New Vernon Capital Holdings II LLC Grows Position in Laureate Education $LAUR

Key Points

• New Vernon Capital Holdings II LLC significantly increased its stake in Laureate Education, acquiring an additional 347,027 shares and boosting its holdings by 1,945.0% in the first quarter.
• Analysts have upgraded Laureate Education's rating from "hold" to "strong-buy," with a consensus price target of $24.00.
• The company reported earnings of $0.79 per share for the last quarter, exceeding estimates, while its revenue increased by 5.0% year-over-year to $524.20 million.

New Vernon Capital Holdings II LLC raised its holdings in shares of Laureate Education (NASDAQ:LAUR - Free Report) by 1,945.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 364,869 shares of the company's stock after purchasing an additional 347,027 shares during the period. New Vernon Capital Holdings II LLC owned approximately 0.24% of Laureate Education worth $7,462,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Laureate Education by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 13,060,176 shares of the company's stock valued at $267,081,000 after purchasing an additional 387,567 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Laureate Education by 22.0% in the 1st quarter. Invesco Ltd. now owns 2,150,013 shares of the company's stock worth $43,968,000 after buying an additional 388,143 shares during the last quarter. Marathon Asset Management Ltd boosted its stake 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 worth $37,142,000 after buying an additional 112,492 shares during the last quarter. Nuveen LLC purchased a new position in shares of Laureate Education in the 1st quarter worth $36,637,000. Finally, Northern Trust Corp boosted its stake in shares of Laureate Education by 4.7% in the 4th quarter. Northern Trust Corp now owns 1,317,529 shares of the company's stock worth $24,098,000 after buying an additional 58,811 shares during the last quarter. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Laureate Education from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $24.00.

Laureate Education Stock Performance

LAUR stock traded down $0.01 during midday trading on Wednesday, reaching $27.54. 312,699 shares of the company's stock traded hands, compared to its average volume of 861,817. The stock has a market cap of $4.06 billion, a P/E ratio of 16.20 and a beta of 0.58. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.07. The stock's 50-day moving average is $25.06 and its 200 day moving average is $22.34. Laureate Education has a 52-week low of $14.49 and a 52-week high of $28.16.

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. The company had revenue of $524.20 million for 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%.Laureate Education's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. Laureate Education has set its FY 2025 guidance at EPS. As a group, analysts anticipate 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.