State of New Jersey Common Pension Fund D Grows Stock Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

State of New Jersey Common Pension Fund D boosted its stake in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,815 shares of the company’s stock after purchasing an additional 11,202 shares during the period. State of New Jersey Common Pension Fund D owned about 0.09% of Laureate Education worth $2,156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Laureate Education by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 14,231,273 shares of the company’s stock valued at $207,350,000 after buying an additional 136,865 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Laureate Education by 81.2% in 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 acquiring an additional 70,121 shares during the period. Swedbank AB purchased a new position in Laureate Education in the first quarter worth about $11,241,000. Harbor Capital Advisors Inc. grew its stake in shares of Laureate Education by 207.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 824,985 shares of the company’s stock valued at $13,703,000 after purchasing an additional 556,573 shares during the period. Finally, Renaissance Technologies LLC increased its position 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 purchasing an additional 119,600 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Laureate Education Price Performance

LAUR stock opened at $18.30 on Friday. The company has a market capitalization of $2.76 billion, a PE ratio of 11.56 and a beta of 0.82. The company’s fifty day moving average price is $16.26 and its 200-day moving average price is $15.50. Laureate Education, Inc. has a one year low of $12.45 and a one year high of $19.12. 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 (NASDAQ:LAUR) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.56 earnings per share 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%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. On average, equities analysts anticipate that Laureate Education, Inc. will post 1.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LAUR has been the topic of several analyst reports. Morgan Stanley downgraded 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. BMO Capital Markets raised their price target on Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 1st.

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.