Laureate Education, Inc. (NASDAQ:LAUR) Shares Purchased by Snow Phipps Group LLC

Snow Phipps Group LLC increased its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,694,353 shares of the company’s stock after buying an additional 1,989 shares during the quarter. Laureate Education comprises approximately 15.7% of Snow Phipps Group LLC’s portfolio, making the stock its 2nd biggest holding. Snow Phipps Group LLC owned approximately 1.71% of Laureate Education worth $44,753,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LAUR. Vanguard Group Inc. grew its holdings in shares of Laureate Education by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 14,231,273 shares of the company’s stock worth $207,350,000 after purchasing an additional 136,865 shares during the period. Van Berkom & Associates Inc. lifted its position in Laureate Education by 2.2% during the second quarter. Van Berkom & Associates Inc. now owns 6,951,804 shares of the company’s stock valued at $103,860,000 after buying an additional 151,397 shares in the last quarter. Engine Capital Management LP grew its stake in Laureate Education by 3.7% during the second quarter. Engine Capital Management LP now owns 2,927,487 shares of the company’s stock worth $43,737,000 after buying an additional 104,232 shares during the period. Fourth Sail Capital LP increased its position in shares of Laureate Education by 2.3% in the second quarter. Fourth Sail Capital LP now owns 2,170,727 shares of the company’s stock worth $32,431,000 after acquiring an additional 48,635 shares in the last quarter. Finally, First Pacific Advisors LP raised its stake 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 valued at $11,857,000 after acquiring an additional 199,423 shares during the period. 96.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Laureate Education Stock Up 0.3 %

Shares of NASDAQ:LAUR opened at $15.67 on Wednesday. The company has a 50 day moving average of $15.46 and a two-hundred day moving average of $15.11. 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 company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 21.18 and a beta of 0.82.

Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.83 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 analyst estimates of $483.69 million. During the same quarter in the previous year, the business posted $0.35 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts forecast that Laureate Education, Inc. will post 1.41 earnings per share for the current fiscal 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.