Thrivent Financial for Lutherans Sells 138,263 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Thrivent Financial for Lutherans trimmed its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR - Free Report) by 44.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 173,007 shares of the company's stock after selling 138,263 shares during the period. Thrivent Financial for Lutherans owned approximately 0.11% of Laureate Education worth $3,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. J.Safra Asset Management Corp boosted its position in shares of Laureate Education by 34.4% during the fourth quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company's stock valued at $61,000 after buying an additional 866 shares during the last quarter. KBC Group NV lifted its stake in Laureate Education by 48.4% during the 4th quarter. KBC Group NV now owns 6,049 shares of the company's stock valued at $111,000 after acquiring an additional 1,974 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Laureate Education by 10.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company's stock valued at $128,000 after acquiring an additional 673 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of Laureate Education by 112.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,180 shares of the company's stock worth $223,000 after acquiring an additional 6,455 shares during the period. Finally, Cibc World Markets Corp purchased a new position in shares of Laureate Education during the fourth quarter valued at approximately $223,000. Institutional investors own 96.27% of the company's stock.

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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, February 24th.

Laureate Education Stock Performance

LAUR stock traded down $0.21 during trading on Friday, reaching $20.45. The stock had a trading volume of 986,333 shares, compared to its average volume of 739,802. The firm has a market cap of $3.08 billion, a PE ratio of 10.54 and a beta of 0.80. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The stock's 50 day moving average is $19.50 and its two-hundred day moving average is $18.24. Laureate Education, Inc. has a 52 week low of $13.26 and a 52 week high of $21.73.

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

Insider Transactions at Laureate Education

In other Laureate Education news, Director Ian Kendell Snow sold 520,831 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $17.47, for a total value of $9,098,917.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.32% of the company's stock.

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.