KLP Kapitalforvaltning AS Makes New Investment in Laureate Education, Inc. (NASDAQ:LAUR)

KLP Kapitalforvaltning AS purchased a new stake in Laureate Education, Inc. (NASDAQ:LAUR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 51,200 shares of the company’s stock, valued at approximately $936,000.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Laureate Education by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,185,347 shares of the company’s stock valued at $52,918,000 after acquiring an additional 10,447 shares during the period. State Street Corp boosted its position in Laureate Education by 2.2% during the third quarter. State Street Corp now owns 3,116,661 shares of the company’s stock worth $51,768,000 after purchasing an additional 68,122 shares in the last quarter. Boston Partners grew its holdings in Laureate Education by 5.3% in the fourth quarter. Boston Partners now owns 2,584,925 shares of the company’s stock valued at $47,497,000 after purchasing an additional 130,172 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Laureate Education by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,181,073 shares of the company’s stock valued at $39,892,000 after buying an additional 35,521 shares in the last quarter. Finally, Marathon Asset Management Ltd raised its stake in shares of Laureate Education by 0.8% during the 4th quarter. Marathon Asset Management Ltd now owns 1,703,742 shares of the company’s stock worth $31,161,000 after buying an additional 14,110 shares during the last quarter. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Laureate Education news, Director Ian Kendell Snow sold 520,831 shares of Laureate Education stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $17.47, for a total value of $9,098,917.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.32% of the company’s stock.

Laureate Education Price Performance

Shares of NASDAQ:LAUR opened at $20.45 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. The business’s fifty day moving average price is $19.53 and its two-hundred day moving average price is $18.27. The stock has a market cap of $3.08 billion, a PE ratio of 10.54 and a beta of 0.80. Laureate Education, Inc. has a one year low of $13.26 and a one year high of $21.73.

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.20. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. The business had revenue of $423.40 million for the quarter, compared to analyst estimates of $411.50 million. On average, analysts forecast that Laureate Education, Inc. will post 1.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets raised their target price on shares of Laureate Education from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, February 24th.

About Laureate Education

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.