Snow Phipps Group LLC Grows Stake in Laureate Education, Inc. (NASDAQ:LAUR)

Snow Phipps Group LLC increased its holdings in Laureate Education, Inc. (NASDAQ:LAUR) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,696,343 shares of the company’s stock after purchasing an additional 1,990 shares during the period. Laureate Education makes up 17.0% of Snow Phipps Group LLC’s investment portfolio, making the stock its 2nd biggest holding. Snow Phipps Group LLC’s holdings in Laureate Education were worth $49,316,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LAUR. Swedbank AB lifted its position in shares of Laureate Education by 225.8% in the third quarter. Swedbank AB now owns 2,513,300 shares of the company’s stock worth $41,746,000 after buying an additional 1,741,800 shares during the last quarter. Cape Ann Asset Management Ltd acquired a new stake in Laureate Education in the 3rd quarter valued at approximately $17,412,000. Harbor Capital Advisors Inc. increased its position in Laureate Education by 207.4% during the third quarter. Harbor Capital Advisors Inc. now owns 824,985 shares of the company’s stock worth $13,703,000 after acquiring an additional 556,573 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Laureate Education during the 3rd quarter worth about $6,757,000. Finally, Barclays PLC increased its stake in Laureate Education by 298.8% during the third quarter. Barclays PLC now owns 230,098 shares of the company’s stock valued at $3,823,000 after acquiring an additional 172,405 shares during the period. 96.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Laureate Education

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

Analysts Set New Price Targets

Separately, BMO Capital Markets increased their price objective on shares of Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

Laureate Education Trading Up 0.6 %

Shares of Laureate Education stock opened at $18.37 on Wednesday. Laureate Education, Inc. has a 12-month low of $12.52 and a 12-month high of $19.98. The company has a 50-day simple moving average of $18.61 and a 200 day simple moving average of $16.55. 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 stock has a market capitalization of $2.77 billion, a P/E ratio of 11.63 and a beta of 0.83.

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