Laureate Education Inc. (LAUR) Shares Sold by Balyasny Asset Management LLC

Balyasny Asset Management LLC reduced its position in Laureate Education Inc. (NASDAQ:LAUR) by 66.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,959 shares of the company’s stock after selling 377,691 shares during the quarter. Balyasny Asset Management LLC owned approximately 0.11% of Laureate Education worth $3,312,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Laureate Education in the second quarter valued at about $122,000. Legal & General Group Plc increased its holdings in Laureate Education by 61.2% in the second quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock valued at $150,000 after buying an additional 3,240 shares during the last quarter. First Mercantile Trust Co. bought a new stake in Laureate Education in the second quarter valued at about $150,000. Nationwide Fund Advisors bought a new stake in Laureate Education in the first quarter valued at about $146,000. Finally, Stifel Financial Corp bought a new stake in Laureate Education in the first quarter valued at about $147,000. 20.81% of the stock is owned by hedge funds and other institutional investors.

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In other Laureate Education news, CEO Richard J. Patro sold 16,383 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Ricardo M. Berckemeyer sold 47,983 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was 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. 13.10% of the stock is owned by company insiders.

Several analysts recently weighed in on LAUR shares. Piper Jaffray Companies reissued a “buy” rating and issued a $17.00 price objective on shares of Laureate Education in a report on Tuesday, August 29th. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price objective (up from $20.00) on shares of Laureate Education in a report on Friday, July 7th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Laureate Education currently has an average rating of “Buy” and an average price target of $17.28.

Laureate Education Inc. (NASDAQ:LAUR) opened at 14.01 on Wednesday. The stock’s 50 day moving average price is $14.48 and its 200 day moving average price is $14.48. Laureate Education Inc. has a 12-month low of $12.12 and a 12-month high of $15.20. The company has a market capitalization of $2.36 billion and a price-to-earnings ratio of 197.32.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.25). The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Laureate Education’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts anticipate that Laureate Education Inc. will post ($0.89) earnings per share for the current fiscal year.

Laureate Education Company Profile

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Laureate Education in the second quarter valued at about $122,000. Legal & General Group Plc increased its holdings in Laureate Education by 61.2% in the second quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock valued at $150,000 after buying an additional 3,240 shares during the last quarter. First Mercantile Trust Co. bought a new stake in Laureate Education in the second quarter valued at about $150,000. Nationwide Fund Advisors bought a new stake in Laureate Education in the first quarter valued at about $146,000. Finally, Stifel Financial Corp bought a new stake in Laureate Education in the first quarter valued at about $147,000. 20.81% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Laureate Education Inc. (LAUR) Shares Sold by Balyasny Asset Management LLC” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://ledgergazette.com/2017/10/11/laureate-education-inc-laur-shares-sold-by-balyasny-asset-management-llc.html.

In other Laureate Education news, CEO Richard J. Patro sold 16,383 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Ricardo M. Berckemeyer sold 47,983 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was 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. 13.10% of the stock is owned by company insiders.

Several analysts recently weighed in on LAUR shares. Piper Jaffray Companies reissued a “buy” rating and issued a $17.00 price objective on shares of Laureate Education in a report on Tuesday, August 29th. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price objective (up from $20.00) on shares of Laureate Education in a report on Friday, July 7th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Laureate Education currently has an average rating of “Buy” and an average price target of $17.28.

Laureate Education Inc. (NASDAQ:LAUR) opened at 14.01 on Wednesday. The stock’s 50 day moving average price is $14.48 and its 200 day moving average price is $14.48. Laureate Education Inc. has a 12-month low of $12.12 and a 12-month high of $15.20. The company has a market capitalization of $2.36 billion and a price-to-earnings ratio of 197.32.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.25). The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Laureate Education’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts anticipate that Laureate Education Inc. will post ($0.89) earnings per share for the current fiscal year.

Laureate Education Company Profile

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).

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

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