Laureate Education, Inc. (NASDAQ:LAUR) Shares Bought by HighVista Strategies LLC

HighVista Strategies LLC lifted its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,607 shares of the company’s stock after buying an additional 9,500 shares during the quarter. HighVista Strategies LLC’s holdings in Laureate Education were worth $2,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LAUR. nVerses Capital LLC bought a new position in Laureate Education during the 2nd quarter valued at $25,000. Van ECK Associates Corp raised its stake in shares of Laureate Education by 51.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock valued at $36,000 after purchasing an additional 763 shares in the last quarter. Quarry LP acquired a new stake in shares of Laureate Education in the 2nd quarter valued at about $50,000. KBC Group NV grew 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 worth $68,000 after purchasing an additional 1,564 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new position in Laureate Education in the third quarter worth about $95,000. Institutional investors own 96.27% of the company’s stock.

Analyst Ratings Changes

Separately, BMO Capital Markets increased their target price on Laureate Education from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Laureate Education Stock Down 0.9 %

LAUR stock opened at $18.83 on Tuesday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 11.92 and a beta of 0.82. Laureate Education, Inc. has a 1-year low of $12.45 and a 1-year high of $19.98. The firm has a fifty day moving average price of $17.07 and a two-hundred day moving average price of $15.80. 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) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.40. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The firm had revenue of $368.60 million for the quarter, compared to analyst estimates of $361.80 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. Laureate Education’s quarterly revenue was up 2.0% on a year-over-year basis. Research analysts predict that Laureate Education, Inc. will post 1.42 EPS for the current year.

Insider Transactions at Laureate Education

In other news, Director Corro Pedro Del sold 25,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $19.58, for a total transaction of $489,500.00. Following the completion of the transaction, the director now owns 29,686 shares of the company’s stock, valued at approximately $581,251.88. The trade was a 45.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.32% of the company’s stock.

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.