Nomura Asset Management Co. Ltd. Invests $216,000 in Laureate Education, Inc. (NASDAQ:LAUR)

Nomura Asset Management Co. Ltd. acquired a new stake in Laureate Education, Inc. (NASDAQ:LAUR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,817 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LAUR. J.Safra Asset Management Corp raised its position in shares of Laureate Education by 34.4% in the fourth quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company’s stock valued at $61,000 after purchasing an additional 866 shares during the period. KBC Group NV grew its stake in Laureate Education by 48.4% in the 4th quarter. KBC Group NV now owns 6,049 shares of the company’s stock valued at $111,000 after buying an additional 1,974 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Laureate Education by 10.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company’s stock worth $128,000 after acquiring an additional 673 shares during the period. New York State Teachers Retirement System lifted its position in Laureate Education by 112.8% during the 4th quarter. New York State Teachers Retirement System now owns 12,180 shares of the company’s stock worth $223,000 after acquiring an additional 6,455 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in Laureate Education during the fourth quarter valued at about $223,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Laureate Education Trading Down 2.7 %

Shares of Laureate Education stock opened at $20.29 on Friday. Laureate Education, Inc. has a 1 year low of $13.26 and a 1 year high of $21.73. The company’s fifty day simple moving average is $19.64 and its 200-day simple moving average is $18.34. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 10.46 and a beta of 0.43. 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 (NASDAQ:LAUR) last posted its quarterly earnings data 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 company had revenue of $423.40 million for the quarter, compared to the consensus estimate of $411.50 million. As a group, sell-side analysts expect that Laureate Education, Inc. will post 1.51 EPS for the current year.

Insider Buying and Selling at Laureate Education

In related news, Director Ian Kendell Snow sold 520,831 shares of the company’s 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.32% of the company’s stock.

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.