Nordea Investment Management AB Acquires 7,156 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Nordea Investment Management AB grew its holdings in Laureate Education, Inc. (NASDAQ:LAUR) by 22.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,441 shares of the company’s stock after acquiring an additional 7,156 shares during the quarter. Nordea Investment Management AB’s holdings in Laureate Education were worth $721,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Laureate Education by 51.0% in 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 shares of Laureate Education in the second quarter valued at about $50,000. KBC Group NV boosted its position in shares of Laureate Education by 62.3% in the third quarter. KBC Group NV now owns 4,075 shares of the company’s stock valued at $68,000 after acquiring an additional 1,564 shares during the period. New York State Teachers Retirement System bought a new stake in shares of Laureate Education in the third quarter valued at about $95,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Laureate Education in the third quarter valued at about $147,000. Institutional investors own 96.27% of the company’s stock.

Insider Activity

In other news, Director Corro Pedro Del sold 25,000 shares of the company’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 value of $489,500.00. Following the completion of the transaction, the director now owns 29,686 shares of the company’s stock, valued at $581,251.88. This represents a 45.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.32% of the stock is currently owned by insiders.

Laureate Education Stock Down 3.4 %

LAUR stock opened at $18.04 on Monday. The company has a market cap of $2.72 billion, a PE ratio of 11.42 and a beta of 0.83. The business has a 50-day simple moving average of $18.58 and a 200 day simple moving average of $16.50. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $19.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15.

Laureate Education (NASDAQ:LAUR) last issued its earnings results on Thursday, October 31st. The company reported $0.56 EPS 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 the consensus estimate of $361.80 million. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Sell-side analysts anticipate that Laureate Education, Inc. will post 1.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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.

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.