Nitorum Capital L.P. Sells 276,499 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Nitorum Capital L.P. cut its holdings in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,128,280 shares of the company's stock after selling 276,499 shares during the period. Laureate Education comprises approximately 2.4% of Nitorum Capital L.P.'s investment portfolio, making the stock its 21st biggest holding. Nitorum Capital L.P. owned approximately 0.75% of Laureate Education worth $20,636,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LAUR. Barclays PLC raised its holdings in shares of Laureate Education by 298.8% in the third quarter. Barclays PLC now owns 230,098 shares of the company's stock valued at $3,823,000 after purchasing an additional 172,405 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Laureate Education by 22.2% in the fourth quarter. Nordea Investment Management AB now owns 39,441 shares of the company's stock valued at $721,000 after buying an additional 7,156 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Laureate Education by 10.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 914,092 shares of the company's stock valued at $16,719,000 after buying an additional 89,107 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Laureate Education by 71.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 145,274 shares of the company's stock valued at $2,657,000 after buying an additional 60,616 shares in the last quarter. Finally, Burney Co. bought a new position in shares of Laureate Education in the fourth quarter valued at $666,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets raised their target price on shares of Laureate Education from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, February 24th.

Insiders Place Their Bets

In other news, Director Ian Kendell Snow sold 520,831 shares of the business's 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Laureate Education Price Performance

Shares of NASDAQ:LAUR remained flat at $19.74 during midday trading on Monday. 536,096 shares of the company traded hands, compared to its average volume of 753,568. Laureate Education, Inc. has a twelve month low of $13.26 and a twelve month high of $21.73. 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 business has a 50 day moving average of $19.54 and a 200-day moving average of $18.74. The firm has a market capitalization of $2.98 billion, a P/E ratio of 10.18 and a beta of 0.43.

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 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 during the quarter, compared to analysts' expectations of $411.50 million. As a group, equities analysts predict that Laureate Education, Inc. will post 1.51 earnings per share 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.