Ritholtz Wealth Management Purchases 30,750 Shares of Laureate Education $LAUR

Key Points

• Ritholtz Wealth Management increased its stake in Laureate Education by 69.0%, purchasing an additional 30,750 shares during the second quarter, bringing its total holdings to 75,293 shares.
• Laureate Education reported a quarterly earnings per share of $0.79, exceeding analysts' expectations and showing a 5.0% increase in revenue compared to the previous year.
• Three analysts rated the stock as a Buy and one as Hold, with an average price target of $29.50, indicating a consensus rating of "Moderate Buy".

Ritholtz Wealth Management lifted its position in shares of Laureate Education (NASDAQ:LAUR - Free Report) by 69.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,293 shares of the company's stock after purchasing an additional 30,750 shares during the quarter. Ritholtz Wealth Management owned 0.05% of Laureate Education worth $1,760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. bought a new position in shares of Laureate Education during the first quarter worth $62,000. CWM LLC boosted its position in shares of Laureate Education by 260.1% during the first quarter. CWM LLC now owns 4,901 shares of the company's stock worth $100,000 after purchasing an additional 3,540 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Laureate Education by 1,875.1% during the first quarter. GAMMA Investing LLC now owns 6,340 shares of the company's stock worth $130,000 after purchasing an additional 6,019 shares in the last quarter. Avanza Fonder AB boosted its position in shares of Laureate Education by 54.8% during the second quarter. Avanza Fonder AB now owns 6,900 shares of the company's stock worth $161,000 after purchasing an additional 2,443 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Laureate Education during the second quarter worth $178,000. 96.27% of the stock is owned by institutional investors.

Laureate Education Stock Down 0.9%

Shares of LAUR stock opened at $29.35 on Friday. 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 $15.15 and a 1 year high of $31.74. The firm's fifty day moving average price is $28.51 and its two-hundred day moving average price is $24.24. The firm has a market capitalization of $4.33 billion, a P/E ratio of 17.26 and a beta of 0.63.

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, beating the consensus estimate of $0.73 by $0.06. Laureate Education had a net margin of 16.41% and a return on equity of 29.46%. The firm had revenue of $524.20 million for the quarter, compared to analyst estimates of $502.00 million. During the same period in the previous year, the business earned $0.65 EPS. The company's revenue was up 5.0% compared to the same quarter last year. Laureate Education has set its FY 2025 guidance at EPS. On average, equities analysts predict that Laureate Education will post 1.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LAUR has been the topic of a number of recent analyst reports. UBS Group started coverage on shares of Laureate Education in a research report on Friday, September 19th. They set a "buy" rating and a $35.00 price target on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Laureate Education in a research report on Wednesday, October 8th. Zacks Research cut shares of Laureate Education from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Finally, Wall Street Zen cut shares of Laureate Education from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 20th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.50.

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.

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