Nitorum Capital L.P. Has $16.24 Million Position 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% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 794,235 shares of the company's stock after selling 334,045 shares during the quarter. Laureate Education accounts for 2.3% of Nitorum Capital L.P.'s portfolio, making the stock its 20th largest holding. Nitorum Capital L.P. owned approximately 0.53% of Laureate Education worth $16,242,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Laureate Education by 3.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,173 shares of the company's stock valued at $2,008,000 after acquiring an additional 2,838 shares during the period. AQR Capital Management LLC lifted its position in Laureate Education by 48.7% in the first quarter. AQR Capital Management LLC now owns 156,668 shares of the company's stock worth $3,204,000 after purchasing an additional 51,337 shares during the period. Dark Forest Capital Management LP lifted its position in Laureate Education by 1,099.1% in the first quarter. Dark Forest Capital Management LP now owns 330,060 shares of the company's stock worth $6,750,000 after purchasing an additional 302,535 shares during the period. Vident Advisory LLC bought a new position in Laureate Education in the first quarter worth $3,859,000. Finally, Driehaus Capital Management LLC lifted its position in Laureate Education by 1.1% in the first quarter. Driehaus Capital Management LLC now owns 449,287 shares of the company's stock worth $9,188,000 after purchasing an additional 4,715 shares during the period. 96.27% of the stock is owned by institutional investors.

Laureate Education Price Performance

Laureate Education stock traded up $0.13 during mid-day trading on Friday, hitting $27.85. 742,478 shares of the company were exchanged, compared to its average volume of 806,179. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $24.89 and a 200 day moving average of $22.25. Laureate Education has a 1-year low of $14.45 and a 1-year high of $28.16. The company has a market capitalization of $4.10 billion, a PE ratio of 16.38 and a beta of 0.58.

Laureate Education (NASDAQ:LAUR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $502.00 million. During the same period in the prior year, the company posted $0.65 earnings per share. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. Laureate Education has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Laureate Education will post 1.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Laureate Education from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company 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.