State Street Corp Acquires 68,122 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

State Street Corp increased its stake in Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,116,661 shares of the company's stock after purchasing an additional 68,122 shares during the period. State Street Corp owned 2.07% of Laureate Education worth $51,768,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in Laureate Education during the 2nd quarter valued at about $25,000. Van ECK Associates Corp lifted its holdings in Laureate Education by 51.0% in the third quarter. Van ECK Associates Corp now owns 2,259 shares of the company's stock valued at $36,000 after buying an additional 763 shares during the period. Quarry LP acquired a new position in Laureate Education in the second quarter valued at approximately $50,000. KBC Group NV boosted its stake in Laureate Education by 62.3% in the third quarter. KBC Group NV now owns 4,075 shares of the company's stock valued at $68,000 after acquiring an additional 1,564 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in Laureate Education during the 3rd quarter worth $95,000. Institutional investors own 96.27% of the company's stock.

Analyst Ratings Changes

Separately, BMO Capital Markets increased their price target on Laureate Education from $17.00 to $20.00 and gave the company an "outperform" rating in a research note on Friday, November 1st.

Insider Buying and Selling

In related news, Director Corro Pedro Del sold 25,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $19.58, for a total value of $489,500.00. Following the completion of the transaction, the director now directly owns 29,686 shares in the company, valued at approximately $581,251.88. The trade was a 45.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.32% of the stock is currently owned by company insiders.

Laureate Education Trading Up 1.0 %

Shares of LAUR stock traded up $0.18 on Friday, reaching $18.36. The company had a trading volume of 2,168,995 shares, compared to its average volume of 732,363. The stock has a market cap of $2.77 billion, a PE ratio of 11.62 and a beta of 0.82. The company has a 50-day moving average of $17.74 and a 200-day moving average of $16.05. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. Laureate Education, Inc. has a 12 month low of $12.45 and a 12 month high of $19.98.

Laureate Education (NASDAQ:LAUR - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.40. The firm had revenue of $368.60 million during the quarter, compared to analysts' expectations of $361.80 million. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 earnings per share. On average, equities analysts forecast that Laureate Education, Inc. will post 1.42 earnings per share for the current year.

About Laureate Education

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.