Northern Trust Corp Reduces Stake in Laureate Education $LAUR

Key Points

• Northern Trust Corp reduced its stake in Laureate Education by 2.6%, holding 1,283,197 shares valued at approximately $26.24 million by the end of the first quarter.
• Laureate Education received a rating upgrade from "hold" to "strong-buy" by Wall Street Zen, with a current consensus rating of "Buy" and a price target of $24.00.
• The company reported a quarterly EPS of $0.79, exceeding estimates, along with a revenue of $524.20 million, marking a 5.0% increase year-over-year.

Northern Trust Corp reduced its stake in Laureate Education (NASDAQ:LAUR - Free Report) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,283,197 shares of the company's stock after selling 34,332 shares during the quarter. Northern Trust Corp owned approximately 0.85% of Laureate Education worth $26,241,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CWM LLC raised its holdings in Laureate Education by 260.1% in the 1st quarter. CWM LLC now owns 4,901 shares of the company's stock worth $100,000 after purchasing an additional 3,540 shares during the period. Assenagon Asset Management S.A. raised its holdings in Laureate Education by 144.7% during the first quarter. Assenagon Asset Management S.A. now owns 355,513 shares of the company's stock valued at $7,270,000 after acquiring an additional 210,239 shares during the period. Cerity Partners LLC raised its holdings in Laureate Education by 43.3% during the first quarter. Cerity Partners LLC now owns 25,838 shares of the company's stock valued at $528,000 after acquiring an additional 7,813 shares during the period. 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 valued at $19,126,000 after acquiring an additional 282,901 shares during the period. Finally, Susquehanna International Group LLP raised its holdings in Laureate Education by 84.8% during the fourth quarter. Susquehanna International Group LLP now owns 172,313 shares of the company's stock valued at $3,152,000 after acquiring an additional 79,051 shares during the period. 96.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Laureate Education Price Performance

Shares of LAUR stock traded down $0.14 during trading hours on Thursday, hitting $27.81. The stock had a trading volume of 307,234 shares, compared to its average volume of 864,778. Laureate Education has a one year low of $14.45 and a one year high of $28.16. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock's 50-day moving average price is $24.69 and its two-hundred day moving average price is $22.12. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 16.35 and a beta of 0.58.

Laureate Education (NASDAQ:LAUR - Get Free Report) last issued its earnings results 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 for the quarter, compared to analysts' expectations of $502.00 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The business's revenue was up 5.0% compared to the same quarter last year. Laureate Education has set its FY 2025 guidance at EPS. Equities analysts forecast that Laureate Education will post 1.51 EPS for the current 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.