Union Bancaire Privee UBP SA Buys Shares of 818,229 Laureate Education, Inc. (NASDAQ:LAUR)

Union Bancaire Privee UBP SA purchased a new position in shares of Laureate Education, Inc. (NASDAQ:LAUR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 818,229 shares of the company’s stock, valued at approximately $15,057,000. Union Bancaire Privee UBP SA owned about 0.54% of Laureate Education at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LAUR. MBM Wealth Consultants LLC lifted its stake in shares of Laureate Education by 6.0% in the 4th quarter. MBM Wealth Consultants LLC now owns 17,622 shares of the company’s stock valued at $320,000 after purchasing an additional 990 shares during the last quarter. Ritholtz Wealth Management purchased a new position in Laureate Education during the fourth quarter worth about $380,000. Burney Co. acquired a new stake in shares of Laureate Education during the fourth quarter valued at about $666,000. Assenagon Asset Management S.A. raised its stake in shares of Laureate Education by 71.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 145,274 shares of the company’s stock valued at $2,657,000 after acquiring an additional 60,616 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Laureate Education by 10.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 914,092 shares of the company’s stock worth $16,719,000 after acquiring an additional 89,107 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Laureate Education Price Performance

LAUR stock opened at $18.84 on Monday. The business’s 50-day moving average is $18.66 and its two-hundred day moving average is $16.78. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $2.84 billion, a P/E ratio of 11.92 and a beta of 0.83. Laureate Education, Inc. has a 1 year low of $12.52 and a 1 year high of $19.98.

Laureate Education (NASDAQ:LAUR) last issued its earnings results on Thursday, October 31st. The company reported $0.56 earnings per share 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 firm 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 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that Laureate Education, Inc. will post 1.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions 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 shares were sold at an average price of $19.58, for a total value of $489,500.00. Following the transaction, the director now directly owns 29,686 shares in the company, valued at $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 is available at this hyperlink. Corporate insiders own 2.32% of the company’s stock.

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.