Victory Capital Management Inc. Purchases 22,470 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Victory Capital Management Inc. lifted its stake in Laureate Education, Inc. (NASDAQ:LAUR) by 32.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,133 shares of the company’s stock after acquiring an additional 22,470 shares during the period. Victory Capital Management Inc.’s holdings in Laureate Education were worth $1,530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LAUR. Vanguard Group Inc. raised its holdings in shares of Laureate Education by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 14,231,273 shares of the company’s stock worth $207,350,000 after buying an additional 136,865 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Laureate Education by 81.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 156,438 shares of the company’s stock valued at $2,280,000 after purchasing an additional 70,121 shares during the last quarter. Swedbank AB bought a new stake in shares of Laureate Education during the first quarter valued at approximately $11,241,000. Harbor Capital Advisors Inc. lifted its holdings in Laureate Education by 207.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 824,985 shares of the company’s stock worth $13,703,000 after buying an additional 556,573 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Laureate Education by 56.7% in the 2nd quarter. Renaissance Technologies LLC now owns 330,400 shares of the company’s stock valued at $4,936,000 after buying an additional 119,600 shares during the last quarter. Institutional investors own 96.27% of the company’s stock.

Laureate Education Stock Performance

Shares of Laureate Education stock opened at $19.71 on Tuesday. Laureate Education, Inc. has a 52 week low of $12.45 and a 52 week high of $19.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 12.47 and a beta of 0.82. The firm has a fifty day moving average of $16.85 and a two-hundred day moving average of $15.71.

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

Analyst Ratings Changes

Separately, BMO Capital Markets boosted their price objective on Laureate Education from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Laureate Education Company 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.