Renaissance Technologies LLC boosted its stake in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 2,702.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 285,800 shares of the company's stock after purchasing an additional 275,600 shares during the period. Renaissance Technologies LLC owned about 0.19% of Laureate Education worth $5,227,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its stake in shares of Laureate Education by 10.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company's stock valued at $128,000 after buying an additional 673 shares in the last quarter. J.Safra Asset Management Corp boosted its holdings in Laureate Education by 34.4% during the 4th quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company's stock valued at $61,000 after acquiring an additional 866 shares during the period. MBM Wealth Consultants LLC grew its position in Laureate Education by 6.0% in the 4th quarter. MBM Wealth Consultants LLC now owns 17,622 shares of the company's stock valued at $320,000 after acquiring an additional 990 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Laureate Education by 3.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 47,558 shares of the company's stock worth $870,000 after purchasing an additional 1,606 shares during the period. Finally, KBC Group NV lifted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 96.27% of the company's stock.
Analyst Upgrades and Downgrades
Separately, BMO Capital Markets lifted their price objective on shares of Laureate Education from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, February 24th.
Read Our Latest Stock Analysis on LAUR
Laureate Education Stock Down 0.4 %
Shares of NASDAQ LAUR traded down $0.08 during mid-day trading on Friday, hitting $19.53. The company had a trading volume of 61,566 shares, compared to its average volume of 753,044. Laureate Education, Inc. has a 1-year low of $13.26 and a 1-year high of $21.73. The company has a market capitalization of $2.94 billion, a PE ratio of 10.08 and a beta of 0.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63. The business's 50-day simple moving average is $19.55 and its 200 day simple moving average is $18.64.
Laureate Education (NASDAQ:LAUR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.20. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $411.50 million. On average, analysts predict that Laureate Education, Inc. will post 1.51 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Ian Kendell Snow sold 520,831 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $17.47, for a total value of $9,098,917.57. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by insiders.
About Laureate Education
(
Free Report)
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.
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