Barclays PLC Buys 172,405 Shares of Laureate Education, Inc. (NASDAQ:LAUR)

Barclays PLC increased its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 298.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 230,098 shares of the company’s stock after acquiring an additional 172,405 shares during the period. Barclays PLC’s holdings in Laureate Education were worth $3,823,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its stake in shares of Laureate Education by 3.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 22,174 shares of the company’s stock valued at $368,000 after purchasing an additional 682 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Laureate Education by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,753 shares of the company’s stock valued at $1,117,000 after purchasing an additional 759 shares during the last quarter. Van ECK Associates Corp boosted its position in Laureate Education by 51.0% in the third quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock valued at $36,000 after buying an additional 763 shares in the last quarter. Arizona State Retirement System grew its stake in Laureate Education by 2.1% during the second quarter. Arizona State Retirement System now owns 37,499 shares of the company’s stock worth $560,000 after buying an additional 783 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Laureate Education by 1.4% during the third quarter. Asset Management One Co. Ltd. now owns 62,777 shares of the company’s stock worth $1,043,000 after buying an additional 896 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Insider Buying and Selling

In other news, Director Corro Pedro Del sold 25,000 shares of the firm’s stock in a transaction dated 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 owns 29,686 shares of the company’s stock, valued at approximately $581,251.88. This trade represents a 45.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.32% of the company’s stock.

Analysts Set New Price Targets

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

Laureate Education Price Performance

Shares of LAUR stock opened at $18.36 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 11.62 and a beta of 0.82. The firm’s 50 day moving average is $17.80 and its 200-day moving average is $16.08. Laureate Education, Inc. has a 1 year low of $12.45 and a 1 year high of $19.98.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.40. The firm had revenue of $368.60 million for the quarter, compared to analyst estimates of $361.80 million. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.23 EPS. Sell-side analysts forecast that Laureate Education, Inc. will post 1.42 EPS for the current fiscal year.

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.