Allianz Asset Management GmbH Buys 39,808 Shares of 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 raised its holdings in Laureate Education (NASDAQ:LAUR - Free Report) by 171.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,089 shares of the company's stock after purchasing 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 SEC filing.

A number of other large investors have also recently modified their holdings of LAUR. Blue Trust Inc. acquired a new stake in shares of Laureate Education in the 1st quarter valued at $62,000. Avanza Fonder AB bought a new position in shares of Laureate Education in the 1st quarter valued at $93,000. CWM LLC lifted its stake in shares of Laureate Education by 260.1% in the 1st 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 bought a new position in shares of Laureate Education in the 1st quarter valued at $102,000. Finally, GAMMA Investing LLC lifted its stake in shares of Laureate Education by 1,875.1% in the 1st quarter. GAMMA Investing LLC now owns 6,340 shares of the company's stock valued at $130,000 after acquiring an additional 6,019 shares during the last quarter. Institutional investors and hedge funds own 96.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LAUR. Wall Street Zen cut Laureate Education from a "buy" rating to a "hold" rating in a research note on Monday, July 7th. BMO Capital Markets increased their price target on Laureate Education from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Monday, May 5th.

Laureate Education Price Performance

Shares of LAUR traded up $0.31 during trading hours on Friday, reaching $22.91. The stock had a trading volume of 1,160,611 shares, compared to its average volume of 1,259,830. Laureate Education has a 12 month low of $13.60 and a 12 month high of $24.57. The stock has a market capitalization of $3.41 billion, a PE ratio of 13.48 and a beta of 0.54. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.58 and a current ratio of 0.58. The company's 50-day moving average is $22.90 and its two-hundred day moving average is $20.97.

Laureate Education (NASDAQ:LAUR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.06. The company 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 30.52% and a net margin of 16.41%. Laureate Education's revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. Research analysts expect that Laureate Education will post 1.51 EPS for the current 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.