Erste Asset Management GmbH bought a new position in Laureate Education, Inc. (NASDAQ:LAUR – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 89,186 shares of the company’s stock, valued at approximately $1,485,000.
A number of other hedge funds have also added to or reduced their stakes in LAUR. Verition Fund Management LLC purchased a new position in shares of Laureate Education in the 3rd quarter worth $309,000. Capstone Investment Advisors LLC purchased a new position in Laureate Education in the third quarter worth about $318,000. BNP Paribas Financial Markets grew its stake in shares of Laureate Education by 25.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 59,826 shares of the company’s stock valued at $994,000 after purchasing an additional 12,143 shares during the period. Mirabella Financial Services LLP grew its stake in shares of Laureate Education by 57.0% during the 3rd quarter. Mirabella Financial Services LLP now owns 56,750 shares of the company’s stock valued at $943,000 after purchasing an additional 20,600 shares during the period. Finally, Cape Ann Asset Management Ltd purchased a new stake in shares of Laureate Education during the 3rd quarter valued at about $17,412,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.
Laureate Education Price Performance
NASDAQ LAUR opened at $18.75 on Wednesday. The business’s fifty day moving average is $17.11 and its 200 day moving average is $15.82. Laureate Education, Inc. has a fifty-two week low of $12.45 and a fifty-two week high of $19.98. 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 company has a market capitalization of $2.83 billion, a PE ratio of 11.87 and a beta of 0.82.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets boosted their target price on shares of Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 1st.
Check Out Our Latest Report on Laureate Education
Insiders Place Their Bets
In other news, Director Corro Pedro Del sold 25,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were 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 $581,251.88. This trade represents a 45.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.32% of the company’s stock.
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.
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