Algert Global LLC Buys Shares of 82,510 Laureate Education, Inc. (NASDAQ:LAUR)

Algert Global LLC bought a new position in Laureate Education, Inc. (NASDAQ:LAUR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 82,510 shares of the company’s stock, valued at approximately $1,509,000. Algert Global LLC owned approximately 0.05% of Laureate Education as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. North of South Capital LLP bought a new position in shares of Laureate Education during the 4th quarter worth approximately $22,973,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Laureate Education during the 4th quarter valued at $15,057,000. Brandywine Global Investment Management LLC acquired a new stake in shares of Laureate Education in the 4th quarter worth $9,353,000. Renaissance Technologies LLC grew its stake in Laureate Education by 2,702.0% during the 4th quarter. Renaissance Technologies LLC now owns 285,800 shares of the company’s stock worth $5,227,000 after buying an additional 275,600 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Laureate Education by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,663,351 shares of the company’s stock valued at $30,424,000 after buying an additional 263,418 shares in the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Laureate Education

In other Laureate Education news, Director Ian Kendell Snow sold 520,831 shares of the business’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets boosted their price target on Laureate Education from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th.

Laureate Education Price Performance

Shares of NASDAQ:LAUR opened at $22.90 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. Laureate Education, Inc. has a twelve month low of $13.60 and a twelve month high of $23.05. The company’s 50 day moving average is $19.91 and its 200 day moving average is $19.09. The company has a market cap of $3.45 billion, a PE ratio of 11.80 and a beta of 0.59.

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

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.