Nitorum Capital L.P. Trims Holdings in Laureate Education $LAUR

Key Points

• Nitorum Capital L.P. has reduced its stake in Laureate Education by 29.6%, now holding 794,235 shares, which constitutes approximately 2.3% of its total portfolio.
• Laureate Education recently reported earnings of $0.79 per share, exceeding analysts' expectations, with a revenue of $524.20 million for the quarter.
• Analysts have upgraded Laureate Education's stock rating from "hold" to "strong-buy," with an average target price set at $24.00.

Nitorum Capital L.P. trimmed its holdings in Laureate Education (NASDAQ:LAUR - Free Report) by 29.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 794,235 shares of the company's stock after selling 334,045 shares during the quarter. Laureate Education makes up about 2.3% of Nitorum Capital L.P.'s holdings, making the stock its 20th biggest position. Nitorum Capital L.P. owned 0.53% of Laureate Education worth $16,242,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. purchased a new position in Laureate Education during the 1st quarter worth $62,000. Avanza Fonder AB purchased a new position in Laureate Education during the 1st quarter worth $93,000. CWM LLC raised its position in Laureate Education by 260.1% during the 1st quarter. CWM LLC now owns 4,901 shares of the company's stock worth $100,000 after buying an additional 3,540 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Laureate Education during the 1st quarter worth $102,000. Finally, GAMMA Investing LLC raised its position in Laureate Education by 1,875.1% during the 1st quarter. GAMMA Investing LLC now owns 6,340 shares of the company's stock worth $130,000 after buying an additional 6,019 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company's stock.

Wall Street Analyst Weigh In

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

Laureate Education Price Performance

Shares of NASDAQ:LAUR traded down $0.01 on Wednesday, reaching $27.54. 312,699 shares of the company were exchanged, compared to its average volume of 861,817. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.07. Laureate Education has a 1-year low of $14.49 and a 1-year high of $28.16. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 16.20 and a beta of 0.58. The company has a 50-day moving average of $25.06 and a 200-day moving average of $22.34.

Laureate Education (NASDAQ:LAUR - Get Free Report) last issued 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. The firm had revenue of $524.20 million for the quarter, compared to analysts' expectations of $502.00 million. Laureate Education had a net margin of 16.41% and a return on equity of 29.46%. The firm's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 EPS. Laureate Education has set its FY 2025 guidance at EPS. Equities analysts forecast 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.