Investment Management AB lifted its stake in shares of Laureate Education by 18.1% in the 1st quarter. Nordea Investment Management AB now owns 33,804 shares of the company’s stock valued at $493,000 after purchasing an additional 5,176 shares during the period. Institutional investors own 96.27% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet upgraded 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.