Jennison Associates LLC Purchases 325,900 Shares of Laureate Education Inc (LAUR)

Share on StockTwits

Jennison Associates LLC raised its position in Laureate Education Inc (NASDAQ:LAUR) by 19.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,023,114 shares of the company’s stock after buying an additional 325,900 shares during the quarter. Jennison Associates LLC’s holdings in Laureate Education were worth $30,832,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System purchased a new position in Laureate Education in the 4th quarter worth approximately $163,000. Rhumbline Advisers boosted its stake in shares of Laureate Education by 66.1% during the 4th quarter. Rhumbline Advisers now owns 137,522 shares of the company’s stock valued at $2,096,000 after buying an additional 54,746 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Laureate Education by 73.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,061 shares of the company’s stock valued at $123,000 after buying an additional 3,413 shares during the last quarter. Daiwa SB Investments Ltd. boosted its stake in shares of Laureate Education by 5.7% during the 4th quarter. Daiwa SB Investments Ltd. now owns 831,648 shares of the company’s stock valued at $12,674,000 after buying an additional 44,903 shares during the last quarter. Finally, Vanguard Group Inc boosted its stake in shares of Laureate Education by 7.6% during the 3rd quarter. Vanguard Group Inc now owns 6,001,634 shares of the company’s stock valued at $92,664,000 after buying an additional 425,706 shares during the last quarter. 36.57% of the stock is currently owned by institutional investors.

In other Laureate Education news, CEO Paula R. Singer sold 7,703 shares of the stock in a transaction on Friday, December 14th. The stock was sold at an average price of $14.74, for a total value of $113,542.22. Following the sale, the chief executive officer now directly owns 45,255 shares of the company’s stock, valued at $667,058.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.59% of the stock is owned by company insiders.

Shares of LAUR opened at $14.78 on Thursday. Laureate Education Inc has a 12-month low of $12.70 and a 12-month high of $17.15. The firm has a market cap of $3.32 billion, a P/E ratio of 32.17, a PEG ratio of 2.48 and a beta of 0.46. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.28.

LAUR has been the subject of several research analyst reports. TheStreet upgraded Laureate Education from a “d-” rating to a “c” rating in a research note on Thursday, January 17th. ValuEngine upgraded Laureate Education from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Barrington Research reiterated a “buy” rating and set a $20.00 target price on shares of Laureate Education in a research note on Monday, November 12th. Citigroup reiterated a “buy” rating and set a $19.00 target price on shares of Laureate Education in a research note on Wednesday, December 12th. Finally, Zacks Investment Research upgraded Laureate Education from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, January 2nd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Laureate Education has an average rating of “Buy” and a consensus price target of $18.30.

ILLEGAL ACTIVITY NOTICE: “Jennison Associates LLC Purchases 325,900 Shares of Laureate Education Inc (LAUR)” was published by Macon Daily and is the property of of Macon Daily. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://macondaily.com/2019/02/21/jennison-associates-llc-purchases-325900-shares-of-laureate-education-inc-laur.html.

Laureate Education Company Profile

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.

Recommended Story: Net Income

Want to see what other hedge funds are holding LAUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Laureate Education Inc (NASDAQ:LAUR).

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

Receive News & Ratings for Laureate Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laureate Education and related companies with MarketBeat.com's FREE daily email newsletter.