Charles Schwab Investment Management Inc. Grows Stake in Laureate Education, Inc. (NASDAQ:LAUR)

Charles Schwab Investment Management Inc. boosted its stake in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,181,073 shares of the company's stock after purchasing an additional 35,521 shares during the period. Charles Schwab Investment Management Inc. owned about 1.45% of Laureate Education worth $39,892,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV increased its stake in shares of 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 buying an additional 1,564 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Laureate Education by 10.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company's stock valued at $128,000 after buying an additional 673 shares during the period. Plato Investment Management Ltd purchased a new position in shares of Laureate Education during the third quarter valued at approximately $147,000. New York State Teachers Retirement System increased its stake in shares of Laureate Education by 112.8% during the fourth quarter. New York State Teachers Retirement System now owns 12,180 shares of the company's stock valued at $223,000 after buying an additional 6,455 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Laureate Education during the third quarter valued at approximately $296,000. 96.27% of the stock is owned by hedge funds and other institutional investors.

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Laureate Education Stock Up 1.0 %

LAUR stock traded up $0.20 during midday trading on Tuesday, hitting $19.52. The stock had a trading volume of 86,172 shares, compared to its average volume of 706,304. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 10.06 and a beta of 0.80. The business has a 50-day moving average of $19.26 and a two-hundred day moving average of $17.93. Laureate Education, Inc. has a 52-week low of $13.26 and a 52-week high of $21.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63.

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 the consensus estimate of $0.42 by $0.20. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. The business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $411.50 million. As a group, equities research analysts forecast that Laureate Education, Inc. will post 1.51 earnings per share for the current fiscal year.

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 dated Thursday, March 13th. The stock was sold at an average price of $17.47, for a total value of $9,098,917.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.32% of the company's stock.

Analyst Ratings Changes

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 note on Monday, February 24th.

Laureate Education 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.