Assenagon Asset Management S.A. Has $1.41 Million Stock Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

Assenagon Asset Management S.A. cut its holdings in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 76.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,658 shares of the company's stock after selling 276,434 shares during the period. Assenagon Asset Management S.A. owned approximately 0.05% of Laureate Education worth $1,406,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LAUR. Swedbank AB boosted its holdings in Laureate Education by 225.8% in the third quarter. Swedbank AB now owns 2,513,300 shares of the company's stock worth $41,746,000 after purchasing an additional 1,741,800 shares in the last quarter. First Pacific Advisors LP boosted its holdings in Laureate Education by 32.5% in the first quarter. First Pacific Advisors LP now owns 813,781 shares of the company's stock worth $11,857,000 after purchasing an additional 199,423 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Laureate Education by 218.5% in the second quarter. Harbor Capital Advisors Inc. now owns 268,412 shares of the company's stock worth $4,010,000 after purchasing an additional 184,139 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in Laureate Education by 2.2% during the second quarter. Van Berkom & Associates Inc. now owns 6,951,804 shares of the company's stock valued at $103,860,000 after acquiring an additional 151,397 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Laureate Education by 1.0% during the first quarter. Vanguard Group Inc. now owns 14,231,273 shares of the company's stock valued at $207,350,000 after acquiring an additional 136,865 shares during the period. 96.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley cut shares of Laureate Education from an "overweight" rating to an "equal weight" rating and set a $17.00 price target for the company. in a report on Friday, July 26th. BMO Capital Markets upped 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.

Laureate Education Stock Down 1.6 %

LAUR stock opened at $16.90 on Friday. The company has a 50-day moving average of $15.78 and a two-hundred day moving average of $15.26. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 10.70 and a beta of 0.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.76 and a quick ratio of 0.76. Laureate Education, Inc. has a 52-week low of $12.45 and a 52-week high of $18.39.

Laureate Education (NASDAQ:LAUR - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.40. The business had revenue of $368.60 million during the quarter, compared to analyst estimates of $361.80 million. Laureate Education had a net margin of 12.64% and a return on equity of 21.37%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. As a group, equities research analysts anticipate that Laureate Education, Inc. will post 1.41 EPS for the current year.

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.