Burney Co. Takes $666,000 Position in Laureate Education, Inc. (NASDAQ:LAUR)

Burney Co. bought a new position in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 36,436 shares of the company's stock, valued at approximately $666,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp raised its position in shares of Laureate Education by 51.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,259 shares of the company's stock valued at $36,000 after buying an additional 763 shares in the last quarter. Quarry LP bought a new position in Laureate Education in the second quarter valued at approximately $50,000. KBC Group NV raised its position in Laureate Education by 62.3% during the third quarter. KBC Group NV now owns 4,075 shares of the company's stock valued at $68,000 after purchasing an additional 1,564 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Laureate Education during the third quarter valued at approximately $95,000. Finally, Plato Investment Management Ltd acquired a new position in Laureate Education during the third quarter valued at approximately $147,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Laureate Education Trading Down 0.5 %

Shares of LAUR traded down $0.09 during mid-day trading on Friday, reaching $18.74. 428,819 shares of the company were exchanged, compared to its average volume of 482,677. The business has a 50 day simple moving average of $18.63 and a two-hundred day simple moving average of $16.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $2.82 billion, a PE ratio of 11.86 and a beta of 0.83. Laureate Education, Inc. has a 52 week low of $12.52 and a 52 week high of $19.98.

Laureate Education (NASDAQ:LAUR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.40. The company had revenue of $368.60 million during the quarter, compared to analysts' expectations of $361.80 million. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. Laureate Education's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share. On average, analysts predict that Laureate Education, Inc. will post 1.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Corro Pedro Del sold 25,000 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.58, for a total value of $489,500.00. Following the completion of the sale, the director now directly owns 29,686 shares in the company, valued at $581,251.88. This trade represents a 45.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.32% of the company's stock.

Wall Street Analyst Weigh In

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

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.