RWC Asset Management LLP Invests $5.30 Million in Laureate Education (NASDAQ:LAUR)

Key Points

• RWC Asset Management LLP acquired 258,935 shares of Laureate Education, representing a stake of approximately 0.17% and valued at about $5.3 million.
• Institutional investors now own 96.27% of Laureate Education's stock, indicating strong institutional interest.
• Analysts have recently adjusted their ratings on LAUR, with Wall Street Zen downgrading it from "buy" to "hold" and BMO Capital Markets raising the target price from $23.00 to $24.00.

RWC Asset Management LLP bought a new stake in shares of Laureate Education (NASDAQ:LAUR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 258,935 shares of the company's stock, valued at approximately $5,295,000. RWC Asset Management LLP owned about 0.17% of Laureate Education at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LAUR. Blue Trust Inc. purchased a new position in shares of Laureate Education in the 1st quarter worth $62,000. Avanza Fonder AB purchased a new position in shares of Laureate Education in the 1st quarter worth $93,000. CWM LLC boosted its stake in shares of Laureate Education by 260.1% in the 1st quarter. CWM LLC now owns 4,901 shares of the company's stock worth $100,000 after buying an additional 3,540 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Laureate Education in the 1st quarter worth $102,000. Finally, GAMMA Investing LLC boosted its stake in shares of Laureate Education by 1,875.1% in the 1st quarter. GAMMA Investing LLC now owns 6,340 shares of the company's stock worth $130,000 after buying an additional 6,019 shares during the last quarter. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Laureate Education Stock Performance

Laureate Education stock traded down $0.42 during trading on Thursday, reaching $22.41. The company had a trading volume of 828,900 shares, compared to its average volume of 856,608. Laureate Education has a 52 week low of $13.60 and a 52 week high of $24.57. The firm's 50-day simple moving average is $22.89 and its 200 day simple moving average is $20.94. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 11.94 and a beta of 0.62. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.10.

Laureate Education (NASDAQ:LAUR - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.06. Laureate Education had a return on equity of 31.57% and a net margin of 18.84%. During the same period in the previous year, the company posted $0.65 EPS. The company's revenue was up 5.0% compared to the same quarter last year. Sell-side analysts forecast that Laureate Education will post 1.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LAUR has been the topic of a number of research reports. Wall Street Zen downgraded Laureate Education from a "buy" rating to a "hold" rating in a research note on Monday, July 7th. BMO Capital Markets raised their target price on Laureate Education from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Monday, May 5th.

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.