KBC Group NV Raises Stake in Laureate Education, Inc. (NASDAQ:LAUR)

KBC Group NV grew its holdings in Laureate Education, Inc. (NASDAQ:LAUR) by 48.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,049 shares of the company’s stock after buying an additional 1,974 shares during the period. KBC Group NV’s holdings in Laureate Education were worth $111,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Van ECK Associates Corp boosted its holdings in Laureate Education by 51.0% during the third quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock worth $36,000 after buying an additional 763 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Laureate Education during the 3rd quarter worth about $95,000. Plato Investment Management Ltd purchased a new position in shares of Laureate Education during the 3rd quarter worth $147,000. Marshall Wace LLP boosted its holdings in shares of Laureate Education by 9.5% during the second quarter. Marshall Wace LLP now owns 11,500 shares of the company’s stock worth $172,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of Laureate Education in the third quarter valued at $181,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

Laureate Education Stock Performance

Shares of LAUR stock opened at $19.58 on Friday. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50 day moving average price of $18.65 and a 200 day moving average price of $17.01. Laureate Education, Inc. has a one year low of $12.59 and a one year high of $19.98.

Insider Transactions at Laureate Education

In related news, Director Corro Pedro Del sold 25,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $19.58, for a total transaction of $489,500.00. Following the completion of the sale, the director now directly owns 29,686 shares of the company’s stock, valued at approximately $581,251.88. This represents a 45.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.32% of the company’s stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets increased their target price 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 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.