Charles Schwab Investment Management Inc. Raises Stock Position in Laureate Education, Inc. (NASDAQ:LAUR)

Charles Schwab Investment Management Inc. increased its stake in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,145,552 shares of the company's stock after purchasing an additional 80,570 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.42% of Laureate Education worth $35,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in shares of Laureate Education in the 2nd quarter valued at about $25,000. Van ECK Associates Corp raised its holdings 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 purchasing an additional 763 shares during the period. Quarry LP bought a new stake in shares of Laureate Education in the 2nd quarter valued at about $50,000. KBC Group NV raised its holdings in Laureate Education by 62.3% in the 3rd quarter. KBC Group NV now owns 4,075 shares of the company's stock valued at $68,000 after acquiring an additional 1,564 shares during the period. Finally, New York State Teachers Retirement System bought a new position in Laureate Education in the 3rd quarter valued at about $95,000. 96.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Laureate Education Trading Down 0.4 %

Shares of LAUR stock traded down $0.08 during trading hours on Tuesday, hitting $18.75. 707,775 shares of the company's stock traded hands, compared to its average volume of 731,277. The stock's 50 day simple moving average is $17.11 and its 200 day simple moving average is $15.82. The stock has a market cap of $2.83 billion, a PE ratio of 11.87 and a beta of 0.82. Laureate Education, Inc. has a 12 month low of $12.45 and a 12 month high of $19.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15.

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

Insider Activity

In related news, Director Corro Pedro Del sold 25,000 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.58, for a total transaction of $489,500.00. Following the transaction, the director now directly owns 29,686 shares in the company, valued at approximately $581,251.88. The trade was a 45.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.32% of the company's stock.

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.