Verition Fund Management LLC Purchases Shares of 18,581 Laureate Education, Inc. (NASDAQ:LAUR)

Verition Fund Management LLC purchased a new position in Laureate Education, Inc. (NASDAQ:LAUR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,581 shares of the company’s stock, valued at approximately $309,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Capstone Investment Advisors LLC purchased a new stake in Laureate Education during the 3rd quarter valued at about $318,000. BNP Paribas Financial Markets lifted its holdings in shares of Laureate Education by 25.5% during the third quarter. BNP Paribas Financial Markets now owns 59,826 shares of the company’s stock worth $994,000 after purchasing an additional 12,143 shares during the period. Mirabella Financial Services LLP boosted its position in Laureate Education by 57.0% in the third quarter. Mirabella Financial Services LLP now owns 56,750 shares of the company’s stock valued at $943,000 after buying an additional 20,600 shares during the last quarter. Cape Ann Asset Management Ltd acquired a new position in Laureate Education in the 3rd quarter worth approximately $17,412,000. Finally, Swedbank AB raised its position in Laureate Education by 225.8% during the 3rd 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. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Laureate Education Stock Down 0.9 %

Laureate Education stock opened at $18.93 on Friday. The business’s 50-day moving average price is $17.45 and its 200 day moving average price is $15.95. 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 firm has a market cap of $2.85 billion, a price-to-earnings ratio of 11.98 and a beta of 0.82. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $19.98.

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

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 stock an “outperform” rating in a research note on Friday, November 1st.

Insider Buying and Selling at Laureate Education

In other Laureate Education news, Director Corro Pedro Del sold 25,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $19.58, for a total transaction of $489,500.00. Following the transaction, the director now owns 29,686 shares in the company, 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 SEC, which can be accessed through this hyperlink. 2.32% of the stock is owned by corporate insiders.

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.