Martingale Asset Management L P Buys 42,325 Shares of Laureate Education $LAUR

Key Points

• Martingale Asset Management L P increased its position in Laureate Education by 32.0%, acquiring an additional 42,325 shares during the first quarter, bringing its total to 174,495 shares valued at $3,568,000.
• Analysts have notably upgraded their outlook for Laureate Education, with Wall Street Zen changing their rating from "hold" to "strong-buy" and BMO Capital Markets raising the target price from $23.00 to $24.00.
• Laureate Education reported a quarterly EPS of $0.79, exceeding estimates, with a revenue of $524.20 million, marking a year-over-year increase of 5%.

Martingale Asset Management L P boosted its stake in shares of Laureate Education (NASDAQ:LAUR - Free Report) by 32.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,495 shares of the company's stock after buying an additional 42,325 shares during the quarter. Martingale Asset Management L P owned approximately 0.12% of Laureate Education worth $3,568,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LAUR. Nuveen LLC purchased a new position in Laureate Education during the first quarter worth about $36,637,000. Public Sector Pension Investment Board acquired a new stake in Laureate Education in the first quarter valued at approximately $9,976,000. Invesco Ltd. raised its holdings in Laureate Education by 22.0% in the first quarter. Invesco Ltd. now owns 2,150,013 shares of the company's stock valued at $43,968,000 after acquiring an additional 388,143 shares in the last quarter. Vanguard Group Inc. raised its holdings in Laureate Education by 3.1% in the first quarter. Vanguard Group Inc. now owns 13,060,176 shares of the company's stock valued at $267,081,000 after acquiring an additional 387,567 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in Laureate Education by 43.4% during the first quarter. Fiera Capital Corp now owns 935,239 shares of the company's stock worth $19,126,000 after purchasing an additional 282,901 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Laureate Education Stock Up 0.8%

Shares of Laureate Education stock traded up $0.22 during trading on Wednesday, hitting $27.38. 123,324 shares of the stock traded hands, compared to its average volume of 863,559. Laureate Education has a twelve month low of $14.45 and a twelve month high of $27.41. The stock has a market cap of $4.03 billion, a P/E ratio of 16.11 and a beta of 0.54. The company has a fifty day moving average price of $24.10 and a two-hundred day moving average price of $21.81. 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 (NASDAQ:LAUR - Get Free Report) last released 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 analyst estimates of $502.00 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The company's quarterly revenue was up 5.0% on a year-over-year basis. Laureate Education has set its FY 2025 guidance at EPS. Equities research analysts predict that Laureate Education will post 1.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Laureate Education from $23.00 to $24.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Wall Street Zen raised shares of Laureate Education from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $24.00.

About Laureate Education

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.