Handelsbanken Fonder AB Sells 15,000 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Handelsbanken Fonder AB reduced its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 10.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,572 shares of the company's stock after selling 15,000 shares during the quarter. Handelsbanken Fonder AB owned about 0.08% of Laureate Education worth $2,527,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LAUR. Union Bancaire Privee UBP SA purchased a new stake in shares of Laureate Education during the 4th quarter valued at approximately $15,057,000. Allspring Global Investments Holdings LLC bought a new stake in Laureate Education during the 4th quarter worth approximately $310,000. Asset Management One Co. Ltd. increased its holdings in Laureate Education by 21.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 76,317 shares of the company's stock worth $1,390,000 after acquiring an additional 13,540 shares during the period. New York State Teachers Retirement System increased its holdings in Laureate Education by 112.8% during the 4th quarter. New York State Teachers Retirement System now owns 12,180 shares of the company's stock worth $223,000 after acquiring an additional 6,455 shares during the period. Finally, Alberta Investment Management Corp increased its holdings in Laureate Education by 32.6% during the 4th quarter. Alberta Investment Management Corp now owns 849,008 shares of the company's stock worth $15,528,000 after acquiring an additional 208,572 shares during the period. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LAUR has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on shares of Laureate Education from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Wall Street Zen raised shares of Laureate Education from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Laureate Education Price Performance

Shares of NASDAQ:LAUR traded up $0.07 during trading on Friday, reaching $22.12. The company had a trading volume of 677,416 shares, compared to its average volume of 740,378. The company has a fifty day moving average of $21.26 and a two-hundred day moving average of $19.87. The stock has a market capitalization of $3.29 billion, a P/E ratio of 11.40 and a beta of 0.62. Laureate Education, Inc. has a 12 month low of $13.60 and a 12 month high of $23.61. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15.

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.