Intech Investment Management LLC lifted its stake in shares of Laureate Education (NASDAQ:LAUR – Free Report) by 10.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 74,213 shares of the company’s stock after acquiring an additional 7,280 shares during the period. Intech Investment Management LLC’s holdings in Laureate Education were worth $1,735,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted its stake in Laureate Education by 260.1% during the first quarter. CWM LLC now owns 4,901 shares of the company’s stock worth $100,000 after purchasing an additional 3,540 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Laureate Education by 11.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,031 shares of the company’s stock valued at $141,000 after purchasing an additional 636 shares during the last quarter. Avanza Fonder AB raised its holdings in shares of Laureate Education by 54.8% during the 2nd quarter. Avanza Fonder AB now owns 6,900 shares of the company’s stock valued at $161,000 after buying an additional 2,443 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new stake in Laureate Education in the 2nd quarter worth approximately $178,000. Finally, denkapparat Operations GmbH purchased a new stake in Laureate Education in the second quarter worth approximately $312,000. Institutional investors own 96.27% of the company’s stock.
Laureate Education Stock Performance
NASDAQ:LAUR opened at $29.94 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. Laureate Education has a fifty-two week low of $17.82 and a fifty-two week high of $32.42. The firm has a market cap of $4.41 billion, a PE ratio of 21.85 and a beta of 0.61. The business has a 50 day moving average price of $30.06 and a 200-day moving average price of $26.14.
Laureate Education announced that its board has authorized a share buyback program on Thursday, October 30th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to purchase up to 3.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
Analyst Ratings Changes
A number of research analysts have commented on LAUR shares. Morgan Stanley increased their price target on shares of Laureate Education from $26.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. UBS Group upped their price objective on shares of Laureate Education from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Zacks Research lowered shares of Laureate Education from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Wall Street Zen cut shares of Laureate Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Laureate Education in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.67.
Read Our Latest Stock Report on LAUR
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.
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