Principal Financial Group Inc. Has $189,000 Position in Laureate Education, Inc. (NASDAQ:LAUR)

Principal Financial Group Inc. reduced its holdings in Laureate Education, Inc. (NASDAQ:LAUR) by 13.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,325 shares of the company’s stock after selling 1,612 shares during the quarter. Principal Financial Group Inc.’s holdings in Laureate Education were worth $189,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted 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 valued at $52,918,000 after purchasing an additional 10,447 shares in the last quarter. State Street Corp raised its stake in shares of Laureate Education by 2.2% in the third quarter. State Street Corp now owns 3,116,661 shares of the company’s stock valued at $51,768,000 after acquiring an additional 68,122 shares during the last quarter. Swedbank AB raised its position in Laureate Education by 225.8% in the 3rd quarter. Swedbank AB now owns 2,513,300 shares of the company’s stock worth $41,746,000 after purchasing an additional 1,741,800 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Laureate Education by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,145,552 shares of the company’s stock worth $35,638,000 after purchasing an additional 80,570 shares during the last quarter. Finally, Cape Ann Asset Management Ltd bought a new position in Laureate Education in the 3rd quarter worth approximately $17,412,000. 96.27% of the stock is owned by institutional investors and hedge funds.

Laureate Education Stock Up 0.4 %

Shares of LAUR opened at $19.42 on Friday. Laureate Education, Inc. has a 12 month low of $13.26 and a 12 month high of $21.73. The firm’s 50 day moving average is $19.17 and its 200-day moving average is $17.75. The stock has a market capitalization of $2.93 billion, a PE ratio of 10.01 and a beta of 0.80. 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 issued its quarterly earnings results on Thursday, February 20th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $411.50 million. Laureate Education had a net margin of 18.92% and a return on equity of 32.35%. Equities research analysts forecast that Laureate Education, Inc. will post 1.51 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Laureate Education 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.