Teacher Retirement System of Texas Acquires 245,707 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Teacher Retirement System of Texas lifted its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 132.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 430,817 shares of the company’s stock after purchasing an additional 245,707 shares during the period. Teacher Retirement System of Texas owned about 0.29% of Laureate Education worth $7,880,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Boston Partners grew its holdings in shares of Laureate Education by 5.3% during the 4th quarter. Boston Partners now owns 2,584,925 shares of the company’s stock valued at $47,497,000 after purchasing an additional 130,172 shares during the last quarter. Cibc World Markets Corp bought a new stake in Laureate Education in the 4th quarter worth $223,000. Daiwa Securities Group Inc. grew its holdings in Laureate Education by 3.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 47,558 shares of the company’s stock worth $870,000 after acquiring an additional 1,606 shares during the last quarter. AlphaQuest LLC bought a new stake in Laureate Education in the 4th quarter worth $414,000. Finally, Raymond James Financial Inc. bought a new stake in Laureate Education in the 4th quarter worth $408,000. Institutional investors own 96.27% of the company’s stock.

Insider Transactions at Laureate Education

In other news, Director Ian Kendell Snow sold 520,831 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.32% of the company’s stock.

Analyst Ratings Changes

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

Laureate Education Price Performance

Shares of Laureate Education stock opened at $19.31 on Friday. The firm has a market cap of $2.91 billion, a PE ratio of 9.95 and a beta of 0.80. Laureate Education, Inc. has a 12-month low of $13.26 and a 12-month high of $21.73. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $19.33 and its two-hundred day simple moving average is $18.02.

Laureate Education (NASDAQ:LAUR) last posted its earnings results on Thursday, February 20th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.42 by $0.20. Laureate Education had a net margin of 18.92% and a return on equity of 32.35%. The firm had revenue of $423.40 million during the quarter, compared to analysts’ expectations of $411.50 million. As a group, equities analysts expect that Laureate Education, Inc. will post 1.51 EPS for the current year.

Laureate Education 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.