Wells Fargo & Company MN Increases Holdings in Laureate Education Inc (LAUR)
Wells Fargo & Company MN raised its stake in Laureate Education Inc (NASDAQ:LAUR) by 24.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,021 shares of the company’s stock after acquiring an additional 21,470 shares during the period. Wells Fargo & Company MN’s holdings in Laureate Education were worth $1,571,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Trexquant Investment LP bought a new stake in Laureate Education in the 3rd quarter valued at $473,000. JPMorgan Chase & Co. bought a new stake in Laureate Education in the 3rd quarter valued at $1,119,000. Dynamic Technology Lab Private Ltd bought a new stake in Laureate Education in the 3rd quarter valued at $481,000. SG Americas Securities LLC bought a new stake in Laureate Education in the 3rd quarter valued at $138,000. Finally, Quantbot Technologies LP increased its holdings in Laureate Education by 407.7% in the 3rd quarter. Quantbot Technologies LP now owns 35,486 shares of the company’s stock valued at $516,000 after acquiring an additional 28,497 shares during the last quarter. Institutional investors own 28.36% of the company’s stock.
Shares of Laureate Education Inc (LAUR) opened at $15.05 on Friday. Laureate Education Inc has a fifty-two week low of $10.46 and a fifty-two week high of $18.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.94. The firm has a market cap of $2,785.51 and a PE ratio of -9.90.
LAUR has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Laureate Education from a “sell” rating to a “hold” rating in a report on Wednesday. Robert W. Baird restated a “buy” rating and issued a $18.00 target price on shares of Laureate Education in a report on Wednesday. ValuEngine upgraded shares of Laureate Education from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Barclays reduced their target price on shares of Laureate Education from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Monday, November 20th. Finally, Morgan Stanley set a $18.00 target price on shares of Laureate Education and gave the stock a “buy” rating in a report on Thursday, November 16th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $17.07.
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About Laureate Education
Laureate Education, Inc provides higher education programs and services to students through an international network of licensed universities and higher education institutions (institutions). The Company’s programs are provided through institutions that are campus-based and Internet-based, or through electronically distributed educational programs (online).
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