Corton Capital Inc. Invests $243,000 in Laureate Education, Inc. (NASDAQ:LAUR)

Corton Capital Inc. purchased a new position in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,297 shares of the company's stock, valued at approximately $243,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its stake in Laureate Education by 298.8% in the third quarter. Barclays PLC now owns 230,098 shares of the company's stock worth $3,823,000 after buying an additional 172,405 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Laureate Education by 22.2% in the 4th quarter. Nordea Investment Management AB now owns 39,441 shares of the company's stock worth $721,000 after acquiring an additional 7,156 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Laureate Education by 10.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 914,092 shares of the company's stock worth $16,719,000 after purchasing an additional 89,107 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Laureate Education by 71.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 145,274 shares of the company's stock valued at $2,657,000 after purchasing an additional 60,616 shares in the last quarter. Finally, Burney Co. purchased a new position in Laureate Education in the fourth quarter valued at about $666,000. 96.27% of the stock is currently owned by institutional investors.

Laureate Education Stock Up 0.7 %

Shares of LAUR stock traded up $0.16 during trading hours on Friday, reaching $22.90. 496,672 shares of the company's stock were exchanged, compared to its average volume of 746,854. Laureate Education, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $23.05. The stock's 50 day moving average is $19.91 and its 200-day moving average is $19.09. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 11.80 and a beta of 0.59.

Laureate Education (NASDAQ:LAUR - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.20. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $411.50 million. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. Analysts predict that Laureate Education, Inc. will post 1.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Laureate Education news, Director Ian Kendell Snow sold 520,831 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $17.47, for a total transaction of $9,098,917.57. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets increased their price target on shares of Laureate Education from $23.00 to $24.00 and gave the company an "outperform" rating in a research report on Monday, May 5th.

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.