Prudential Financial Inc. Raises Stock Position in Laureate Education, Inc. (NASDAQ:LAUR)

Prudential Financial Inc. lifted its position in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 918.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,522 shares of the company's stock after purchasing an additional 92,460 shares during the period. Prudential Financial Inc. owned about 0.07% of Laureate Education worth $1,875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. J.Safra Asset Management Corp lifted its holdings in Laureate Education by 34.4% during the 4th quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company's stock worth $61,000 after buying an additional 866 shares during the last quarter. KBC Group NV raised its position in shares of Laureate Education by 48.4% during the 4th quarter. KBC Group NV now owns 6,049 shares of the company's stock worth $111,000 after acquiring an additional 1,974 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Laureate Education by 10.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company's stock worth $128,000 after acquiring an additional 673 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Laureate Education by 112.8% during the fourth quarter. New York State Teachers Retirement System now owns 12,180 shares of the company's stock worth $223,000 after purchasing an additional 6,455 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new position in Laureate Education in the fourth quarter valued at approximately $223,000. Institutional investors and hedge funds own 96.27% of the company's stock.

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Insider Activity

In other Laureate Education news, Director Ian Kendell Snow sold 520,831 shares of the firm'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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.32% of the company's stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets boosted their price objective on shares of 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 Stock Performance

NASDAQ LAUR traded up $1.22 during trading hours on Wednesday, hitting $19.56. The company had a trading volume of 1,167,593 shares, compared to its average volume of 755,162. The business has a 50 day moving average of $19.66 and a 200-day moving average of $18.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. Laureate Education, Inc. has a 1-year low of $13.26 and a 1-year high of $21.73. The company has a market cap of $2.95 billion, a PE ratio of 10.08 and a beta of 0.43.

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

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.