Nitorum Capital L.P. Reduces Position in Laureate Education, Inc. (NASDAQ:LAUR)

Nitorum Capital L.P. lessened its stake in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,128,280 shares of the company's stock after selling 276,499 shares during the period. Laureate Education comprises about 2.4% of Nitorum Capital L.P.'s holdings, making the stock its 21st largest holding. Nitorum Capital L.P. owned approximately 0.75% of Laureate Education worth $20,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. J.Safra Asset Management Corp increased 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 purchasing an additional 866 shares during the period. KBC Group NV increased its holdings in Laureate Education by 48.4% during the 4th quarter. KBC Group NV now owns 6,049 shares of the company's stock valued at $111,000 after purchasing an additional 1,974 shares during the period. Parkside Financial Bank & Trust increased its holdings in Laureate Education by 10.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company's stock valued at $128,000 after purchasing an additional 673 shares during the period. Nomura Asset Management Co. Ltd. purchased a new position in Laureate Education during the 4th quarter valued at about $216,000. Finally, 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 valued at $223,000 after purchasing an additional 6,455 shares during the period. Institutional investors own 96.27% of the company's stock.

Laureate Education Stock Up 3.2 %

Shares of LAUR stock traded up $0.65 during midday trading on Thursday, reaching $20.72. 361,209 shares of the stock were exchanged, compared to its average volume of 752,323. Laureate Education, Inc. has a 1 year low of $13.26 and a 1 year high of $21.73. The company's 50 day moving average is $19.53 and its two-hundred day moving average is $18.76. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.12 billion, a PE ratio of 10.68 and a beta of 0.43.

Laureate Education (NASDAQ:LAUR - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, topping 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 firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $411.50 million. On average, equities research analysts predict that Laureate Education, Inc. will post 1.51 EPS for the current year.

Analysts Set New Price Targets

Separately, BMO Capital Markets boosted their price target on Laureate Education from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, February 24th.

Insiders Place Their Bets

In other Laureate Education news, Director Ian Kendell Snow sold 520,831 shares of the company's stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company's stock.

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.