Strs Ohio Makes New Investment in Laureate Education $LAUR

Key Points

• Strs Ohio purchased a new position in Laureate Education during the first quarter, acquiring 41,000 shares valued at approximately $838,000.
• Laureate Education reported a quarterly earnings per share (EPS) of $0.79, exceeding expectations and marking a 5.0% year-over-year revenue increase.
• Despite recent changes in analyst ratings, the stock maintains a consensus rating of "Buy" with a target price of $29.50.

Strs Ohio bought a new position in shares of Laureate Education (NASDAQ:LAUR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 41,000 shares of the company's stock, valued at approximately $838,000.

A number of other institutional investors have also added to or reduced their stakes in LAUR. Bank of America Corp DE grew its position in Laureate Education by 0.9% in the 4th quarter. Bank of America Corp DE now owns 188,576 shares of the company's stock worth $3,449,000 after purchasing an additional 1,634 shares in the last quarter. Millennium Management LLC grew its position in shares of Laureate Education by 94.7% during the 4th quarter. Millennium Management LLC now owns 237,632 shares of the company's stock valued at $4,346,000 after acquiring an additional 115,606 shares during the period. Nuveen Asset Management LLC grew its position in shares of Laureate Education by 12.3% during the 4th quarter. Nuveen Asset Management LLC now owns 1,264,968 shares of the company's stock valued at $23,136,000 after acquiring an additional 138,135 shares during the period. ProShare Advisors LLC grew its position in shares of Laureate Education by 44.7% during the 4th quarter. ProShare Advisors LLC now owns 36,687 shares of the company's stock valued at $671,000 after acquiring an additional 11,341 shares during the period. Finally, Two Sigma Investments LP grew its position in shares of Laureate Education by 43.3% during the 4th quarter. Two Sigma Investments LP now owns 91,659 shares of the company's stock valued at $1,676,000 after acquiring an additional 27,699 shares during the period. 96.27% of the stock is owned by institutional investors.

Laureate Education Price Performance

Shares of Laureate Education stock traded down $0.13 on Tuesday, hitting $30.63. 72,338 shares of the company traded hands, compared to its average volume of 872,147. The firm's 50-day simple moving average is $26.08 and its 200 day simple moving average is $22.98. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.07. The company has a market cap of $4.51 billion, a P/E ratio of 18.03 and a beta of 0.58. Laureate Education has a 12-month low of $15.15 and a 12-month high of $30.82.

Laureate Education (NASDAQ:LAUR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The firm had revenue of $524.20 million for the quarter, compared to analysts' expectations of $502.00 million. Laureate Education had a net margin of 16.41% and a return on equity of 29.46%. The business's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. Laureate Education has set its FY 2025 guidance at EPS. Analysts expect that Laureate Education will post 1.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Laureate Education from a "strong-buy" rating to a "buy" rating in a research report on Saturday. UBS Group assumed coverage on shares of Laureate Education in a research report on Friday. They set a "buy" rating and a $35.00 target price for the company. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Laureate Education presently has a consensus rating of "Buy" and an average target price of $29.50.

Laureate Education Company 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.