Laureate Education, Inc. (NASDAQ:LAUR) Stock Position Lifted by Swedbank AB

Swedbank AB lifted its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 225.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,513,300 shares of the company’s stock after acquiring an additional 1,741,800 shares during the quarter. Swedbank AB owned about 1.67% of Laureate Education worth $41,746,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of Laureate Education by 3.2% in the third quarter. Nisa Investment Advisors LLC now owns 22,174 shares of the company’s stock valued at $368,000 after buying an additional 682 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Laureate Education by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,753 shares of the company’s stock worth $1,117,000 after acquiring an additional 759 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Laureate Education by 51.0% during the third quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock worth $36,000 after purchasing an additional 763 shares during the period. Arizona State Retirement System boosted its stake in shares of Laureate Education by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 37,499 shares of the company’s stock valued at $560,000 after buying an additional 783 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in Laureate Education by 1.4% in the third quarter. Asset Management One Co. Ltd. now owns 62,777 shares of the company’s stock valued at $1,043,000 after purchasing an additional 896 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, BMO Capital Markets lifted their target price on shares of Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

Laureate Education Trading Up 1.3 %

NASDAQ:LAUR opened at $19.52 on Monday. Laureate Education, Inc. has a 12 month low of $12.45 and a 12 month high of $19.58. The company’s 50 day moving average is $16.79 and its 200-day moving average is $15.69. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 12.35 and a beta of 0.82.

Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.16 by $0.40. The company had revenue of $368.60 million for the quarter, compared to the consensus estimate of $361.80 million. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. Equities analysts anticipate that Laureate Education, Inc. will post 1.42 EPS for the current 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.