Victory Capital Management Inc. Increases Stock Position in Laureate Education, Inc. (NASDAQ:LAUR)

Victory Capital Management Inc. raised its holdings in Laureate Education, Inc. (NASDAQ:LAUR) by 32.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,133 shares of the company’s stock after purchasing an additional 22,470 shares during the period. Victory Capital Management Inc. owned about 0.06% of Laureate Education worth $1,530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. nVerses Capital LLC bought a new stake in shares of Laureate Education in the 2nd quarter valued at approximately $25,000. Van ECK Associates Corp increased its position in 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 acquiring an additional 763 shares during the period. Quarry LP bought a new stake in shares of Laureate Education during the second quarter valued at about $50,000. New York State Teachers Retirement System acquired a new position in shares of Laureate Education during the third quarter valued at approximately $95,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Laureate Education by 144.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,515 shares of the company’s stock valued at $142,000 after buying an additional 5,626 shares during the period. Institutional investors own 96.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

Laureate Education Stock Up 1.0 %

Shares of Laureate Education stock opened at $19.71 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. Laureate Education, Inc. has a 1 year low of $12.45 and a 1 year high of $19.98. The stock has a 50-day moving average price of $16.85 and a 200 day moving average price of $15.71. The company has a market cap of $2.97 billion, a P/E ratio of 12.47 and a beta of 0.82.

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.40. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. The company had revenue of $368.60 million during the quarter, compared to the consensus estimate of $361.80 million. During the same period last year, the business earned $0.23 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, analysts expect that Laureate Education, Inc. will post 1.42 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.