Principal Financial Group Inc. Has $198,000 Stake in Laureate Education, Inc. (NASDAQ:LAUR)

Principal Financial Group Inc. reduced its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 30.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,937 shares of the company’s stock after selling 5,224 shares during the quarter. Principal Financial Group Inc.’s holdings in Laureate Education were worth $198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LAUR. nVerses Capital LLC bought a new stake in Laureate Education in the second quarter valued at approximately $25,000. Van ECK Associates Corp grew its holdings in shares of Laureate Education by 51.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock valued at $36,000 after buying an additional 763 shares during the period. Quarry LP bought a new stake in shares of Laureate Education in the 2nd quarter valued at $50,000. New York State Teachers Retirement System acquired a new stake in Laureate Education during the 3rd quarter worth $95,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Laureate Education by 144.7% during the second 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 period. Institutional investors own 96.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets increased their price objective on shares of 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 Stock Up 1.0 %

Shares of Laureate Education stock opened at $19.71 on Tuesday. The firm has a market cap of $2.97 billion, a PE ratio of 12.47 and a beta of 0.82. The business’s 50 day simple moving average is $16.85 and its 200 day simple moving average is $15.71. 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 $19.98.

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. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The business had revenue of $368.60 million for the quarter, compared to analyst estimates of $361.80 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Laureate Education, Inc. will post 1.42 earnings per share for the current fiscal year.

Laureate Education Company 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.