Laureate Education $LAUR Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. reduced its stake in Laureate Education by 11.9%, now owning approximately 0.21% of the company, valued at about $7.3 million.
• Laureate Education reported a quarterly EPS of $0.79, exceeding analysts' expectations of $0.73, with revenue of $524.2 million for the period.
• Research analysts lowered Laureate Education's rating from "strong-buy" to "buy" while UBS issued a "buy" rating with a price target of $35.00.

Assenagon Asset Management S.A. trimmed its holdings in shares of Laureate Education (NASDAQ:LAUR - Free Report) by 11.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313,124 shares of the company's stock after selling 42,389 shares during the period. Assenagon Asset Management S.A. owned about 0.21% of Laureate Education worth $7,321,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of LAUR. Blue Trust Inc. purchased a new position in Laureate Education in the first quarter worth $62,000. Avanza Fonder AB acquired a new position in shares of Laureate Education during the 1st quarter worth $93,000. CWM LLC grew its stake in shares of Laureate Education by 260.1% during the 1st quarter. CWM LLC now owns 4,901 shares of the company's stock worth $100,000 after purchasing an additional 3,540 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Laureate Education in the 1st quarter valued at about $102,000. Finally, GAMMA Investing LLC lifted its stake in shares of Laureate Education by 1,875.1% in the first quarter. GAMMA Investing LLC now owns 6,340 shares of the company's stock valued at $130,000 after purchasing an additional 6,019 shares during the period. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Laureate Education Price Performance

Shares of LAUR opened at $30.75 on Wednesday. The firm has a market cap of $4.53 billion, a PE ratio of 18.09 and a beta of 0.58. The company's fifty day moving average is $26.23 and its two-hundred day moving average is $23.03. Laureate Education has a fifty-two week low of $15.15 and a fifty-two week high of $31.07. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07.

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 business had revenue of $524.20 million during 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 business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Laureate Education has set its FY 2025 guidance at EPS. Analysts forecast that Laureate Education will post 1.51 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on LAUR shares. Wall Street Zen lowered shares of Laureate Education from a "strong-buy" rating to a "buy" rating in a research report on Saturday. UBS Group assumed coverage on Laureate Education in a report on Friday, September 19th. They issued a "buy" rating and a $35.00 price target on the stock. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $29.50.

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.

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