Cape Ann Asset Management Ltd Makes New Investment in Laureate Education, Inc. (NASDAQ:LAUR)

Cape Ann Asset Management Ltd bought a new stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,048,300 shares of the company’s stock, valued at approximately $17,412,000. Laureate Education makes up approximately 11.9% of Cape Ann Asset Management Ltd’s portfolio, making the stock its 4th biggest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LAUR. SG Americas Securities LLC purchased a new stake in shares of Laureate Education in the first quarter valued at $151,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Laureate Education by 9.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,918 shares of the company’s stock valued at $380,000 after purchasing an additional 2,130 shares during the last quarter. Vanguard Group Inc. raised its position in Laureate Education by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 14,231,273 shares of the company’s stock worth $207,350,000 after purchasing an additional 136,865 shares during the period. Lazard Asset Management LLC lifted its stake in Laureate Education by 6.9% in the first quarter. Lazard Asset Management LLC now owns 20,268 shares of the company’s stock worth $295,000 after purchasing an additional 1,301 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Laureate Education by 81.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 156,438 shares of the company’s stock valued at $2,280,000 after buying an additional 70,121 shares during the period. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets increased their price target 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 Stock Up 1.3 %

Shares of LAUR opened at $19.52 on Friday. 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 $2.94 billion, a P/E ratio of 12.35 and a beta of 0.82. The firm has a fifty day moving average price of $16.79 and a 200-day moving average price of $15.69. Laureate Education, Inc. has a 12-month low of $12.45 and a 12-month high of $19.58.

Laureate Education (NASDAQ:LAUR) last announced 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. The firm had revenue of $368.60 million during 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%. Laureate Education’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share. Equities research analysts expect that Laureate Education, Inc. will post 1.42 earnings per share for the current 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.