Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in Laureate Education, Inc. (NASDAQ:LAUR)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Laureate Education, Inc. (NASDAQ:LAUR) by 30.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 32,336 shares of the company’s stock after buying an additional 7,530 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Laureate Education were worth $443,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Peregrine Capital Management LLC bought a new stake in Laureate Education during the 4th quarter valued at approximately $873,000. Nisa Investment Advisors LLC raised its stake in Laureate Education by 24.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 40,280 shares of the company’s stock valued at $552,000 after purchasing an additional 7,875 shares during the period. Asset Management One Co. Ltd. bought a new stake in Laureate Education during the 4th quarter valued at approximately $980,000. Raymond James & Associates bought a new stake in Laureate Education during the 4th quarter valued at approximately $316,000. Finally, Nordea Investment Management AB bought a new stake in Laureate Education during the 4th quarter valued at approximately $390,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet raised Laureate Education from a “c+” rating to a “b” rating in a research note on Monday, February 26th.

Laureate Education Stock Performance

NASDAQ LAUR opened at $14.98 on Friday. The stock has a market capitalization of $2.36 billion, a PE ratio of 23.41 and a beta of 0.74. The business has a 50 day simple moving average of $14.11 and a two-hundred day simple moving average of $13.61. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.50 and a quick ratio of 0.50. Laureate Education, Inc. has a 1-year low of $11.34 and a 1-year high of $15.06.

Laureate Education (NASDAQ:LAUR) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.12). The firm had revenue of $275.40 million for the quarter, compared to analysts’ expectations of $269.35 million. Laureate Education had a net margin of 7.26% and a return on equity of 12.69%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.17) EPS. On average, research analysts predict that Laureate Education, Inc. will post 1.29 EPS for the current fiscal year.

Laureate Education Profile

Laureate Education, Inc, together with its subsidiaries, offers higher education programs and services to students through a network of universities and higher education institutions. The company provides a range of undergraduate and graduate degree programs in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.