Laureate Education, Inc. (NASDAQ:LAUR) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 51.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,259 shares of the company’s stock after buying an additional 763 shares during the quarter. Van ECK Associates Corp’s holdings in Laureate Education were worth $36,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LAUR. nVerses Capital LLC acquired a new position in Laureate Education during the 2nd quarter valued at about $25,000. Quarry LP acquired a new position in Laureate Education during the 2nd quarter valued at about $50,000. Allspring Global Investments Holdings LLC increased its position in Laureate Education by 24.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,889 shares of the company’s stock valued at $57,000 after buying an additional 764 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Laureate Education during the 3rd quarter valued at about $95,000. Finally, SG Americas Securities LLC acquired a new position in Laureate Education during the 1st quarter valued at about $151,000. 96.27% of the stock is owned by institutional investors and hedge funds.

Laureate Education Stock Performance

Shares of LAUR stock opened at $18.49 on Thursday. The company has a market capitalization of $2.79 billion, a P/E ratio of 11.78 and a beta of 0.82. The business’s 50 day moving average is $16.19 and its two-hundred day moving average is $15.47. 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 12-month low of $12.45 and a 12-month high of $19.12.

Laureate Education (NASDAQ:LAUR) last announced its earnings results on Thursday, October 31st. The company reported $0.56 EPS for the quarter, beating 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 business had revenue of $368.60 million during the quarter, compared to analysts’ expectations of $361.80 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Laureate Education, Inc. will post 1.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LAUR shares. Morgan Stanley lowered Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price objective on the stock. in a report on Friday, July 26th. BMO Capital Markets increased their price objective on Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 1st.

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.