Plato Investment Management Ltd Purchases New Stake in Laureate Education, Inc. (NASDAQ:LAUR)

Plato Investment Management Ltd acquired a new position in shares of Laureate Education, Inc. (NASDAQ:LAUR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,853 shares of the company’s stock, valued at approximately $147,000.

Several other large investors also recently made changes to their positions in the business. nVerses Capital LLC purchased a new stake in Laureate Education during the 2nd quarter worth $25,000. Van ECK Associates Corp lifted its stake in shares of Laureate Education by 51.0% during the third quarter. Van ECK Associates Corp now owns 2,259 shares of the company’s stock worth $36,000 after purchasing an additional 763 shares in the last quarter. Quarry LP purchased a new stake in shares of Laureate Education in the second quarter worth about $50,000. Allspring Global Investments Holdings LLC grew its stake in shares of Laureate Education by 24.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,889 shares of the company’s stock valued at $57,000 after buying an additional 764 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of Laureate Education in the third quarter valued at about $95,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. BMO Capital Markets upped 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. Morgan Stanley cut shares of Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 target price on the stock. in a research report on Friday, July 26th.

Laureate Education Stock Up 1.1 %

Shares of NASDAQ LAUR opened at $18.51 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. Laureate Education, Inc. has a 1 year low of $12.45 and a 1 year high of $19.12. The stock’s 50-day simple moving average is $16.33 and its 200-day simple moving average is $15.51. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 11.72 and a beta of 0.82.

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.40. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. The company had revenue of $368.60 million for the quarter, compared to the consensus estimate of $361.80 million. Laureate Education’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. As a group, equities analysts anticipate that Laureate Education, Inc. will post 1.42 earnings per share 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.