BidaskClub Downgrades Laureate Education (NASDAQ:LAUR) to Sell

Laureate Education (NASDAQ:LAUR) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, BidAskClub reports.

LAUR has been the topic of several other research reports. ValuEngine raised shares of Laureate Education from a “strong sell” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research raised shares of Laureate Education from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Laureate Education from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Barrington Research reissued a “buy” rating and set a $22.00 price objective on shares of Laureate Education in a research note on Thursday, September 12th. Finally, Citigroup reissued a “buy” rating and set a $22.00 price objective (up previously from $19.00) on shares of Laureate Education in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.33.

Shares of NASDAQ LAUR opened at $15.62 on Friday. Laureate Education has a 1 year low of $13.58 and a 1 year high of $18.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50-day moving average is $17.14 and its 200 day moving average is $16.32. The stock has a market capitalization of $3.44 billion, a P/E ratio of -520.50, a P/E/G ratio of 1.95 and a beta of 0.17.

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.11). Laureate Education had a negative return on equity of 0.85% and a net margin of 28.57%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $998.46 million. During the same period in the previous year, the firm earned $1.00 EPS. The company’s revenue was down 1.5% on a year-over-year basis. Research analysts anticipate that Laureate Education will post 0.65 earnings per share for the current year.

In other news, CEO Paula R. Singer sold 3,348 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $16.41, for a total value of $54,940.68. Following the transaction, the chief executive officer now owns 29,926 shares in the company, valued at $491,085.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alberta Lp Wengen sold 15,000,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $16.72, for a total transaction of $250,800,000.00. The disclosure for this sale can be found here. Insiders have sold 16,007,699 shares of company stock worth $267,652,310 in the last three months. 2.97% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System bought a new position in shares of Laureate Education in the second quarter worth approximately $130,000. Man Group plc bought a new position in shares of Laureate Education in the second quarter worth approximately $192,000. ETRADE Capital Management LLC bought a new position in shares of Laureate Education in the second quarter worth approximately $195,000. CPV Partners LLC bought a new position in shares of Laureate Education in the second quarter worth approximately $225,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Laureate Education in the second quarter worth approximately $233,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

Laureate Education Company Profile

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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Analyst Recommendations for Laureate Education (NASDAQ:LAUR)

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