Laureate Education, Inc. (NASDAQ:LAUR) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in Laureate Education, Inc. (NASDAQ:LAUR) by 90.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 44,651 shares of the company’s stock after selling 447,174 shares during the period. Hsbc Holdings PLC’s holdings in Laureate Education were worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in LAUR. Fourth Sail Capital LP increased its holdings in shares of Laureate Education by 109.3% in the 1st quarter. Fourth Sail Capital LP now owns 2,122,092 shares of the company’s stock worth $30,919,000 after acquiring an additional 1,108,142 shares during the period. Swedbank AB bought a new stake in shares of Laureate Education during the first quarter valued at approximately $11,241,000. First Pacific Advisors LP boosted its position in shares of Laureate Education by 32.5% during the first quarter. First Pacific Advisors LP now owns 813,781 shares of the company’s stock worth $11,857,000 after buying an additional 199,423 shares during the period. Harbor Capital Advisors Inc. increased its position in Laureate Education by 218.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 268,412 shares of the company’s stock valued at $4,010,000 after acquiring an additional 184,139 shares during the period. Finally, Van Berkom & Associates Inc. raised its stake in Laureate Education by 2.2% during the 2nd quarter. Van Berkom & Associates Inc. now owns 6,951,804 shares of the company’s stock valued at $103,860,000 after acquiring an additional 151,397 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors.

Laureate Education Trading Up 0.7 %

Shares of NASDAQ:LAUR opened at $16.65 on Monday. The company has a 50 day moving average of $15.36 and a 200-day moving average of $15.01. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.22. The firm has a market cap of $2.62 billion, a P/E ratio of 22.50 and a beta of 0.81. Laureate Education, Inc. has a twelve month low of $12.45 and a twelve month high of $17.60.

Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. Laureate Education had a return on equity of 21.37% and a net margin of 12.64%. The firm had revenue of $499.20 million during the quarter, compared to analyst estimates of $483.69 million. During the same period last year, the company posted $0.35 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, analysts anticipate that Laureate Education, Inc. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price target for the company. in a research note on Friday, July 26th.

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.