Banco Santander S.A. Trims Position in Laureate Education, Inc. (NASDAQ:LAUR)

Banco Santander S.A. decreased its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,355 shares of the company’s stock after selling 660 shares during the quarter. Banco Santander S.A.’s holdings in Laureate Education were worth $1,002,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of LAUR. Vanguard Group Inc. lifted its stake in shares of Laureate Education by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 14,231,273 shares of the company’s stock valued at $207,350,000 after purchasing an additional 136,865 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Laureate Education by 81.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 156,438 shares of the company’s stock valued at $2,280,000 after purchasing an additional 70,121 shares in the last quarter. Swedbank AB purchased a new position in Laureate Education in the first quarter valued at about $11,241,000. Harbor Capital Advisors Inc. lifted its stake in shares of Laureate Education by 207.4% during the third quarter. Harbor Capital Advisors Inc. now owns 824,985 shares of the company’s stock worth $13,703,000 after purchasing an additional 556,573 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Laureate Education by 56.7% in the second quarter. Renaissance Technologies LLC now owns 330,400 shares of the company’s stock worth $4,936,000 after buying an additional 119,600 shares during the period. Institutional investors and hedge funds own 96.27% of the company’s stock.

Laureate Education Stock Up 1.3 %

Shares of NASDAQ LAUR opened at $19.52 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 $19.58. The stock’s 50-day simple moving average is $16.73 and its 200-day simple moving average is $15.66. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 12.35 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. The company had revenue of $368.60 million for the quarter, compared to the consensus estimate of $361.80 million. Laureate Education had a return on equity of 27.13% and a net margin of 15.76%. 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.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley lowered Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 price target on the stock. in a research report on Friday, July 26th. BMO Capital Markets upped their target price on shares of Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

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.