Handelsbanken Fonder AB Buys 15,240 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Handelsbanken Fonder AB boosted its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 8.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,640 shares of the company’s stock after purchasing an additional 15,240 shares during the quarter. Handelsbanken Fonder AB owned about 0.13% of Laureate Education worth $2,723,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LAUR. Bank of New York Mellon Corp boosted its position in Laureate Education by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 1,898,493 shares of the company’s stock worth $26,769,000 after purchasing an additional 5,962 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Laureate Education by 30.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,806 shares of the company’s stock worth $350,000 after purchasing an additional 5,793 shares during the period. Inspire Investing LLC bought a new stake in Laureate Education during the third quarter worth approximately $308,000. Teacher Retirement System of Texas boosted its position in Laureate Education by 12.0% during the third quarter. Teacher Retirement System of Texas now owns 225,560 shares of the company’s stock worth $3,180,000 after purchasing an additional 24,098 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in Laureate Education by 3.8% during the third quarter. Daiwa Securities Group Inc. now owns 87,502 shares of the company’s stock worth $1,234,000 after purchasing an additional 3,198 shares during the period. Institutional investors own 96.27% of the company’s stock.

Laureate Education Stock Up 2.4 %

Shares of LAUR stock opened at $14.80 on Friday. The stock has a market cap of $2.33 billion, a P/E ratio of 23.13 and a beta of 0.74. Laureate Education, Inc. has a one year low of $11.34 and a one year high of $14.97. The stock has a fifty day moving average price of $13.95 and a 200 day moving average price of $13.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.50 and a quick ratio of 0.50.

Laureate Education (NASDAQ:LAUR) last issued its earnings results on Thursday, February 22nd. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. The firm had revenue of $409.40 million during the quarter, compared to analysts’ expectations of $390.39 million. Laureate Education had a return on equity of 12.69% and a net margin of 7.26%. During the same period last year, the business earned $0.22 earnings per share. Analysts predict that Laureate Education, Inc. will post 1.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised Laureate Education from a “c+” rating to a “b” rating in a research report on Monday, February 26th.

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.