Laureate Education $LAUR Shares Sold by Swedbank AB

Key Points

• Swedbank AB reduced its stake in Laureate Education by 1.6%, now holding approximately 1.27% of the company, valued at $44.09 million.
• Several institutional investors increased their holdings in Laureate Education, with Vanguard Group growing its position by 3.1% in the first quarter.
• The stock currently holds a consensus rating of "Buy" with an average price target of $29.50, following a recent earnings report that exceeded expectations.

Swedbank AB lessened its position in shares of Laureate Education (NASDAQ:LAUR - Free Report) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,885,949 shares of the company's stock after selling 30,000 shares during the quarter. Swedbank AB owned approximately 1.27% of Laureate Education worth $44,093,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mackenzie Financial Corp raised its stake in shares of Laureate Education by 2.8% during the 1st quarter. Mackenzie Financial Corp now owns 23,513 shares of the company's stock worth $481,000 after buying an additional 631 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Laureate Education by 1.5% in the first quarter. SummerHaven Investment Management LLC now owns 52,706 shares of the company's stock worth $1,078,000 after acquiring an additional 768 shares during the last quarter. Cannon Global Investment Management LLC raised its holdings in shares of Laureate Education by 4.2% in the first quarter. Cannon Global Investment Management LLC now owns 19,800 shares of the company's stock worth $405,000 after acquiring an additional 800 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Laureate Education by 4.7% in the first quarter. Nisa Investment Advisors LLC now owns 22,290 shares of the company's stock worth $456,000 after acquiring an additional 998 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its holdings in shares of Laureate Education by 2.5% in the first quarter. KLP Kapitalforvaltning AS now owns 52,500 shares of the company's stock worth $1,074,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 96.27% of the company's stock.

Laureate Education Trading Up 0.0%

LAUR traded up $0.01 during midday trading on Tuesday, hitting $30.76. The company's stock had a trading volume of 131,929 shares, compared to its average volume of 872,696. 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 firm has a market cap of $4.53 billion, a P/E ratio of 18.09 and a beta of 0.58. The firm has a 50-day moving average price of $26.08 and a two-hundred day moving average price of $22.98. Laureate Education has a 52-week low of $15.15 and a 52-week high of $30.83.

Laureate Education (NASDAQ:LAUR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.79 EPS for the quarter, beating 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 company had revenue of $524.20 million during the quarter, compared to analysts' expectations of $502.00 million. During the same quarter in the previous year, the business earned $0.65 EPS. The firm's revenue was up 5.0% on a year-over-year basis. Laureate Education has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Laureate Education will post 1.51 earnings per share for the current year.

Analysts Set New Price Targets

LAUR has been the subject of several analyst reports. Wall Street Zen downgraded shares of Laureate Education from a "strong-buy" rating to a "buy" rating in a research note on Saturday. UBS Group initiated coverage on shares of Laureate Education in a research note on Friday. They issued a "buy" rating and a $35.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus 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.