KBC Group NV Has $68,000 Stake in Laureate Education, Inc. (NASDAQ:LAUR)

KBC Group NV increased its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 62.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,075 shares of the company’s stock after purchasing an additional 1,564 shares during the quarter. KBC Group NV’s holdings in Laureate Education were worth $68,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new stake in shares of Laureate Education during the 2nd quarter valued at about $25,000. Van ECK Associates Corp lifted its stake in Laureate Education by 51.0% in the third quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock valued at $36,000 after acquiring an additional 763 shares during the last quarter. Quarry LP bought a new stake in Laureate Education in the second quarter worth approximately $50,000. New York State Teachers Retirement System bought a new stake in Laureate Education in the third quarter worth approximately $95,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Laureate Education by 144.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,515 shares of the company’s stock worth $142,000 after purchasing an additional 5,626 shares during the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lifted 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.

Laureate Education Stock Performance

Shares of NASDAQ LAUR opened at $19.52 on Friday. The business’s 50-day simple moving average is $16.79 and its 200-day simple moving average is $15.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $19.58. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 12.35 and a beta of 0.82.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.16 by $0.40. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. The company had revenue of $368.60 million for the quarter, compared to the consensus estimate of $361.80 million. During the same quarter last year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts expect that Laureate Education, Inc. will post 1.42 earnings per share for the current fiscal year.

Laureate Education 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.