State Board of Administration of Florida Retirement System Increases Position in Laureate Education, Inc. (NASDAQ:LAUR)

State Board of Administration of Florida Retirement System boosted its holdings in shares of Laureate Education, Inc. (NASDAQ:LAUR – Get Rating) by 21.7% in the 4th quarter, Holdings Channel reports. The fund owned 13,417 shares of the company’s stock after acquiring an additional 2,390 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Laureate Education were worth $129,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Laureate Education by 80.4% during the 1st quarter. Vanguard Group Inc. now owns 10,900,035 shares of the company’s stock worth $129,165,000 after buying an additional 4,858,080 shares in the last quarter. BlackRock Inc. grew its position in Laureate Education by 6.1% during the 3rd quarter. BlackRock Inc. now owns 9,253,115 shares of the company’s stock worth $97,621,000 after purchasing an additional 535,886 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Laureate Education by 13.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,304,619 shares of the company’s stock worth $51,013,000 after purchasing an additional 511,333 shares during the last quarter. Renaissance Technologies LLC grew its position in Laureate Education by 69.5% during the 1st quarter. Renaissance Technologies LLC now owns 1,238,700 shares of the company’s stock worth $14,679,000 after purchasing an additional 508,100 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Laureate Education during the 4th quarter worth $4,286,000. Hedge funds and other institutional investors own 71.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Morgan Stanley downgraded shares of Laureate Education from an “overweight” rating to an “equal weight” rating and set a $15.00 price objective on the stock. in a research report on Monday, May 8th. TheStreet raised shares of Laureate Education from a “c+” rating to a “b-” rating in a report on Monday, April 3rd.

Insiders Place Their Bets

In other Laureate Education news, COO Marcelo Cardoso sold 25,300 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $11.95, for a total transaction of $302,335.00. Following the completion of the sale, the chief operating officer now directly owns 139,306 shares in the company, valued at $1,664,706.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is owned by insiders.

Laureate Education Stock Up 0.5 %

Shares of NASDAQ LAUR opened at $12.32 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.26. Laureate Education, Inc. has a 52 week low of $9.24 and a 52 week high of $13.35. The firm has a 50-day moving average price of $11.82 and a 200 day moving average price of $11.05. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 23.69 and a beta of 0.77.

Laureate Education (NASDAQ:LAUR – Get Rating) last announced its earnings results on Thursday, May 4th. The company reported ($0.17) earnings per share (EPS) for the quarter. Laureate Education had a return on equity of 9.62% and a net margin of 6.78%. The business had revenue of $251.30 million for the quarter, compared to analyst estimates of $233.94 million. Equities research analysts anticipate that Laureate Education, Inc. will post 0.62 EPS for the current fiscal year.

Laureate Education Profile

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Laureate Education, Inc engages in the provision of higher educational services to undergraduate and graduate degree programs. It operates through the Mexico segment and Peru segment. The Mexico and Peru segments include the operation and management of universities. The company was founded by Douglas L.