Vestcor Inc Purchases New Stake in Laureate Education (NASDAQ:LAUR)

Key Points

• Vestcor Inc acquired a new stake in Laureate Education (NASDAQ:LAUR), purchasing 20,091 shares valued at approximately $411,000 during the first quarter.
• Several other institutional investors, including Blue Trust Inc and GAMMA Investing LLC, also increased their positions in Laureate Education amidst growing investor interest.
• The company reported an earnings per share (EPS) of $0.79 for the last quarter, surpassing analysts' forecasts of $0.73 and showing a revenue increase of 5.0% year-over-year.

Vestcor Inc purchased a new stake in shares of Laureate Education (NASDAQ:LAUR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 20,091 shares of the company's stock, valued at approximately $411,000.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in shares of Laureate Education during the first quarter valued at approximately $62,000. Avanza Fonder AB bought a new stake in Laureate Education in the first quarter valued at $93,000. CWM LLC increased its position in Laureate Education by 260.1% during the 1st quarter. CWM LLC now owns 4,901 shares of the company's stock valued at $100,000 after purchasing an additional 3,540 shares during the period. FNY Investment Advisers LLC bought a new position in Laureate Education in the 1st quarter worth $102,000. Finally, GAMMA Investing LLC raised its holdings in Laureate Education by 1,875.1% in the 1st 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. Institutional investors own 96.27% of the company's stock.

Analyst Upgrades and Downgrades

LAUR has been the topic of a number of research reports. BMO Capital Markets lifted their target price on shares of Laureate Education from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Wall Street Zen raised Laureate Education from a "hold" rating to a "strong-buy" rating in a research report on Saturday.

Laureate Education Price Performance

Shares of LAUR stock opened at $22.91 on Monday. The business's fifty day moving average is $22.92 and its 200 day moving average is $21.03. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 13.48 and a beta of 0.54. Laureate Education has a twelve month low of $13.60 and a twelve month high of $24.57.

Laureate Education (NASDAQ:LAUR - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.79 EPS for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. Research analysts expect that Laureate Education will post 1.51 EPS for the current fiscal 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.

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