Burney Co. Buys 11,875 Shares of Laureate Education (NASDAQ:LAUR)

Key Points

• Burney Co. increased its stake in Laureate Education by 32.6% during the first quarter, now holding 48,311 shares valued at $988,000.
• Several other institutional investors also acquired shares of Laureate Education, with notable increases in ownership percentages from firms like CWM LLC and GAMMA Investing LLC.
• Wall Street analysts are mixed on Laureate Education, with BMO Capital Markets raising its price target to $24.00 while Wall Street Zen downgraded the stock from a "buy" to a "hold" rating.

Burney Co. increased its holdings in Laureate Education (NASDAQ:LAUR - Free Report) by 32.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,311 shares of the company's stock after buying an additional 11,875 shares during the quarter. Burney Co.'s holdings in Laureate Education were worth $988,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Laureate Education in the fourth quarter worth approximately $408,000. Cibc World Markets Corp purchased a new stake in shares of Laureate Education in the fourth quarter valued at $223,000. American Century Companies Inc. increased its stake in shares of Laureate Education by 7.1% in the fourth quarter. American Century Companies Inc. now owns 353,748 shares of the company's stock worth $6,470,000 after acquiring an additional 23,372 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Laureate Education in the fourth quarter worth $936,000. Finally, Prudential Financial Inc. increased its position in Laureate Education by 918.9% during the fourth quarter. Prudential Financial Inc. now owns 102,522 shares of the company's stock worth $1,875,000 after buying an additional 92,460 shares during the last quarter. 96.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LAUR. Wall Street Zen downgraded Laureate Education from a "buy" rating to a "hold" rating in a research report on Monday, July 7th. BMO Capital Markets raised their price target on shares of Laureate Education from $23.00 to $24.00 and gave the company an "outperform" rating in a report on Monday, May 5th.

Laureate Education Trading Down 1.0%

Shares of LAUR stock traded down $0.24 on Monday, hitting $23.04. The stock had a trading volume of 287,633 shares, compared to its average volume of 851,646. The firm has a market cap of $3.43 billion, a P/E ratio of 12.25 and a beta of 0.62. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.10. Laureate Education has a twelve month low of $13.60 and a twelve month high of $24.57. The company has a fifty day moving average price of $22.85 and a two-hundred day moving average price of $20.88.

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.