Harbor Capital Advisors Inc. Grows Stock Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

Harbor Capital Advisors Inc. boosted its holdings in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 914,092 shares of the company's stock after purchasing an additional 89,107 shares during the quarter. Laureate Education comprises 0.7% of Harbor Capital Advisors Inc.'s holdings, making the stock its 11th largest holding. Harbor Capital Advisors Inc. owned 0.61% of Laureate Education worth $16,719,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in Laureate Education by 3.9% in the second quarter. Rhumbline Advisers now owns 198,778 shares of the company's stock worth $2,970,000 after acquiring an additional 7,502 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Laureate Education by 13.6% in the 2nd quarter. Victory Capital Management Inc. now owns 69,663 shares of the company's stock worth $1,041,000 after purchasing an additional 8,346 shares in the last quarter. Arizona State Retirement System grew its position in Laureate Education by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 37,499 shares of the company's stock valued at $560,000 after purchasing an additional 783 shares during the period. American Century Companies Inc. increased its stake in Laureate Education by 15.6% during the 2nd quarter. American Century Companies Inc. now owns 303,647 shares of the company's stock valued at $4,536,000 after purchasing an additional 41,006 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Laureate Education by 56.7% during the second quarter. Renaissance Technologies LLC now owns 330,400 shares of the company's stock worth $4,936,000 after buying an additional 119,600 shares during the last quarter. Institutional investors own 96.27% of the company's stock.

Laureate Education Stock Performance

Shares of LAUR stock traded down $0.64 during trading on Friday, hitting $18.04. The company's stock had a trading volume of 529,070 shares, compared to its average volume of 466,762. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.72 billion, a PE ratio of 11.42 and a beta of 0.83. The business has a fifty day moving average of $18.56 and a 200-day moving average of $16.44. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $19.98.

Laureate Education (NASDAQ:LAUR - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.40. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The company had revenue of $368.60 million during the quarter, compared to analyst estimates of $361.80 million. During the same quarter last year, the business posted $0.23 EPS. Laureate Education's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts anticipate that Laureate Education, Inc. will post 1.42 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Corro Pedro Del sold 25,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $19.58, for a total value of $489,500.00. Following the sale, the director now owns 29,686 shares in the company, valued at approximately $581,251.88. This trade represents a 45.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.32% of the stock is owned by insiders.

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.