Laureate Education (NASDAQ:LAUR) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Laureate Education (NASDAQ:LAURGet Rating) from a hold rating to a buy rating in a report issued on Tuesday, Zacks.com reports. The firm currently has $13.00 price target on the stock.

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. “

Shares of LAUR stock opened at $11.49 on Tuesday. The stock has a market capitalization of $2.05 billion, a P/E ratio of 6.80 and a beta of 0.81. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $11.94 and its 200 day moving average is $11.72. Laureate Education has a 12 month low of $9.41 and a 12 month high of $19.02.

Laureate Education (NASDAQ:LAURGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.18). The business had revenue of $296.70 million for the quarter, compared to analysts’ expectations of $295.70 million. Laureate Education had a net margin of 28.42% and a negative return on equity of 6.59%. On average, equities analysts predict that Laureate Education will post 0.61 EPS for the current year.

In other Laureate Education news, COO Marcelo Cardoso sold 37,779 shares of the stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of $12.26, for a total value of $463,170.54. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Eilif Serck-Hanssen sold 173,761 shares of the stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $12.01, for a total transaction of $2,086,869.61. The disclosure for this sale can be found here. Corporate insiders own 2.44% of the company’s stock.

Several large investors have recently modified their holdings of LAUR. Kohlberg Kravis Roberts & Co. L.P. increased its holdings in shares of Laureate Education by 264.9% in the 4th quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 32,842,183 shares of the company’s stock worth $401,988,000 after buying an additional 23,842,575 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Laureate Education by 80.4% in the 1st quarter. Vanguard Group Inc. now owns 10,900,035 shares of the company’s stock worth $129,165,000 after buying an additional 4,858,080 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Laureate Education by 1,206.7% in the 4th quarter. Millennium Management LLC now owns 2,312,525 shares of the company’s stock worth $28,305,000 after buying an additional 2,135,548 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Laureate Education in the 1st quarter worth $17,009,000. Finally, Citigroup Inc. increased its holdings in shares of Laureate Education by 5,507.2% in the 4th quarter. Citigroup Inc. now owns 1,344,160 shares of the company’s stock worth $16,452,000 after buying an additional 1,320,188 shares during the last quarter. 72.85% of the stock is currently owned by hedge funds and other institutional investors.

About Laureate Education (Get Rating)

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. The company offers 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.

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