818,229 Shares in Laureate Education, Inc. (NASDAQ:LAUR) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new stake in Laureate Education, Inc. (NASDAQ:LAUR) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 818,229 shares of the company’s stock, valued at approximately $15,057,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LAUR. Van ECK Associates Corp grew its holdings in shares of Laureate Education by 51.0% during the third quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock worth $36,000 after buying an additional 763 shares during the last quarter. Quarry LP purchased a new position in shares of Laureate Education in the 2nd quarter valued at approximately $50,000. KBC Group NV increased its holdings in shares of 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 purchasing an additional 1,564 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Laureate Education during the third quarter worth approximately $95,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Laureate Education during the third quarter worth $147,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Laureate Education Stock Performance

NASDAQ LAUR opened at $18.84 on Monday. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 11.92 and a beta of 0.83. The business’s 50 day moving average is $18.66 and its two-hundred day moving average is $16.78. Laureate Education, Inc. has a 12-month low of $12.52 and a 12-month high of $19.98. 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 (NASDAQ:LAUR) last announced its quarterly earnings data 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. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. 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 company posted $0.23 earnings per share. Laureate Education’s quarterly revenue was up 2.0% on a year-over-year basis. Research analysts expect that Laureate Education, Inc. will post 1.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets boosted their price objective on shares of Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

Insider Activity at Laureate Education

In related news, Director Corro Pedro Del sold 25,000 shares of the firm’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 of the company’s stock, valued at $581,251.88. This trade represents a 45.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.