Allianz Asset Management GmbH Has $1.29 Million Position in Laureate Education (NASDAQ:LAUR)

Key Points

• Allianz Asset Management GmbH increased its stake in Laureate Education by 171.0%, now holding over 63,000 shares valued at approximately $1.29 million.
• Laureate Education's stock has experienced a price range with a 52-week low of $13.60 and a high of $24.57, currently trading around $22.60.
• In its latest quarterly earnings report, Laureate Education beat earnings estimates with a reported EPS of $0.79 compared to the expected $0.73, and revenues were up 5.0% year-over-year.

Allianz Asset Management GmbH boosted its stake in shares of Laureate Education (NASDAQ:LAUR - Free Report) by 171.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,089 shares of the company's stock after acquiring an additional 39,808 shares during the quarter. Allianz Asset Management GmbH's holdings in Laureate Education were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LAUR. Blue Trust Inc. purchased a new position in Laureate Education in the 1st quarter valued at approximately $62,000. Avanza Fonder AB acquired a new position in Laureate Education in the first quarter valued at $93,000. CWM LLC boosted its holdings in Laureate Education by 260.1% in 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 last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Laureate Education during the first quarter worth about $102,000. Finally, GAMMA Investing LLC increased its position in shares of Laureate Education by 1,875.1% during the first quarter. GAMMA Investing LLC now owns 6,340 shares of the company's stock worth $130,000 after acquiring an additional 6,019 shares during the last quarter. 96.27% of the stock is owned by institutional investors and hedge funds.

Laureate Education Price Performance

LAUR traded up $0.46 during trading on Monday, reaching $23.37. The stock had a trading volume of 154,547 shares, compared to its average volume of 859,484. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 13.75 and a beta of 0.54. 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 has a 1-year low of $13.60 and a 1-year high of $24.57. The stock has a 50 day moving average of $22.92 and a two-hundred day moving average of $21.03.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. BMO Capital Markets boosted their price objective on 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 research report on Saturday.

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.