Laureate Education (NASDAQ:LAUR) Downgraded to “Strong Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Laureate Education (NASDAQ:LAUR) from a hold rating to a strong sell rating in a report published on Wednesday, Zacks.com reports.

According to Zacks, “Laureate Education, Inc. is a degree-granting higher education institutions. The company offers high-quality undergraduate, graduate and specialized programs. Laureate Education, Inc. is headquartered in Baltimore, Maryland. “

Several other equities analysts also recently commented on the company. Barrington Research restated a buy rating and issued a $22.00 price objective on shares of Laureate Education in a research report on Thursday, September 12th. BidaskClub upgraded Laureate Education from a sell rating to a hold rating in a research report on Friday, December 13th. ValuEngine upgraded Laureate Education from a strong sell rating to a sell rating in a research report on Tuesday, December 3rd. Finally, TheStreet downgraded Laureate Education from a b rating to a c+ rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $21.33.

NASDAQ:LAUR opened at $17.81 on Wednesday. The stock has a 50-day simple moving average of $17.30 and a two-hundred day simple moving average of $16.70. Laureate Education has a 52-week low of $14.32 and a 52-week high of $18.57. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82.

Laureate Education (NASDAQ:LAUR) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.49). Laureate Education had a net margin of 28.67% and a negative return on equity of 0.22%. The company had revenue of $773.70 million for the quarter, compared to the consensus estimate of $781.12 million. During the same period in the prior year, the firm posted ($0.42) EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities analysts predict that Laureate Education will post 0.35 earnings per share for the current year.

In other news, CEO Paula R. Singer sold 3,349 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $15.47, for a total value of $51,809.03. Following the transaction, the chief executive officer now directly owns 19,880 shares in the company, valued at $307,543.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Juan Jose Hurtado sold 7,500 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.84, for a total value of $126,300.00. Following the completion of the transaction, the senior vice president now owns 14,596 shares in the company, valued at $245,796.64. The disclosure for this sale can be found here. Insiders sold 165,358 shares of company stock worth $2,881,514 over the last 90 days. Company insiders own 2.97% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Laureate Education by 23.9% in the second quarter. Vanguard Group Inc. now owns 9,435,084 shares of the company’s stock worth $148,225,000 after buying an additional 1,817,734 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Laureate Education by 4.4% in the second quarter. Van Berkom & Associates Inc. now owns 4,965,511 shares of the company’s stock worth $78,008,000 after buying an additional 207,143 shares in the last quarter. Select Equity Group L.P. lifted its position in shares of Laureate Education by 80.6% in the third quarter. Select Equity Group L.P. now owns 4,064,996 shares of the company’s stock worth $67,377,000 after buying an additional 1,814,274 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its position in shares of Laureate Education by 6.8% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,145,000 shares of the company’s stock worth $52,128,000 after buying an additional 200,000 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Laureate Education by 9.3% in the third quarter. State Street Corp now owns 2,094,123 shares of the company’s stock worth $34,710,000 after buying an additional 177,887 shares in the last quarter. Institutional investors own 56.93% of the company’s stock.

About Laureate Education

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It operates through five segments: Brazil, Mexico, Andean, Rest of World, and Online & Partnerships. The company offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.

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