Swedbank AB Boosts Stock Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

Swedbank AB grew its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 225.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,513,300 shares of the company's stock after purchasing an additional 1,741,800 shares during the period. Swedbank AB owned approximately 1.59% of Laureate Education worth $41,746,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LAUR. The Manufacturers Life Insurance Company raised its stake in Laureate Education by 1.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,753 shares of the company's stock worth $1,117,000 after acquiring an additional 759 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Laureate Education by 24.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,889 shares of the company's stock worth $57,000 after buying an additional 764 shares during the last quarter. Arizona State Retirement System boosted its holdings in Laureate Education by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 37,499 shares of the company's stock worth $560,000 after buying an additional 783 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Laureate Education by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 61,738 shares of the company's stock worth $922,000 after purchasing an additional 958 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Laureate Education by 4.6% in the 2nd quarter. Mackenzie Financial Corp now owns 22,399 shares of the company's stock worth $335,000 after purchasing an additional 981 shares in the last quarter. Hedge funds and other institutional investors own 96.27% of the company's stock.

Laureate Education Trading Up 0.4 %

Laureate Education stock traded up $0.06 during trading on Thursday, hitting $15.72. The company had a trading volume of 494,215 shares, compared to its average volume of 738,262. Laureate Education, Inc. has a 1-year low of $12.45 and a 1-year high of $17.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.22. The company's 50 day simple moving average is $15.56 and its 200-day simple moving average is $15.16. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 21.03 and a beta of 0.82.

Laureate Education (NASDAQ:LAUR - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. The business had revenue of $499.20 million during the quarter, compared to the consensus estimate of $483.69 million. Laureate Education had a net margin of 12.64% and a return on equity of 21.37%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, analysts expect that Laureate Education, Inc. will post 1.41 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Morgan Stanley lowered shares of Laureate Education from an "overweight" rating to an "equal weight" rating and set a $17.00 price target on the stock. in a research report on Friday, July 26th.

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.