Cullen Capital Management LLC Boosts Position in Laureate Education, Inc. (NASDAQ:LAUR)

Cullen Capital Management LLC boosted its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 19.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 905,067 shares of the company's stock after buying an additional 145,307 shares during the period. Cullen Capital Management LLC owned approximately 0.60% of Laureate Education worth $16,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in shares of Laureate Education by 25.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 59,826 shares of the company's stock valued at $994,000 after acquiring an additional 12,143 shares during the period. Verition Fund Management LLC acquired a new stake in Laureate Education during the 3rd quarter valued at approximately $309,000. Centiva Capital LP boosted its holdings in shares of Laureate Education by 33.5% in the 3rd quarter. Centiva Capital LP now owns 30,634 shares of the company's stock valued at $509,000 after acquiring an additional 7,687 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Laureate Education in the 3rd quarter valued at $6,757,000. Finally, State Street Corp raised its holdings in shares of Laureate Education by 2.2% during the third quarter. State Street Corp now owns 3,116,661 shares of the company's stock worth $51,768,000 after purchasing an additional 68,122 shares during the last quarter. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling at Laureate Education

In other Laureate Education news, Director Ian Kendell Snow sold 520,831 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $17.47, for a total value of $9,098,917.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.32% of the stock is currently owned by insiders.

Laureate Education Price Performance

Laureate Education stock traded down $0.71 during trading on Thursday, reaching $18.86. The company had a trading volume of 189,439 shares, compared to its average volume of 752,974. 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 $2.84 billion, a PE ratio of 9.71 and a beta of 0.43. Laureate Education, Inc. has a 1-year low of $13.26 and a 1-year high of $21.73. The firm's 50-day simple moving average is $19.66 and its 200 day simple moving average is $18.43.

Laureate Education (NASDAQ:LAUR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.20. Laureate Education had a net margin of 18.92% and a return on equity of 32.35%. The firm had revenue of $423.40 million for the quarter, compared to analyst estimates of $411.50 million. As a group, equities research analysts anticipate that Laureate Education, Inc. will post 1.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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