Public Sector Pension Investment Board acquired a new position in Laureate Education Inc (NASDAQ:LAUR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 217,700 shares of the company’s stock, valued at approximately $3,834,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. raised its stake in Laureate Education by 130.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 65,635 shares of the company’s stock valued at $983,000 after buying an additional 37,135 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Laureate Education in the third quarter worth about $175,000. State Street Corp raised its position in Laureate Education by 9.3% in the third quarter. State Street Corp now owns 2,094,123 shares of the company’s stock worth $34,710,000 after acquiring an additional 177,887 shares in the last quarter. California State Teachers Retirement System raised its position in Laureate Education by 11.5% in the third quarter. California State Teachers Retirement System now owns 163,352 shares of the company’s stock worth $2,708,000 after acquiring an additional 16,906 shares in the last quarter. Finally, Barclays PLC raised its position in Laureate Education by 18.7% in the third quarter. Barclays PLC now owns 119,113 shares of the company’s stock worth $1,974,000 after acquiring an additional 18,766 shares in the last quarter. Institutional investors own 57.24% of the company’s stock.
Several equities research analysts have commented on LAUR shares. Stifel Nicolaus boosted their price target on shares of Laureate Education from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. They noted that the move was a valuation call. Barrington Research reiterated a “buy” rating and issued a $22.00 price target on shares of Laureate Education in a research report on Tuesday, February 25th. Zacks Investment Research cut shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Wednesday, March 4th. ValuEngine upgraded shares of Laureate Education from a “sell” rating to a “hold” rating in a research report on Friday, March 13th. Finally, TheStreet downgraded Laureate Education from a “b-” rating to a “c” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Laureate Education presently has a consensus rating of “Hold” and a consensus target price of $22.83.
Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.19). The company had revenue of $883.20 million for the quarter, compared to analyst estimates of $881.75 million. Laureate Education had a return on equity of 0.58% and a net margin of 28.61%. Laureate Education’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. As a group, equities analysts expect that Laureate Education Inc will post 1.15 EPS for the current year.
About Laureate Education
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It operates through five segments: Brazil, Mexico, Andean, Rest of World, and Online & Partnerships. The company offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.
Featured Story: What is a balanced fund?
Want to see what other hedge funds are holding LAUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Laureate Education Inc (NASDAQ:LAUR).
Receive News & Ratings for Laureate Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laureate Education and related companies with MarketBeat.com's FREE daily email newsletter.