Laureate Education, Inc. (NASDAQ:LAUR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Laureate Education, Inc. (NASDAQ:LAUR) by 3.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,145,552 shares of the company’s stock after purchasing an additional 80,570 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.42% of Laureate Education worth $35,638,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Swedbank AB grew its holdings in Laureate Education by 225.8% during the 3rd quarter. Swedbank AB now owns 2,513,300 shares of the company’s stock worth $41,746,000 after acquiring an additional 1,741,800 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Laureate Education by 207.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 824,985 shares of the company’s stock worth $13,703,000 after purchasing an additional 556,573 shares during the last quarter. Van Berkom & Associates Inc. grew its stake in shares of Laureate Education by 2.2% during the second quarter. Van Berkom & Associates Inc. now owns 6,951,804 shares of the company’s stock worth $103,860,000 after purchasing an additional 151,397 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Laureate Education by 56.7% in the second quarter. Renaissance Technologies LLC now owns 330,400 shares of the company’s stock valued at $4,936,000 after buying an additional 119,600 shares during the last quarter. Finally, Fiera Capital Corp raised its stake in Laureate Education by 38.2% in the second quarter. Fiera Capital Corp now owns 423,191 shares of the company’s stock valued at $6,322,000 after buying an additional 116,985 shares in the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Laureate Education Trading Down 0.9 %

LAUR opened at $18.83 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 11.92 and a beta of 0.82. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $19.98. The business’s 50 day moving average is $17.07 and its two-hundred day moving average is $15.80.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.40. The company had revenue of $368.60 million during the quarter, compared to the consensus estimate of $361.80 million. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. Laureate Education’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. On average, research analysts predict that Laureate Education, Inc. will post 1.42 EPS for the current year.

Insider Buying and Selling

In other Laureate Education news, Director Corro Pedro Del sold 25,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $19.58, for a total transaction of $489,500.00. Following the sale, the director now owns 29,686 shares in the company, valued at approximately $581,251.88. This represents a 45.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.32% of the stock is currently owned by insiders.

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.