Ieq Capital LLC Takes $354,000 Position in Laureate Education $LAUR

Key Points

• Ieq Capital LLC recently acquired 17,294 shares of Laureate Education, valued at approximately $354,000, in the first quarter.
• Wall Street analysts have upgraded Laureate Education from a "hold" to a "strong-buy" rating, with an average price target of $24.00.
• Laureate Education reported a quarterly earnings per share (EPS) of $0.79, surpassing analyst expectations, and a revenue increase of 5.0% year-over-year.

Ieq Capital LLC purchased a new position in shares of Laureate Education (NASDAQ:LAUR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,294 shares of the company's stock, valued at approximately $354,000.

Several other hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp boosted its stake in shares of Laureate Education by 2.8% during the 1st quarter. Mackenzie Financial Corp now owns 23,513 shares of the company's stock worth $481,000 after purchasing an additional 631 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Laureate Education by 1.5% during the 1st quarter. SummerHaven Investment Management LLC now owns 52,706 shares of the company's stock worth $1,078,000 after acquiring an additional 768 shares during the period. Cannon Global Investment Management LLC lifted its holdings in shares of Laureate Education by 4.2% during the 1st quarter. Cannon Global Investment Management LLC now owns 19,800 shares of the company's stock worth $405,000 after acquiring an additional 800 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Laureate Education by 4.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 22,290 shares of the company's stock worth $456,000 after acquiring an additional 998 shares during the period. Finally, KLP Kapitalforvaltning AS lifted its holdings in shares of Laureate Education by 2.5% during the 1st quarter. KLP Kapitalforvaltning AS now owns 52,500 shares of the company's stock worth $1,074,000 after acquiring an additional 1,300 shares during the period. 96.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Laureate Education from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Laureate Education currently has a consensus rating of "Buy" and an average price target of $24.00.

Laureate Education Trading Up 4.6%

NASDAQ LAUR traded up $1.28 during mid-day trading on Thursday, hitting $29.04. The company's stock had a trading volume of 1,059,034 shares, compared to its average volume of 747,024. Laureate Education has a 52-week low of $14.77 and a 52-week high of $29.07. The stock's fifty day simple moving average is $25.26 and its two-hundred day simple moving average is $22.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $4.28 billion, a P/E ratio of 17.08 and a beta of 0.58.

Laureate Education (NASDAQ:LAUR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. Laureate Education had a net margin of 16.41% and a return on equity of 29.46%. The firm had revenue of $524.20 million for the quarter, compared to analyst estimates of $502.00 million. During the same quarter last year, the firm posted $0.65 earnings per share. Laureate Education's revenue for the quarter was up 5.0% compared to the same quarter last year. Laureate Education has set its FY 2025 guidance at EPS. Research analysts expect that Laureate Education will post 1.51 EPS for the current year.

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.