Zurcher Kantonalbank Zurich Cantonalbank Buys 5,328 Shares of Laureate Education (NASDAQ:LAUR)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Laureate Education (NASDAQ:LAUR) by 14.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,919 shares of the company’s stock after buying an additional 5,328 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Laureate Education were worth $878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LAUR. CWM LLC boosted its stake in shares of 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 during the last quarter. Raymond James Financial Inc. purchased a new position in Laureate Education during the fourth quarter valued at $408,000. Assenagon Asset Management S.A. lifted its position in Laureate Education by 144.7% during the first quarter. Assenagon Asset Management S.A. now owns 355,513 shares of the company’s stock valued at $7,270,000 after purchasing an additional 210,239 shares in the last quarter. Cerity Partners LLC grew its holdings in Laureate Education by 43.3% during the first quarter. Cerity Partners LLC now owns 25,838 shares of the company’s stock valued at $528,000 after purchasing an additional 7,813 shares during the period. Finally, Northern Trust Corp increased its position in Laureate Education by 4.7% in the fourth quarter. Northern Trust Corp now owns 1,317,529 shares of the company’s stock worth $24,098,000 after buying an additional 58,811 shares in the last quarter. 96.27% of the stock is owned by institutional investors.

Laureate Education Stock Up 1.0%

LAUR opened at $23.70 on Wednesday. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 13.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm’s fifty day moving average is $22.96 and its 200 day moving average is $21.07. Laureate Education has a fifty-two week low of $14.08 and a fifty-two week high of $24.57.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The business had revenue of $524.20 million for the quarter, compared to the consensus estimate of $502.00 million. Laureate Education had a return on equity of 29.46% and a net margin of 16.41%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. On average, sell-side analysts forecast that Laureate Education will post 1.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LAUR. Wall Street Zen raised Laureate Education from a “hold” rating to a “strong-buy” rating in a research report on Saturday. BMO Capital Markets lifted their price target on shares of Laureate Education from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, May 5th.

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.