TimesSquare Capital Management LLC Cuts Holdings in Laureate Education Inc. (LAUR)
TimesSquare Capital Management LLC trimmed its position in shares of Laureate Education Inc. (NASDAQ:LAUR) by 14.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,850,000 shares of the company’s stock after selling 310,000 shares during the quarter. TimesSquare Capital Management LLC owned approximately 1.10% of Laureate Education worth $32,431,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of LAUR. Kohlberg Kravis Roberts & Co. L.P. bought a new stake in Laureate Education during the 1st quarter valued at approximately $50,964,000. FMR LLC bought a new stake in shares of Laureate Education in the 1st quarter worth approximately $49,947,000. Vanguard Group Inc. bought a new stake in shares of Laureate Education in the 1st quarter worth approximately $35,401,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Laureate Education in the 2nd quarter worth approximately $21,040,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Laureate Education in the 1st quarter worth approximately $14,522,000. 20.81% of the stock is currently owned by institutional investors and hedge funds.
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A number of analysts have recently commented on LAUR shares. Piper Jaffray Companies reissued a “buy” rating and issued a $19.00 price target on shares of Laureate Education in a research report on Friday, July 21st. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price target (up from $20.00) on shares of Laureate Education in a research report on Friday, July 7th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Laureate Education presently has an average rating of “Buy” and an average price target of $17.10.
In related news, CEO Richard J. Patro sold 16,383 shares of Laureate Education stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $15.21, for a total transaction of $249,185.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Ricardo M. Berckemeyer sold 47,983 shares of Laureate Education stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $14.29, for a total transaction of $685,677.07. The disclosure for this sale can be found here. Company insiders own 13.10% of the company’s stock.
Shares of Laureate Education Inc. (NASDAQ LAUR) opened at 14.71 on Monday. Laureate Education Inc. has a 12 month low of $12.12 and a 12 month high of $18.96. The stock has a 50 day moving average price of $15.51 and a 200-day moving average price of $15.36. The company has a market capitalization of $2.48 billion and a PE ratio of 237.26.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.25. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.24 billion. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts forecast that Laureate Education Inc. will post ($0.82) EPS for the current year.
Laureate Education Company Profile
Laureate Education, Inc operates a network of degree-granting higher education institution. The Company operates in four segments: Latin America (LatAm); Europe; Asia, Middle East and Africa (AMEA), and Global Products and Services (GPS). The Company’s network includes approximately 70 institutions in over 25 countries on over 200 campuses, which the Company collectively refer to as the Laureate International Universities network.
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