Erste Asset Management GmbH Makes New Investment in Laureate Education, Inc. (NASDAQ:LAUR)

Erste Asset Management GmbH bought a new position in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 89,186 shares of the company's stock, valued at approximately $1,485,000. Erste Asset Management GmbH owned about 0.06% of Laureate Education at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Verition Fund Management LLC acquired a new position in shares of Laureate Education during the third quarter valued at about $309,000. Capstone Investment Advisors LLC acquired a new position in shares of Laureate Education during the third quarter valued at about $318,000. BNP Paribas Financial Markets raised its position in shares of Laureate Education by 25.5% during the third quarter. BNP Paribas Financial Markets now owns 59,826 shares of the company's stock valued at $994,000 after buying an additional 12,143 shares during the last quarter. Mirabella Financial Services LLP raised its position in shares of Laureate Education by 57.0% during the third quarter. Mirabella Financial Services LLP now owns 56,750 shares of the company's stock valued at $943,000 after buying an additional 20,600 shares during the last quarter. Finally, Cape Ann Asset Management Ltd acquired a new position in shares of Laureate Education during the third quarter valued at about $17,412,000. Institutional investors and hedge funds own 96.27% of the company's stock.

Insiders Place Their Bets

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

Laureate Education Price Performance

NASDAQ LAUR traded up $0.04 on Wednesday, reaching $18.79. The company's stock had a trading volume of 1,075,748 shares, compared to its average volume of 732,749. The firm has a market cap of $2.83 billion, a PE ratio of 11.89 and a beta of 0.82. The business has a 50-day moving average price of $17.15 and a 200 day moving average price of $15.84. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $19.98. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15.

Laureate Education (NASDAQ:LAUR - Get Free Report) last issued 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 firm had revenue of $368.60 million for 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%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. Sell-side analysts expect that Laureate Education, Inc. will post 1.42 EPS for the current year.

Analyst Ratings Changes

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

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.