Laureate Education, Inc. (NASDAQ:LAUR) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,136 shares of the company's stock after purchasing an additional 18,695 shares during the quarter. Wells Fargo & Company MN owned approximately 0.07% of Laureate Education worth $2,051,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. North of South Capital LLP bought a new position in Laureate Education in the fourth quarter worth about $22,973,000. Union Bancaire Privee UBP SA purchased a new position in shares of Laureate Education in the 4th quarter worth approximately $15,057,000. Brandywine Global Investment Management LLC bought a new position in shares of Laureate Education during the 4th quarter worth approximately $9,353,000. Teacher Retirement System of Texas lifted its position in Laureate Education by 132.7% during the fourth quarter. Teacher Retirement System of Texas now owns 430,817 shares of the company's stock valued at $7,880,000 after acquiring an additional 245,707 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its stake in Laureate Education by 32.6% in the fourth quarter. Alberta Investment Management Corp now owns 849,008 shares of the company's stock valued at $15,528,000 after acquiring an additional 208,572 shares in the last quarter. Hedge funds and other institutional investors own 96.27% of the company's stock.

Insider Activity

In other Laureate Education news, Director Ian Kendell Snow sold 520,831 shares of Laureate Education stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

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

Laureate Education Stock Down 1.4 %

Laureate Education stock traded down $0.28 during midday trading on Wednesday, reaching $20.08. The company's stock had a trading volume of 291,996 shares, compared to its average volume of 780,577. Laureate Education, Inc. has a 52-week low of $13.26 and a 52-week high of $21.73. The stock has a market capitalization of $3.03 billion, a P/E ratio of 10.35 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 stock's 50-day simple moving average is $19.52 and its 200-day simple moving average is $18.75.

Laureate Education (NASDAQ:LAUR - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.20. Laureate Education had a net margin of 18.92% and a return on equity of 32.35%. The company had revenue of $423.40 million during the quarter, compared to analysts' expectations of $411.50 million. On average, sell-side analysts expect that Laureate Education, Inc. will post 1.51 EPS for the current year.

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.