Victory Capital Management Inc. Sells 36,862 Shares of 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. decreased its holdings in Laureate Education (NASDAQ:LAUR - Free Report) by 41.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,910 shares of the company's stock after selling 36,862 shares during the quarter. Victory Capital Management Inc.'s holdings in Laureate Education were worth $1,082,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in LAUR. Blue Trust Inc. acquired a new position in shares of Laureate Education in the 1st quarter valued at $62,000. Avanza Fonder AB acquired a new position in shares of Laureate Education in the 1st quarter valued at $93,000. CWM LLC raised its stake in shares of Laureate Education by 260.1% in the 1st quarter. CWM LLC now owns 4,901 shares of the company's stock valued at $100,000 after buying an additional 3,540 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Laureate Education in the 1st quarter valued at $102,000. Finally, GAMMA Investing LLC raised its stake in shares of Laureate Education by 1,875.1% in the 1st quarter. GAMMA Investing LLC now owns 6,340 shares of the company's stock valued at $130,000 after buying an additional 6,019 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company's stock.

Laureate Education Price Performance

Shares of Laureate Education stock traded up $0.31 during mid-day trading on Friday, reaching $22.91. 1,160,611 shares of the stock were exchanged, compared to its average volume of 864,412. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 12.19 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. The firm has a 50-day simple moving average of $22.90 and a 200 day simple moving average of $20.97. Laureate Education has a fifty-two week low of $13.60 and a fifty-two week high of $24.57.

Laureate Education (NASDAQ:LAUR - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.06. Laureate Education had a net margin of 18.84% and a return on equity of 31.57%. The business had revenue of $524.20 million during the quarter, compared to analysts' expectations of $502.00 million. During the same quarter last year, the company posted $0.65 EPS. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts predict that Laureate Education will post 1.51 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LAUR. Wall Street Zen cut shares of Laureate Education from a "buy" rating to a "hold" rating in a research note on Monday, July 7th. BMO Capital Markets increased their target price on shares of Laureate Education from $23.00 to $24.00 and gave the stock 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.