Insider Selling: Laureate International Universities (LAUR) Major Shareholder Sells $7,330,000.00 in Stock

Laureate International Universities (NASDAQ:LAUR) major shareholder Apollo Management Holdings Gp, sold 500,000 shares of the stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $14.66, for a total transaction of $7,330,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Apollo Management Holdings Gp, also recently made the following trade(s):

  • On Monday, May 14th, Apollo Management Holdings Gp, sold 196,136 shares of Laureate International Universities stock. The stock was sold at an average price of $14.74, for a total transaction of $2,891,044.64.
  • On Friday, May 11th, Apollo Management Holdings Gp, sold 405,000 shares of Laureate International Universities stock. The stock was sold at an average price of $14.53, for a total transaction of $5,884,650.00.
  • On Wednesday, May 9th, Apollo Management Holdings Gp, sold 93,669 shares of Laureate International Universities stock. The stock was sold at an average price of $14.08, for a total transaction of $1,318,859.52.
  • On Monday, May 7th, Apollo Management Holdings Gp, sold 771,536 shares of Laureate International Universities stock. The stock was sold at an average price of $14.19, for a total transaction of $10,948,095.84.
  • On Thursday, May 3rd, Apollo Management Holdings Gp, sold 25,982 shares of Laureate International Universities stock. The stock was sold at an average price of $14.04, for a total transaction of $364,787.28.

Laureate International Universities opened at $16.23 on Friday, Marketbeat.com reports. The stock has a market capitalization of $2.92 billion, a PE ratio of -13.53, a P/E/G ratio of 19.94 and a beta of 0.72. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.94 and a quick ratio of 0.94. Laureate International Universities has a 12 month low of $10.46 and a 12 month high of $18.96.

Laureate International Universities (NASDAQ:LAUR) last posted its earnings results on Wednesday, May 9th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $1.12. The firm had revenue of $885.30 million during the quarter, compared to analysts’ expectations of $853.02 million. Laureate International Universities had a net margin of 8.69% and a return on equity of 8.41%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.05) earnings per share. analysts anticipate that Laureate International Universities will post 0.06 EPS for the current year.

LAUR has been the topic of a number of analyst reports. ValuEngine upgraded shares of Laureate International Universities from a “strong sell” rating to a “sell” rating in a research note on Friday, April 13th. Zacks Investment Research upgraded shares of Laureate International Universities from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. Citigroup reduced their price objective on shares of Laureate International Universities to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, May 8th. Barrington Research increased their price objective on shares of Laureate International Universities from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, May 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Laureate International Universities from $18.00 to $18.50 and gave the stock an “overweight” rating in a research note on Wednesday, May 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Laureate International Universities currently has a consensus rating of “Buy” and an average target price of $18.35.

Several hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Laureate International Universities by 49.2% in the first quarter. Barclays PLC now owns 13,090 shares of the company’s stock worth $180,000 after acquiring an additional 4,315 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Laureate International Universities by 4.0% in the first quarter. Wells Fargo & Company MN now owns 165,320 shares of the company’s stock worth $2,273,000 after acquiring an additional 6,382 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Laureate International Universities by 1.3% in the first quarter. Northern Trust Corp now owns 539,953 shares of the company’s stock worth $7,425,000 after acquiring an additional 6,667 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Laureate International Universities by 16.3% in the fourth quarter. Rhumbline Advisers now owns 53,458 shares of the company’s stock worth $725,000 after acquiring an additional 7,502 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Laureate International Universities in the first quarter worth about $106,000. 29.89% of the stock is owned by hedge funds and other institutional investors.

About Laureate International Universities

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.

Insider Buying and Selling by Quarter for Laureate International Universities (NASDAQ:LAUR)

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