Handelsbanken Fonder AB Reduces Position in Laureate Education, Inc. (NASDAQ:LAUR)

Handelsbanken Fonder AB decreased its stake in Laureate Education, Inc. (NASDAQ:LAUR) by 14.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,572 shares of the company’s stock after selling 24,130 shares during the period. Handelsbanken Fonder AB owned 0.09% of Laureate Education worth $2,534,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Nisa Investment Advisors LLC boosted its holdings in shares of Laureate Education by 3.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 22,174 shares of the company’s stock valued at $368,000 after buying an additional 682 shares in the last quarter. Van ECK Associates Corp boosted its holdings 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 valued at $36,000 after buying an additional 763 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Laureate Education by 1.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 62,777 shares of the company’s stock valued at $1,043,000 after buying an additional 896 shares in the last quarter. MBM Wealth Consultants LLC boosted its holdings 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 buying an additional 990 shares in the last quarter. Finally, KBC Group NV boosted its holdings 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 valued at $68,000 after buying an additional 1,564 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upped 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.

Laureate Education Stock Down 1.6 %

Shares of NASDAQ:LAUR opened at $19.28 on Tuesday. The stock has a market cap of $2.91 billion, a P/E ratio of 9.94 and a beta of 0.84. The firm has a fifty day moving average price of $18.92 and a 200 day moving average price of $17.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63. Laureate Education, Inc. has a 1-year low of $12.97 and a 1-year high of $21.73.

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

About Laureate Education

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.