Laureate Education $LAUR Holdings Trimmed by Royal Bank of Canada

Key Points

• Royal Bank of Canada sold 74,110 shares of Laureate Education, reducing its stake by 8.8%, and now holds approximately 0.51% of the company, valued at about $15.8 million.
• Laureate Education reported $0.79 earnings per share for the last quarter, exceeding expectations, with quarterly revenue of $524.2 million.
• Wall Street Zen upgraded Laureate Education to a "strong-buy" rating, indicating positive sentiment among analysts, with a current average price target of $24.00.

Royal Bank of Canada lowered its position in shares of Laureate Education (NASDAQ:LAUR - Free Report) by 8.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 772,390 shares of the company's stock after selling 74,110 shares during the quarter. Royal Bank of Canada owned about 0.51% of Laureate Education worth $15,796,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Blue Trust Inc. purchased a new position in Laureate Education in the 1st quarter worth approximately $62,000. Avanza Fonder AB purchased a new position in Laureate Education in the 1st quarter worth approximately $93,000. CWM LLC boosted 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 acquiring an additional 3,540 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Laureate Education during the 1st quarter valued at approximately $102,000. Finally, GAMMA Investing LLC boosted its stake in shares of Laureate Education by 1,875.1% during the 1st quarter. GAMMA Investing LLC now owns 6,340 shares of the company's stock valued at $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 Laureate Education from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $24.00.

Laureate Education Price Performance

NASDAQ:LAUR traded up $0.13 during midday trading on Monday, hitting $29.52. 615,869 shares of the stock were exchanged, compared to its average volume of 766,372. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 17.36 and a beta of 0.58. Laureate Education has a one year low of $15.15 and a one year high of $29.68. The business has a 50-day moving average price of $25.48 and a two-hundred day moving average price of $22.62. 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 (NASDAQ:LAUR - Get Free Report) last posted 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. The company had revenue of $524.20 million for the quarter, compared to analysts' expectations of $502.00 million. Laureate Education had a return on equity of 29.46% and a net margin of 16.41%.The firm's revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. Laureate Education has set its FY 2025 guidance at EPS. Sell-side analysts predict 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.