KLP Kapitalforvaltning AS Invests $936,000 in Laureate Education, Inc. (NASDAQ:LAUR)

KLP Kapitalforvaltning AS acquired a new position in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 51,200 shares of the company's stock, valued at approximately $936,000.

A number of other hedge funds have also bought and sold shares of the business. Asset Management One Co. Ltd. increased its position in shares of Laureate Education by 21.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 76,317 shares of the company's stock valued at $1,390,000 after buying an additional 13,540 shares during the period. Charles Schwab Investment Management Inc. grew its position in Laureate Education by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,181,073 shares of the company's stock worth $39,892,000 after acquiring an additional 35,521 shares in the last quarter. Burney Co. bought a new stake in Laureate Education during the fourth quarter worth about $666,000. KBC Group NV boosted its holdings in shares of Laureate Education by 48.4% in the 4th quarter. KBC Group NV now owns 6,049 shares of the company's stock worth $111,000 after purchasing an additional 1,974 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Laureate Education in the 4th quarter worth about $310,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets boosted their target price on Laureate Education from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, February 24th.

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Laureate Education Trading Down 6.2 %

NASDAQ:LAUR traded down $1.27 during trading hours on Friday, reaching $19.02. The company's stock had a trading volume of 690,264 shares, compared to its average volume of 771,357. 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 firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 9.81 and a beta of 0.43. The firm has a 50-day simple moving average of $19.64 and a 200-day simple moving average of $18.34. Laureate Education, Inc. has a 1 year low of $13.26 and a 1 year high of $21.73.

Laureate Education (NASDAQ:LAUR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.42 by $0.20. The firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $411.50 million. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. Research analysts expect that Laureate Education, Inc. will post 1.51 EPS for the current fiscal year.

Insider Activity

In related news, Director Ian Kendell Snow sold 520,831 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $17.47, for a total transaction of $9,098,917.57. 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.

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.