Harbor Capital Advisors Inc. Buys 556,573 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Harbor Capital Advisors Inc. lifted its position in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 207.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 824,985 shares of the company's stock after acquiring an additional 556,573 shares during the period. Laureate Education makes up about 0.6% of Harbor Capital Advisors Inc.'s portfolio, making the stock its 27th largest holding. Harbor Capital Advisors Inc. owned approximately 0.52% of Laureate Education worth $13,703,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in shares of Laureate Education in the 3rd quarter valued at approximately $95,000. Nisa Investment Advisors LLC increased its holdings in shares of Laureate Education by 3.2% during the third quarter. Nisa Investment Advisors LLC now owns 22,174 shares of the company's stock worth $368,000 after buying an additional 682 shares in the last quarter. Marathon Asset Management Ltd boosted its holdings in shares of Laureate Education by 1.6% during the 3rd quarter. Marathon Asset Management Ltd now owns 1,689,632 shares of the company's stock valued at $28,065,000 after acquiring an additional 26,814 shares in the last quarter. Swedbank AB grew its position in Laureate Education by 225.8% during the 3rd quarter. Swedbank AB now owns 2,513,300 shares of the company's stock worth $41,746,000 after acquiring an additional 1,741,800 shares during the last quarter. Finally, Creative Planning acquired a new position in Laureate Education in the 3rd quarter worth about $181,000. 96.27% of the stock is owned by institutional investors.

Laureate Education Trading Down 1.6 %

NASDAQ LAUR traded down $0.28 during mid-day trading on Friday, reaching $16.90. 591,529 shares of the stock were exchanged, compared to its average volume of 501,771. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $2.58 billion, a P/E ratio of 10.70 and a beta of 0.81. The stock has a 50 day simple moving average of $15.78 and a 200-day simple moving average of $15.28. Laureate Education, Inc. has a one year low of $12.45 and a one year high of $18.39.

Laureate Education (NASDAQ:LAUR - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.40. The business had revenue of $368.60 million during the quarter, compared to the consensus estimate of $361.80 million. Laureate Education had a return on equity of 26.87% and a net margin of 15.76%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. On average, analysts anticipate that Laureate Education, Inc. will post 1.41 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. BMO Capital Markets boosted their price target on Laureate Education from $17.00 to $20.00 and gave the stock an "outperform" rating in a report on Friday. Morgan Stanley lowered 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.