Rhumbline Advisers Purchases 7,502 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Rhumbline Advisers lifted its position in Laureate Education, Inc. (NASDAQ:LAUR) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,778 shares of the company’s stock after acquiring an additional 7,502 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of Laureate Education worth $2,970,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LAUR. Fourth Sail Capital LP boosted its holdings in shares of Laureate Education by 109.3% in the 1st quarter. Fourth Sail Capital LP now owns 2,122,092 shares of the company’s stock worth $30,919,000 after buying an additional 1,108,142 shares during the last quarter. Swedbank AB purchased a new position in shares of Laureate Education in the 1st quarter worth about $11,241,000. First Pacific Advisors LP boosted its holdings in shares of Laureate Education by 32.5% in the 1st quarter. First Pacific Advisors LP now owns 813,781 shares of the company’s stock worth $11,857,000 after buying an additional 199,423 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in shares of Laureate Education by 33.4% in the 4th quarter. Alberta Investment Management Corp now owns 766,580 shares of the company’s stock worth $10,510,000 after buying an additional 191,998 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Laureate Education by 218.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 268,412 shares of the company’s stock worth $4,010,000 after buying an additional 184,139 shares during the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Morgan Stanley downgraded shares of Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price target on the stock. in a report on Friday, July 26th.

Laureate Education Price Performance

NASDAQ LAUR opened at $16.69 on Wednesday. The company has a market cap of $2.55 billion, a PE ratio of 22.55 and a beta of 0.81. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $17.60. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $15.12 and its two-hundred day simple moving average is $14.84.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Laureate Education had a net margin of 12.64% and a return on equity of 21.37%. The firm had revenue of $499.20 million for the quarter, compared to the consensus estimate of $483.69 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Research analysts predict that Laureate Education, Inc. will post 1.41 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.