Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Laureate Education (NASDAQ:LAUR – Free Report) by 41.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,181 shares of the company’s stock after buying an additional 63,578 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.15% of Laureate Education worth $5,101,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of LAUR. CWM LLC lifted its position in Laureate Education by 260.1% during the 1st quarter. CWM LLC now owns 4,901 shares of the company’s stock worth $100,000 after acquiring an additional 3,540 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Laureate Education by 11.8% during the second quarter. Parkside Financial Bank & Trust now owns 6,031 shares of the company’s stock valued at $141,000 after purchasing an additional 636 shares during the period. Avanza Fonder AB raised its stake in shares of Laureate Education by 54.8% during the second quarter. Avanza Fonder AB now owns 6,900 shares of the company’s stock valued at $161,000 after purchasing an additional 2,443 shares during the period. Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Laureate Education during the 2nd quarter valued at approximately $178,000. Finally, denkapparat Operations GmbH bought a new stake in Laureate Education during the second quarter valued at $312,000. Institutional investors and hedge funds own 96.27% of the company’s stock.
Laureate Education Price Performance
Shares of LAUR opened at $29.94 on Friday. Laureate Education has a one year low of $17.82 and a one year high of $32.42. The stock’s fifty day moving average is $30.06 and its 200-day moving average is $26.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 21.85 and a beta of 0.61.
Laureate Education declared that its board has approved a share buyback plan on Thursday, October 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Morgan Stanley upped their target price on Laureate Education from $26.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. UBS Group boosted their price objective on Laureate Education from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Laureate Education in a research report on Wednesday, October 8th. Zacks Research cut Laureate Education from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Wall Street Zen lowered shares of Laureate Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.67.
Get Our Latest Analysis on LAUR
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.
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