Laureate Education, Inc. (NASDAQ:LAUR) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its position in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,836 shares of the company's stock after selling 17,979 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.07% of Laureate Education worth $2,045,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Swedbank AB grew its holdings in Laureate Education by 225.8% during the 3rd quarter. Swedbank AB now owns 2,513,300 shares of the company's stock valued at $41,746,000 after buying an additional 1,741,800 shares in the last quarter. Cape Ann Asset Management Ltd purchased a new stake in shares of Laureate Education during the third quarter valued at $17,412,000. Union Bancaire Privee UBP SA bought a new position in Laureate Education in the fourth quarter worth approximately $15,057,000. Harbor Capital Advisors Inc. raised its holdings in shares of Laureate Education by 207.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 824,985 shares of the company's stock valued at $13,703,000 after purchasing an additional 556,573 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Laureate Education in the third quarter worth $6,757,000. Institutional investors own 96.27% of the company's stock.

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 stock an "outperform" rating in a report on Monday.

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Laureate Education Trading Up 2.0 %

Shares of NASDAQ:LAUR traded up $0.38 during midday trading on Wednesday, reaching $19.57. 312,360 shares of the company's stock were exchanged, compared to its average volume of 649,955. The firm's 50 day simple moving average is $18.93 and its two-hundred day simple moving average is $17.50. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 10.09 and a beta of 0.84. Laureate Education, Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $21.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63.

Laureate Education (NASDAQ:LAUR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.20. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. The business had revenue of $423.40 million during the quarter, compared to analysts' expectations of $411.50 million. As a group, sell-side analysts forecast that Laureate Education, Inc. will post 1.51 EPS for the current fiscal 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.