Allspring Global Investments Holdings LLC Purchases New Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

Allspring Global Investments Holdings LLC bought a new position in shares of Laureate Education, Inc. (NASDAQ:LAUR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,932 shares of the company’s stock, valued at approximately $310,000.

Several other large investors also recently bought and sold shares of LAUR. KBC Group NV lifted its holdings in Laureate Education by 48.4% in the fourth quarter. KBC Group NV now owns 6,049 shares of the company’s stock valued at $111,000 after acquiring an additional 1,974 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Laureate Education during the 4th quarter worth approximately $15,057,000. MBM Wealth Consultants LLC increased its holdings in Laureate Education by 6.0% in the fourth quarter. MBM Wealth Consultants LLC now owns 17,622 shares of the company’s stock valued at $320,000 after buying an additional 990 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Laureate Education during the fourth quarter worth approximately $380,000. Finally, Burney Co. acquired a new position in shares of Laureate Education in the 4th quarter valued at $666,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lifted their price target on Laureate Education from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday.

Laureate Education Stock Down 0.5 %

Shares of Laureate Education stock opened at $19.19 on Wednesday. Laureate Education, Inc. has a one year low of $12.97 and a one year high of $21.73. The company has a market cap of $2.89 billion, a P/E ratio of 9.89 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 firm has a fifty day moving average of $18.92 and a two-hundred day moving average of $17.47.

Laureate Education (NASDAQ:LAUR) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.20. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. The firm had revenue of $423.40 million during the quarter, compared to analysts’ expectations of $411.50 million. On average, analysts forecast that Laureate Education, Inc. will post 1.51 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.