Bank of New York Mellon Corp Takes Position in Laureate Education Inc. (NASDAQ:LAUR)

Bank of New York Mellon Corp acquired a new position in Laureate Education Inc. (NASDAQ:LAUR) during the first quarter, according to its most recent filing with the SEC. The fund acquired 109,579 shares of the company’s stock, valued at approximately $1,564,000. Bank of New York Mellon Corp owned approximately 0.07% of Laureate Education at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in Laureate Education during the first quarter worth approximately $148,000. Wells Fargo & Company MN acquired a new stake in shares of Laureate Education during the first quarter valued at about $1,100,000. Nationwide Fund Advisors acquired a new stake in shares of Laureate Education during the first quarter valued at about $146,000. Finally, Jennison Associates LLC purchased a new position in shares of Laureate Education during the first quarter valued at about $16,885,000.

Shares of Laureate Education Inc. (LAUR) traded up 0.21% during trading on Friday, reaching $14.16. 1,162,324 shares of the company were exchanged. The stock has a market capitalization of $2.39 billion and a price-to-earnings ratio of 19.97. Laureate Education Inc. has a one year low of $12.12 and a one year high of $18.96. The company has a 50 day moving average price of $16.72 and a 200-day moving average price of $15.26.

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.25. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.24 billion. The company’s revenue was up 3.7% on a year-over-year basis. Equities analysts predict that Laureate Education Inc. will post ($0.86) EPS for the current year.

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Several brokerages recently commented on LAUR. Zacks Investment Research raised shares of Laureate Education from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Monday, May 1st. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price objective (up previously from $20.00) on shares of Laureate Education in a research report on Friday, July 7th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $19.00 price target on shares of Laureate Education in a report on Friday, July 21st. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $17.25.

In other Laureate Education news, CEO Richard J. Patro sold 16,383 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $15.21, for a total transaction of $249,185.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.10% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Laureate Education (NASDAQ:LAUR)

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