Alberta Investment Management Corp Has $14.09 Million Holdings in Laureate Education (NASDAQ:LAUR)

Key Points

• Alberta Investment Management Corp has reduced its holdings in Laureate Education by 18.9%, now owning 688,742 shares worth approximately $14.1 million.
• Laureate Education reported a quarterly EPS of $0.79, exceeding expectations, with revenue of $524.2 million, up 5% year-over-year.
• Analysts have raised Laureate Education's rating to "strong-buy" and increased the target price from $23.00 to $24.00.

Alberta Investment Management Corp reduced its stake in shares of Laureate Education (NASDAQ:LAUR - Free Report) by 18.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 688,742 shares of the company's stock after selling 160,266 shares during the quarter. Alberta Investment Management Corp owned approximately 0.46% of Laureate Education worth $14,085,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Laureate Education by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,090,486 shares of the company's stock valued at $129,683,000 after buying an additional 87,267 shares in the last quarter. Marathon Asset Management Ltd boosted its holdings in shares of Laureate Education by 6.6% in the 1st quarter. Marathon Asset Management Ltd now owns 1,816,234 shares of the company's stock valued at $37,142,000 after buying an additional 112,492 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Laureate Education by 7.4% in the 4th quarter. Invesco Ltd. now owns 1,761,870 shares of the company's stock valued at $32,225,000 after buying an additional 122,094 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Laureate Education by 18.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,663,351 shares of the company's stock valued at $30,424,000 after acquiring an additional 263,418 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Laureate Education by 4.7% during the fourth quarter. Northern Trust Corp now owns 1,317,529 shares of the company's stock valued at $24,098,000 after acquiring an additional 58,811 shares in the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LAUR has been the topic of a number of analyst reports. BMO Capital Markets raised their price objective on shares of Laureate Education from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Wall Street Zen upgraded shares of Laureate Education from a "hold" rating to a "strong-buy" rating in a report on Saturday.

Laureate Education Stock Up 1.2%

Shares of LAUR stock traded up $0.29 during trading hours on Tuesday, reaching $23.75. The company had a trading volume of 241,819 shares, compared to its average volume of 860,144. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.75. Laureate Education has a twelve month low of $14.08 and a twelve month high of $24.57. The company has a market capitalization of $3.53 billion, a P/E ratio of 13.90 and a beta of 0.54. The stock's fifty day simple moving average is $22.96 and its 200 day simple moving average is $21.07.

Laureate Education (NASDAQ:LAUR - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. Laureate Education had a return on equity of 29.46% and a net margin of 16.41%. The firm had revenue of $524.20 million for the quarter, compared to the consensus estimate of $502.00 million. During the same quarter in the previous year, the business earned $0.65 EPS. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts expect 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.