GSA Capital Partners LLP Acquires New Shares in Laureate Education (NASDAQ:LAUR)

Key Points

• GSA Capital Partners LLP acquired 27,807 shares of Laureate Education during the 1st quarter, valued at approximately $569,000.
• Wall Street analysts are optimistic about Laureate Education, with BMO Capital Markets raising their price target from $23.00 to $24.00, while Wall Street Zen upgraded the stock from a "hold" to a "strong-buy" rating.
• Laureate Education reported an EPS of $0.79 for the last quarter, surpassing expectations of $0.73, with a revenue of $524.20 million compared to analyst projections of $502 million.

GSA Capital Partners LLP acquired a new position in shares of Laureate Education (NASDAQ:LAUR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 27,807 shares of the company's stock, valued at approximately $569,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LAUR. CWM LLC increased its holdings in shares of Laureate Education by 260.1% in the first quarter. CWM LLC now owns 4,901 shares of the company's stock worth $100,000 after acquiring an additional 3,540 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Laureate Education in the 4th quarter valued at approximately $408,000. Assenagon Asset Management S.A. increased its stake in Laureate Education by 144.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 355,513 shares of the company's stock worth $7,270,000 after purchasing an additional 210,239 shares in the last quarter. Cerity Partners LLC increased its stake in Laureate Education by 43.3% during the 1st quarter. Cerity Partners LLC now owns 25,838 shares of the company's stock worth $528,000 after purchasing an additional 7,813 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Laureate Education by 4.7% during the 4th 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 during the period. 96.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LAUR has been the subject of several research analyst reports. BMO Capital Markets upped 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. Wall Street Zen upgraded Laureate Education from a "hold" rating to a "strong-buy" rating in a report on Saturday.

Laureate Education Price Performance

Shares of NASDAQ LAUR opened at $22.91 on Monday. 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 business has a 50-day moving average of $22.92 and a 200-day moving average of $21.03. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 13.48 and a beta of 0.54. Laureate Education has a fifty-two week low of $13.60 and a fifty-two week high of $24.57.

Laureate Education (NASDAQ:LAUR - Get Free Report) last issued 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. 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 business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. As a group, sell-side analysts predict that Laureate Education will post 1.51 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.