Laureate Education, Inc. (NASDAQ:LAUR) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its position in Laureate Education, Inc. (NASDAQ:LAUR) by 14.8% in the 4th quarter, Holdings Channel reports. The fund owned 138,572 shares of the company’s stock after selling 24,130 shares during the period. Handelsbanken Fonder AB’s holdings in Laureate Education were worth $2,534,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LAUR. Van ECK Associates Corp lifted its stake in shares of Laureate Education by 51.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock worth $36,000 after acquiring an additional 763 shares during the period. KBC Group NV lifted its stake in shares of Laureate Education by 62.3% in the 3rd quarter. KBC Group NV now owns 4,075 shares of the company’s stock worth $68,000 after acquiring an additional 1,564 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Laureate Education in the 3rd quarter worth $95,000. Plato Investment Management Ltd acquired a new stake in shares of Laureate Education in the 3rd quarter worth $147,000. Finally, Creative Planning acquired a new stake in shares of Laureate Education in the 3rd quarter worth $181,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

Laureate Education Stock Performance

Shares of LAUR opened at $19.28 on Tuesday. The company has a 50-day simple moving average of $18.92 and a 200-day simple moving average of $17.43. 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 company has a market capitalization of $2.91 billion, a PE ratio of 9.94 and a beta of 0.84. Laureate Education, Inc. has a 52-week low of $12.97 and a 52-week high of $21.73.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.20. The business had revenue of $423.40 million during the quarter, compared to the consensus estimate of $411.50 million. Laureate Education had a net margin of 18.92% and a return on equity of 32.35%. Equities research analysts predict that Laureate Education, Inc. will post 1.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets increased their price target on shares of Laureate Education from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday.

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.