Vanguard Group Inc. Purchases 187,400 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Vanguard Group Inc. raised its stake in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,986,149 shares of the company's stock after purchasing an additional 187,400 shares during the period. Vanguard Group Inc. owned 8.89% of Laureate Education worth $197,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP boosted its position in shares of Laureate Education by 380.2% in the second quarter. Quarry LP now owns 2,718 shares of the company's stock valued at $33,000 after acquiring an additional 2,152 shares during the period. Royal Bank of Canada boosted its position in shares of Laureate Education by 31.9% in the third quarter. Royal Bank of Canada now owns 3,481 shares of the company's stock valued at $37,000 after acquiring an additional 841 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Laureate Education by 21.0% in the second quarter. Parkside Financial Bank & Trust now owns 4,951 shares of the company's stock valued at $60,000 after acquiring an additional 858 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Laureate Education by 117.6% in the third quarter. Tower Research Capital LLC TRC now owns 5,519 shares of the company's stock valued at $78,000 after acquiring an additional 2,983 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Laureate Education by 178.7% in the third quarter. Federated Hermes Inc. now owns 6,767 shares of the company's stock valued at $71,000 after acquiring an additional 4,339 shares during the period. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Laureate Education Price Performance

LAUR traded up $0.07 on Friday, hitting $14.57. 755,195 shares of the stock were exchanged, compared to its average volume of 587,266. Laureate Education, Inc. has a 12 month low of $11.11 and a 12 month high of $14.81. The business has a 50-day moving average of $13.35 and a two-hundred day moving average of $13.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 22.77 and a beta of 0.73.

Laureate Education (NASDAQ:LAUR - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. The business had revenue of $409.40 million during the quarter, compared to analysts' expectations of $390.39 million. Laureate Education had a net margin of 7.26% and a return on equity of 12.69%. During the same quarter in the prior year, the business posted $0.22 earnings per share. Sell-side analysts forecast that Laureate Education, Inc. will post 1.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of Laureate Education from a "c+" rating to a "b" rating in a research report on Monday, February 26th.

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.