Harbor Capital Advisors Inc. Grows Stock Position in Laureate Education, Inc. (NASDAQ:LAUR)

Harbor Capital Advisors Inc. grew its position in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 914,092 shares of the company’s stock after buying an additional 89,107 shares during the quarter. Laureate Education accounts for 0.7% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 11th largest holding. Harbor Capital Advisors Inc.’s holdings in Laureate Education were worth $16,719,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in shares of Laureate Education by 3.9% during the second quarter. Rhumbline Advisers now owns 198,778 shares of the company’s stock valued at $2,970,000 after acquiring an additional 7,502 shares during the last quarter. Victory Capital Management Inc. lifted its position in Laureate Education by 13.6% during the second quarter. Victory Capital Management Inc. now owns 69,663 shares of the company’s stock worth $1,041,000 after buying an additional 8,346 shares during the period. Arizona State Retirement System boosted its stake in Laureate Education by 2.1% in the 2nd 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. American Century Companies Inc. grew its holdings in Laureate Education by 15.6% in the 2nd quarter. American Century Companies Inc. now owns 303,647 shares of the company’s stock valued at $4,536,000 after buying an additional 41,006 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Laureate Education by 56.7% during the 2nd quarter. Renaissance Technologies LLC now owns 330,400 shares of the company’s stock valued at $4,936,000 after acquiring an additional 119,600 shares during the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Insider Activity

In related news, Director Corro Pedro Del sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $19.58, for a total transaction of $489,500.00. Following the completion of the transaction, the director now directly owns 29,686 shares in the company, valued at $581,251.88. This represents a 45.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Laureate Education Stock Performance

Shares of NASDAQ LAUR traded down $0.71 during trading hours on Friday, reaching $17.97. The stock had a trading volume of 103,884 shares, compared to its average volume of 393,929. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 11.37 and a beta of 0.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.63 and a quick ratio of 0.63. The business’s fifty day moving average is $18.56 and its two-hundred day moving average is $16.44. Laureate Education, Inc. has a twelve month low of $12.45 and a twelve month high of $19.98.

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