Handelsbanken Fonder AB Has $2.53 Million Stock Position in Laureate Education (NASDAQ:LAUR)

Handelsbanken Fonder AB reduced its position in Laureate Education (NASDAQ:LAUR - Free Report) by 10.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 123,572 shares of the company's stock after selling 15,000 shares during the period. Handelsbanken Fonder AB owned about 0.08% of Laureate Education worth $2,527,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. North of South Capital LLP bought a new position in shares of Laureate Education during the fourth quarter worth approximately $22,973,000. Union Bancaire Privee UBP SA bought a new stake in shares of Laureate Education during the fourth quarter worth $15,057,000. Brandywine Global Investment Management LLC bought a new stake in shares of Laureate Education during the fourth quarter worth $9,353,000. Renaissance Technologies LLC grew its stake in shares of Laureate Education by 2,702.0% during the fourth quarter. Renaissance Technologies LLC now owns 285,800 shares of the company's stock worth $5,227,000 after buying an additional 275,600 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Laureate Education by 18.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,663,351 shares of the company's stock worth $30,424,000 after buying an additional 263,418 shares during the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LAUR shares. BMO Capital Markets boosted their target price on shares of Laureate Education from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Wall Street Zen raised shares of Laureate Education from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Laureate Education Trading Up 0.2%

Shares of Laureate Education stock traded up $0.05 during trading on Tuesday, hitting $22.45. The company's stock had a trading volume of 895,429 shares, compared to its average volume of 742,221. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.58 and a quick ratio of 0.58. Laureate Education has a 52 week low of $13.60 and a 52 week high of $23.61. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 11.94 and a beta of 0.62. The stock has a 50-day moving average price of $21.40 and a two-hundred day moving average price of $19.92.

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.