Laureate Education, Inc. (NASDAQ:LAUR) Shares Purchased by Millennium Management LLC

Millennium Management LLC increased its position in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 94.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 237,632 shares of the company's stock after purchasing an additional 115,606 shares during the quarter. Millennium Management LLC owned 0.16% of Laureate Education worth $4,346,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its stake in Laureate Education by 21.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 76,317 shares of the company's stock worth $1,390,000 after purchasing an additional 13,540 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Laureate Education by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,181,073 shares of the company's stock worth $39,892,000 after purchasing an additional 35,521 shares during the last quarter. Raymond James Financial Inc. bought a new position in Laureate Education during the fourth quarter worth $408,000. KBC Group NV lifted its stake in Laureate Education by 48.4% during the fourth quarter. KBC Group NV now owns 6,049 shares of the company's stock worth $111,000 after purchasing an additional 1,974 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Laureate Education in the fourth quarter valued at $310,000. 96.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LAUR shares. BMO Capital Markets raised their target price on 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 Laureate Education from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Insider Activity

In other news, Director Ian Kendell Snow sold 520,831 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $17.47, for a total transaction of $9,098,917.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company's stock.

Laureate Education Stock Performance

Shares of LAUR traded down $0.17 during trading hours on Tuesday, reaching $22.57. 524,231 shares of the company's stock traded hands, compared to its average volume of 742,247. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 11.63 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63. Laureate Education, Inc. has a twelve month low of $13.60 and a twelve month high of $23.61. The business's fifty day simple moving average is $20.90 and its two-hundred day simple moving average is $19.71.

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.