Harbor Capital Advisors Inc. Purchases 89,107 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Harbor Capital Advisors Inc. raised its stake in Laureate Education, Inc. (NASDAQ:LAUR) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 914,092 shares of the company’s stock after buying an additional 89,107 shares during the period. Laureate Education comprises about 0.7% of Harbor Capital Advisors Inc.’s portfolio, making the stock its 11th biggest position. Harbor Capital Advisors Inc. owned 0.61% of Laureate Education worth $16,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of LAUR. Geode Capital Management LLC raised its holdings in Laureate Education by 0.3% during the third quarter. Geode Capital Management LLC now owns 3,185,347 shares of the company’s stock worth $52,918,000 after buying an additional 10,447 shares during the last quarter. State Street Corp grew its stake in Laureate Education by 2.2% in the 3rd quarter. State Street Corp now owns 3,116,661 shares of the company’s stock valued at $51,768,000 after buying an additional 68,122 shares in the last quarter. Engine Capital Management LP boosted its position in shares of Laureate Education by 3.7% in the second quarter. Engine Capital Management LP now owns 2,927,487 shares of the company’s stock valued at $43,737,000 after acquiring an additional 104,232 shares during the period. Swedbank AB boosted its position in shares of Laureate Education by 225.8% during the 3rd quarter. Swedbank AB now owns 2,513,300 shares of the company’s stock valued at $41,746,000 after acquiring an additional 1,741,800 shares during the last quarter. Finally, Fourth Sail Capital LP grew its position in Laureate Education by 2.3% during the second quarter. Fourth Sail Capital LP now owns 2,170,727 shares of the company’s stock valued at $32,431,000 after acquiring an additional 48,635 shares during the last quarter. Institutional investors own 96.27% of the company’s stock.

Insider Buying and Selling at Laureate Education

In other Laureate Education news, Director Corro Pedro Del sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $19.58, for a total value of $489,500.00. Following the transaction, the director now directly owns 29,686 shares of the company’s stock, valued at $581,251.88. This trade represents a 45.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.32% of the company’s stock.

Analyst Ratings Changes

Separately, BMO Capital Markets lifted their price target on shares of Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 1st.

Laureate Education Trading Down 3.8 %

Shares of NASDAQ:LAUR traded down $0.71 on Friday, hitting $17.97. 103,884 shares of the company’s stock were exchanged, compared to its average volume of 393,929. The business’s 50 day simple moving average is $18.56 and its two-hundred day simple moving average is $16.44. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 11.37 and a beta of 0.83. Laureate Education, Inc. has a 12 month low of $12.45 and a 12 month high of $19.98. 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 (NASDAQ:LAUR) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.40. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. The business had revenue of $368.60 million for the quarter, compared to analyst estimates of $361.80 million. During the same quarter in the prior year, the business posted $0.23 EPS. Laureate Education’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts anticipate that Laureate Education, Inc. will post 1.42 EPS for the current fiscal 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.