Amundi Sells 101,267 Shares of Laureate Education $LAUR

Key Points

• Amundi has decreased its stake in Laureate Education by 39.1%, selling 101,267 shares, while still holding 157,901 shares valued at approximately $3.2 million.
• Laureate Education's stock has been upgraded from a "hold" to a "strong-buy" rating, with an average target price set at $24.00.
• Laureate Education reported a $0.79 EPS in its recent quarterly earnings, surpassing estimates, with revenues of $524.20 million, representing a 5% year-over-year increase.

Amundi decreased its holdings in shares of Laureate Education (NASDAQ:LAUR - Free Report) by 39.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 157,901 shares of the company's stock after selling 101,267 shares during the period. Amundi owned approximately 0.10% of Laureate Education worth $3,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LAUR. Mackenzie Financial Corp increased its position in shares of Laureate Education by 2.8% in the 1st quarter. Mackenzie Financial Corp now owns 23,513 shares of the company's stock valued at $481,000 after buying an additional 631 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of Laureate Education by 1.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 52,706 shares of the company's stock valued at $1,078,000 after buying an additional 768 shares in the last quarter. Cannon Global Investment Management LLC increased its position in shares of Laureate Education by 4.2% in the 1st quarter. Cannon Global Investment Management LLC now owns 19,800 shares of the company's stock valued at $405,000 after buying an additional 800 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Laureate Education by 4.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 22,290 shares of the company's stock valued at $456,000 after buying an additional 998 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in shares of Laureate Education by 2.5% in the 1st quarter. KLP Kapitalforvaltning AS now owns 52,500 shares of the company's stock valued at $1,074,000 after buying an additional 1,300 shares in the last quarter. Institutional investors own 96.27% of the company's stock.

Wall Street Analyst Weigh In

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

Laureate Education Stock Up 0.4%

LAUR stock traded up $0.13 during trading hours on Monday, reaching $29.52. 615,869 shares of the stock were exchanged, compared to its average volume of 865,267. The firm's 50-day moving average is $25.37 and its 200-day moving average is $22.55. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 17.36 and a beta of 0.58. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.75. Laureate Education has a 12 month low of $15.15 and a 12 month high of $29.68.

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

About Laureate Education

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.