Capstone Investment Advisors LLC Takes Position in Laureate Education, Inc. (NASDAQ:LAUR)

Capstone Investment Advisors LLC purchased a new position in shares of Laureate Education, Inc. (NASDAQ:LAUR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,149 shares of the company’s stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LAUR. Price T Rowe Associates Inc. MD raised its holdings in shares of Laureate Education by 81.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 156,438 shares of the company’s stock valued at $2,280,000 after buying an additional 70,121 shares during the last quarter. Swedbank AB acquired a new position in Laureate Education in the 1st quarter valued at about $11,241,000. Harbor Capital Advisors Inc. raised its stake in Laureate Education by 207.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 824,985 shares of the company’s stock valued at $13,703,000 after acquiring an additional 556,573 shares during the last quarter. Renaissance Technologies LLC lifted its position in Laureate Education by 56.7% during the 2nd quarter. Renaissance Technologies LLC now owns 330,400 shares of the company’s stock worth $4,936,000 after acquiring an additional 119,600 shares during the period. Finally, Mondrian Investment Partners LTD purchased a new position in shares of Laureate Education in the 2nd quarter valued at approximately $1,633,000. 96.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Corro Pedro Del sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $19.58, for a total transaction of $489,500.00. Following the sale, the director now owns 29,686 shares of the company’s stock, valued at $581,251.88. The trade was a 45.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.32% of the company’s stock.

Analyst Ratings Changes

Separately, BMO Capital Markets upped their price target on Laureate Education from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st.

Laureate Education Stock Up 0.4 %

Shares of NASDAQ:LAUR opened at $19.00 on Friday. Laureate Education, Inc. has a fifty-two week low of $12.45 and a fifty-two week high of $19.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15. The firm’s 50-day simple moving average is $17.02 and its 200-day simple moving average is $15.79. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 12.03 and a beta of 0.82.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.40. The company had revenue of $368.60 million for the quarter, compared to analyst estimates of $361.80 million. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. As a group, equities research analysts predict that Laureate Education, Inc. will post 1.42 earnings per share for the current year.

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.