Wellington Management Group LLP Has $91.37 Million Position in Laureate Education, Inc. (NASDAQ:LAUR)

Wellington Management Group LLP trimmed its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,995,382 shares of the company’s stock after selling 223,155 shares during the quarter. Wellington Management Group LLP owned approximately 3.32% of Laureate Education worth $91,366,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. J.Safra Asset Management Corp grew its stake in shares of Laureate Education by 34.4% during the fourth quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company’s stock worth $61,000 after buying an additional 866 shares during the last quarter. KBC Group NV grew its position in Laureate Education by 48.4% during the 4th quarter. KBC Group NV now owns 6,049 shares of the company’s stock worth $111,000 after acquiring an additional 1,974 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Laureate Education by 10.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company’s stock worth $128,000 after purchasing an additional 673 shares in the last quarter. Nomura Asset Management Co. Ltd. bought a new position in Laureate Education in the fourth quarter valued at about $216,000. Finally, New York State Teachers Retirement System boosted its stake in shares of Laureate Education by 112.8% during the fourth quarter. New York State Teachers Retirement System now owns 12,180 shares of the company’s stock valued at $223,000 after purchasing an additional 6,455 shares in the last quarter. Institutional investors own 96.27% of the company’s stock.

Laureate Education Stock Performance

Shares of Laureate Education stock opened at $18.98 on Friday. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 9.78 and a beta of 0.43. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15. Laureate Education, Inc. has a twelve month low of $13.26 and a twelve month high of $21.73. The company’s fifty day moving average is $19.65 and its 200 day moving average is $18.35.

Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. The company had revenue of $423.40 million during the quarter, compared to the consensus estimate of $411.50 million. Sell-side analysts forecast that Laureate Education, Inc. will post 1.51 EPS for the current year.

Insider Transactions at Laureate Education

In related news, Director Ian Kendell Snow sold 520,831 shares of Laureate Education stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $17.47, for a total transaction of $9,098,917.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upped their price objective on Laureate Education from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, February 24th.

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.