Cullen Capital Management LLC Increases Position in Laureate Education, Inc. (NASDAQ:LAUR)

Cullen Capital Management LLC grew its holdings in Laureate Education, Inc. (NASDAQ:LAUR) by 19.1% during the fourth quarter, HoldingsChannel reports. The firm owned 905,067 shares of the company’s stock after acquiring an additional 145,307 shares during the period. Cullen Capital Management LLC’s holdings in Laureate Education were worth $16,554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. North of South Capital LLP purchased a new position in Laureate Education during the fourth quarter worth approximately $22,973,000. Union Bancaire Privee UBP SA purchased a new position in shares of Laureate Education during the 4th quarter worth $15,057,000. Brandywine Global Investment Management LLC purchased a new position in shares of Laureate Education during the 4th quarter worth $9,353,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Laureate Education during the 3rd quarter valued at about $6,757,000. Finally, Teacher Retirement System of Texas grew its holdings in shares of Laureate Education by 132.7% in the fourth quarter. Teacher Retirement System of Texas now owns 430,817 shares of the company’s stock valued at $7,880,000 after purchasing an additional 245,707 shares during the period. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, BMO Capital Markets boosted their target price on shares of Laureate Education from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, February 24th.

Laureate Education Price Performance

LAUR stock opened at $18.98 on Friday. Laureate Education, Inc. has a 52-week low of $13.26 and a 52-week high of $21.73. 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 stock has a market cap of $2.86 billion, a price-to-earnings ratio of 9.78 and a beta of 0.43. The business has a fifty day moving average of $19.65 and a two-hundred day moving average of $18.35.

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

Insider Activity

In other news, Director Ian Kendell Snow sold 520,831 shares of Laureate Education stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $17.47, for a total value of $9,098,917.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.32% of the company’s stock.

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.