Laureate Education $LAUR Stock Holdings Lessened by Swedbank AB

Key Points

• Swedbank AB has reduced its stake in Laureate Education by 23.8%, holding 1.29% of the company after selling 597,351 shares.
• Laureate Education reported earnings of $0.79 per share, exceeding estimates, with revenue of $524.20 million, a 5.0% increase year-over-year.
• Analysts upgraded Laureate Education from a "hold" to a "strong-buy" rating, with an average target price of $24.00 based on the consensus rating of "Buy".

Swedbank AB lessened its position in Laureate Education (NASDAQ:LAUR - Free Report) by 23.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,915,949 shares of the company's stock after selling 597,351 shares during the period. Swedbank AB owned about 1.29% of Laureate Education worth $39,181,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its position in shares of Laureate Education by 260.1% in the first quarter. CWM LLC now owns 4,901 shares of the company's stock valued at $100,000 after buying an additional 3,540 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Laureate Education by 144.7% in the first quarter. Assenagon Asset Management S.A. now owns 355,513 shares of the company's stock valued at $7,270,000 after buying an additional 210,239 shares during the last quarter. Cerity Partners LLC raised its position in shares of Laureate Education by 43.3% in the first quarter. Cerity Partners LLC now owns 25,838 shares of the company's stock valued at $528,000 after buying an additional 7,813 shares during the last quarter. Fiera Capital Corp raised its position in shares of Laureate Education by 43.4% in the first quarter. Fiera Capital Corp now owns 935,239 shares of the company's stock valued at $19,126,000 after buying an additional 282,901 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in Laureate Education during the fourth quarter worth approximately $2,573,000. Institutional investors and hedge funds own 96.27% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Laureate Education from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $24.00.

Laureate Education Trading Up 0.4%

Shares of Laureate Education stock traded up $0.13 during trading hours on Monday, hitting $29.52. The company's stock had a trading volume of 615,869 shares, compared to its average volume of 766,372. Laureate Education has a 1-year low of $15.15 and a 1-year high of $29.68. The business has a fifty day moving average of $25.48 and a 200 day moving average of $22.62. The company has a market capitalization of $4.35 billion, a PE ratio of 17.36 and a beta of 0.58. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07.

Laureate Education (NASDAQ:LAUR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, topping 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 company had revenue of $524.20 million during the quarter, compared to analyst estimates of $502.00 million. During the same quarter in the prior year, the business earned $0.65 earnings per share. The business's quarterly revenue was up 5.0% compared to the same quarter last year. Laureate Education has set its FY 2025 guidance at EPS. As a group, equities 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.