Deutsche Bank AG Has $13.48 Million Stake in Laureate Education $LAUR

Key Points

• Deutsche Bank AG reduced its stake in Laureate Education by 19.1% during the first quarter, owning 659,140 shares worth approximately $13.48 million as of its latest SEC filing.
• Laureate Education's stock recently traded at $25.91, with a 12-month trading range of $14.45 to $26.72, indicating a solid performance over the past year.
• Analysts have upgraded Laureate Education, with Wall Street Zen raising its rating from "hold" to "strong-buy" and BMO Capital Markets increasing its price target from $23.00 to $24.00.

Deutsche Bank AG reduced its stake in shares of Laureate Education (NASDAQ:LAUR - Free Report) by 19.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 659,140 shares of the company's stock after selling 155,635 shares during the period. Deutsche Bank AG owned 0.44% of Laureate Education worth $13,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. CWM LLC boosted its holdings in Laureate Education by 260.1% during the first quarter. CWM LLC now owns 4,901 shares of the company's stock valued at $100,000 after acquiring an additional 3,540 shares during the period. Assenagon Asset Management S.A. boosted its holdings 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 acquiring an additional 210,239 shares during the period. Cerity Partners LLC boosted 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 acquiring an additional 7,813 shares during the period. Northern Trust Corp boosted its holdings in Laureate Education by 4.7% during the fourth quarter. Northern Trust Corp now owns 1,317,529 shares of the company's stock valued at $24,098,000 after acquiring an additional 58,811 shares during the period. Finally, Fiera Capital Corp boosted its holdings in Laureate Education by 43.4% during the first quarter. Fiera Capital Corp now owns 935,239 shares of the company's stock valued at $19,126,000 after acquiring an additional 282,901 shares during the period. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on LAUR shares. BMO Capital Markets upped their price objective on shares of Laureate Education from $23.00 to $24.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Wall Street Zen raised Laureate Education from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 2nd.

Laureate Education Stock Performance

Laureate Education stock traded up $0.21 during trading hours on Monday, hitting $26.12. The stock had a trading volume of 308,247 shares, compared to its average volume of 870,377. Laureate Education has a fifty-two week low of $14.45 and a fifty-two week high of $26.72. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.85 billion, a PE ratio of 15.38 and a beta of 0.54. The company has a 50-day moving average of $23.48 and a two-hundred day moving average of $21.48.

Laureate Education (NASDAQ:LAUR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $502.00 million. During the same quarter in the prior year, the business posted $0.65 earnings per share. The company's quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that Laureate Education will post 1.51 EPS for the current fiscal year.

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.