Laureate Education $LAUR Shares Newly Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC acquired a new position in Laureate Education (NASDAQ:LAUR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 25,055 shares of the company’s stock, valued at approximately $956,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Ninety One UK Ltd raised its position in Laureate Education by 34.5% in the 3rd quarter. Ninety One UK Ltd now owns 3,842,476 shares of the company’s stock worth $146,629,000 after buying an additional 984,671 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Laureate Education by 39.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,155,090 shares of the company’s stock valued at $40,243,000 after acquiring an additional 328,609 shares during the last quarter. Ninety One North America Inc. boosted its holdings in shares of Laureate Education by 1.5% during the 3rd quarter. Ninety One North America Inc. now owns 964,909 shares of the company’s stock valued at $36,821,000 after acquiring an additional 14,717 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Laureate Education by 26.0% in the first quarter. Renaissance Technologies LLC now owns 751,400 shares of the company’s stock worth $26,179,000 after acquiring an additional 155,200 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Laureate Education by 736.0% in the first quarter. Principal Financial Group Inc. now owns 726,646 shares of the company’s stock worth $25,316,000 after acquiring an additional 639,726 shares during the period. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on LAUR. Morgan Stanley boosted their price objective on shares of Laureate Education from $34.50 to $36.50 and gave the company an “underweight” rating in a report on Thursday, October 15th. Weiss Ratings cut shares of Laureate Education from a “buy (a)” rating to a “buy (a-)” rating in a report on Friday, October 30th. Barrington Research assumed coverage on shares of Laureate Education in a research report on Thursday, July 23rd. They issued an “outperform” rating and a $45.00 target price for the company. Finally, JPMorgan Chase & Co. downgraded shares of Laureate Education from an “overweight” rating to a “neutral” rating and set a $41.00 target price for the company. in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.90.

Laureate Education Stock Performance

Shares of NASDAQ LAUR opened at $34.56 on Tuesday. Laureate Education has a 12-month low of $24.98 and a 12-month high of $40.92. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.11 and a beta of 0.45. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $37.13 and a 200 day moving average of $35.57.

Laureate Education (NASDAQ:LAUR) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. Laureate Education had a net margin of 20.28% and a return on equity of 26.41%. The business had revenue of $485.09 million for the quarter, compared to the consensus estimate of $480.16 million. During the same period last year, the firm earned $0.23 earnings per share. The company’s quarterly revenue was up 21.2% on a year-over-year basis. On average, research analysts anticipate that Laureate Education will post 2.12 earnings per share for the current year.

Insider Activity

In other news, Director Ian Snow sold 427,019 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $36.26, for a total transaction of $15,483,708.94. Following the completion of the sale, the director owned 1,646,324 shares of the company’s stock, valued at $59,695,708.24. The trade was a 20.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 521,229 shares of company stock worth $19,103,350. Insiders own 1.50% of the company’s stock.

Laureate Education Profile

Laureate Education, Inc operates a network of private higher education institutions in Mexico and Peru. Its principal institutions are Universidad del Valle de México (UVM) and Universidad Peruana de Ciencias Aplicadas (UPC).

The company offers undergraduate and graduate degree programs, as well as other academic and professional education, across fields that include business, health sciences, engineering and technology. Its institutions serve students through campus-based and digital learning options.

Laureate traces its origins to Sylvan Learning Systems, founded in 1989, and later expanded internationally under the Laureate International Universities name.