Laureate Education $LAUR Shares Bought by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in Laureate Education by 173.5% in the first quarter, owning approximately 225,647 shares valued at $4.61 million.
• Wall Street analysts have recently upgraded Laureate Education's rating, with BMO Capital Markets increasing its price target from $23.00 to $24.00.
• Laureate Education reported $0.79 EPS for the last quarter, surpassing analysts' expectations and demonstrating a year-over-year revenue growth of 5%.

Algert Global LLC lifted its holdings in Laureate Education (NASDAQ:LAUR - Free Report) by 173.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,647 shares of the company's stock after purchasing an additional 143,137 shares during the period. Algert Global LLC owned about 0.15% of Laureate Education worth $4,614,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in Laureate Education by 20.0% during the fourth quarter. Wells Fargo & Company MN now owns 112,136 shares of the company's stock valued at $2,051,000 after buying an additional 18,695 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Laureate Education in the 4th quarter valued at approximately $327,000. Legal & General Group Plc lifted its position in shares of Laureate Education by 4.2% in the 4th quarter. Legal & General Group Plc now owns 175,018 shares of the company's stock valued at $3,201,000 after acquiring an additional 6,974 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Laureate Education by 2,702.0% in the 4th quarter. Renaissance Technologies LLC now owns 285,800 shares of the company's stock worth $5,227,000 after purchasing an additional 275,600 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Laureate Education during the 4th quarter worth approximately $408,000. Institutional investors and hedge funds own 96.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LAUR. Wall Street Zen upgraded Laureate Education from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 2nd. BMO Capital Markets boosted 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.

Laureate Education Stock Performance

Shares of LAUR stock opened at $26.10 on Tuesday. Laureate Education has a fifty-two week low of $14.45 and a fifty-two week high of $26.72. The stock's 50-day moving average is $23.56 and its two-hundred day moving average is $21.53. 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 cap of $3.85 billion, a P/E ratio of 15.35 and a beta of 0.54.

Laureate Education (NASDAQ:LAUR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.06. The firm had revenue of $524.20 million for the quarter, compared to the consensus estimate of $502.00 million. Laureate Education had a return on equity of 29.46% and a net margin of 16.41%. The firm's revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 earnings per share. Analysts predict that Laureate Education will post 1.51 earnings per share for the current fiscal 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.

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