Laureate Education, Inc. (NASDAQ:LAUR) Holdings Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,772 shares of the company’s stock after selling 2,361 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of Laureate Education worth $1,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LAUR. KBC Group NV raised its position in shares of Laureate Education by 62.3% during the 3rd quarter. KBC Group NV now owns 4,075 shares of the company’s stock worth $68,000 after buying an additional 1,564 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Laureate Education by 10.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company’s stock worth $128,000 after purchasing an additional 673 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of Laureate Education by 112.8% in the 4th quarter. New York State Teachers Retirement System now owns 12,180 shares of the company’s stock worth $223,000 after purchasing an additional 6,455 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Laureate Education in the 3rd quarter worth approximately $296,000. Finally, Verition Fund Management LLC acquired a new position in shares of Laureate Education in the 3rd quarter worth approximately $309,000. 96.27% of the stock is currently owned by institutional investors.

Insider Transactions at Laureate Education

In other news, Director Ian Kendell Snow sold 520,831 shares of Laureate Education stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $17.47, for a total value of $9,098,917.57. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lifted their price objective on shares of Laureate Education from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, February 24th.

Laureate Education Stock Performance

Shares of LAUR opened at $19.30 on Wednesday. The firm’s 50 day moving average is $19.28 and its 200-day moving average is $17.95. The stock has a market capitalization of $2.91 billion, a P/E ratio of 9.95 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63. Laureate Education, Inc. has a 12-month low of $13.26 and a 12-month high of $21.73.

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