Victory Capital Management Inc. Decreases Stock Position in Laureate Education (NASDAQ:LAUR)

Key Points

• Victory Capital Management Inc. reduced its stake in Laureate Education by 41.1%, now holding 52,910 shares valued at approximately $1,082,000.
• A number of institutional investors are increasing their positions in Laureate Education, with CWM LLC and GAMMA Investing LLC growing their holdings by 260.1% and 1,875.1%, respectively.
• Laureate Education's stock is currently valued at $22.83 and has experienced a slight decline of 0.6% on a recent trading day.

Victory Capital Management Inc. reduced its position in Laureate Education (NASDAQ:LAUR - Free Report) by 41.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,910 shares of the company's stock after selling 36,862 shares during the period. Victory Capital Management Inc.'s holdings in Laureate Education were worth $1,082,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mariner LLC increased its position in shares of Laureate Education by 3.3% during the fourth quarter. Mariner LLC now owns 16,933 shares of the company's stock worth $310,000 after acquiring an additional 541 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of Laureate Education by 1.5% during the first quarter. SummerHaven Investment Management LLC now owns 52,706 shares of the company's stock worth $1,078,000 after acquiring an additional 768 shares in the last quarter. Cannon Global Investment Management LLC increased its position in shares of Laureate Education by 4.2% during the first quarter. Cannon Global Investment Management LLC now owns 19,800 shares of the company's stock worth $405,000 after acquiring an additional 800 shares in the last quarter. Martingale Asset Management L P increased its position in shares of Laureate Education by 0.7% during the fourth quarter. Martingale Asset Management L P now owns 132,170 shares of the company's stock worth $2,417,000 after acquiring an additional 884 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Laureate Education by 4.7% during the first quarter. Nisa Investment Advisors LLC now owns 22,290 shares of the company's stock worth $456,000 after acquiring an additional 998 shares in the last quarter. Institutional investors own 96.27% of the company's stock.

Laureate Education Trading Up 1.4%

NASDAQ:LAUR traded up $0.31 during midday trading on Friday, reaching $22.91. 1,160,611 shares of the stock traded hands, compared to its average volume of 1,259,830. The company has a fifty day moving average of $22.92 and a 200 day moving average of $21.02. Laureate Education has a 12 month low of $13.60 and a 12 month high of $24.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $3.41 billion, a P/E ratio of 13.48 and a beta of 0.54.

Laureate Education (NASDAQ:LAUR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. Laureate Education had a net margin of 16.41% and a return on equity of 30.52%. The business had revenue of $524.20 million for the quarter, compared to analysts' expectations of $502.00 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research analysts predict that Laureate Education will post 1.51 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. 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 note on Monday, May 5th. Wall Street Zen upgraded shares of Laureate Education from a "hold" rating to a "strong-buy" rating in a research report on Saturday.

Laureate Education Company 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.