Public Sector Pension Investment Board Buys Shares of 487,806 Laureate Education $LAUR

Key Points

• The Public Sector Pension Investment Board acquired 487,806 shares of Laureate Education, valued at approximately $9.98 million, representing about 0.32% of the company's total shares.
• Laureate Education reported a 0.79 EPS for the latest quarter, exceeding estimates and showing a 5.0% year-over-year revenue growth to $524.2 million.
• Analysts have recently upgraded LAUR's rating to strong-buy, with BMO Capital Markets raising its price target from $23 to $24, indicating positive sentiment towards the stock.

Public Sector Pension Investment Board bought a new position in shares of Laureate Education (NASDAQ:LAUR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 487,806 shares of the company's stock, valued at approximately $9,976,000. Public Sector Pension Investment Board owned 0.32% of Laureate Education at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LAUR. Wells Fargo & Company MN increased its stake in shares of Laureate Education by 20.0% during the fourth quarter. Wells Fargo & Company MN now owns 112,136 shares of the company's stock worth $2,051,000 after purchasing an additional 18,695 shares during the period. Cerity Partners LLC bought a new position in shares of Laureate Education during the fourth quarter worth approximately $327,000. Invesco Ltd. increased its stake in shares of Laureate Education by 7.4% during the fourth quarter. Invesco Ltd. now owns 1,761,870 shares of the company's stock worth $32,225,000 after purchasing an additional 122,094 shares during the period. Legal & General Group Plc increased its stake in shares of Laureate Education by 4.2% during the fourth quarter. Legal & General Group Plc now owns 175,018 shares of the company's stock worth $3,201,000 after purchasing an additional 6,974 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Laureate Education by 2,702.0% during the fourth quarter. Renaissance Technologies LLC now owns 285,800 shares of the company's stock worth $5,227,000 after purchasing an additional 275,600 shares during the period. Institutional investors own 96.27% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LAUR. BMO Capital Markets increased their target price on Laureate Education from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Wall Street Zen raised Laureate Education from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 2nd.

Laureate Education Price Performance

NASDAQ:LAUR traded up $0.10 during trading hours on Monday, reaching $26.01. 238,567 shares of the company were exchanged, compared to its average volume of 869,508. The company has a market capitalization of $3.83 billion, a P/E ratio of 15.30 and a beta of 0.54. Laureate Education has a 1-year low of $14.45 and a 1-year high of $26.72. 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 business has a 50 day moving average of $23.48 and a 200 day moving average of $21.48.

Laureate Education (NASDAQ:LAUR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.06. The business 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%. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 earnings per share. Research 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.