Laureate Education, Inc. (NASDAQ:LAUR) Position Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 71.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,274 shares of the company’s stock after acquiring an additional 60,616 shares during the period. Assenagon Asset Management S.A. owned approximately 0.10% of Laureate Education worth $2,657,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of Laureate Education by 51.0% during the third 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 Laureate Education in the second quarter worth about $50,000. KBC Group NV boosted its holdings in Laureate Education by 62.3% during the third 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. New York State Teachers Retirement System acquired a new stake in shares of Laureate Education during the third quarter worth $95,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Laureate Education in the third quarter worth about $147,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

Laureate Education Stock Performance

Shares of NASDAQ LAUR opened at $18.75 on Thursday. The company has a market capitalization of $2.83 billion, a P/E ratio of 11.87 and a beta of 0.83. The business’s 50-day moving average price is $18.63 and its two-hundred day moving average price is $16.71. 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 one year low of $12.52 and a one year high of $19.98.

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