Vident Advisory LLC Buys Shares of 188,719 Laureate Education $LAUR

Key Points

• Vident Advisory LLC acquired a new stake in Laureate Education, purchasing 188,719 shares valued at approximately $3.86 million during the 1st quarter of 2023.
• Laureate Education reported earnings per share of $0.79 for the last quarter, exceeding analysts' expectations of $0.73, with revenue increasing by 5.0% year-over-year.
• Analysts have upgraded Laureate Education's stock rating, with BMO Capital Markets raising the price target from $23.00 to $24.00, reflecting a generally favorable outlook.

Vident Advisory LLC purchased a new stake in Laureate Education (NASDAQ:LAUR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 188,719 shares of the company's stock, valued at approximately $3,859,000. Vident Advisory LLC owned approximately 0.13% of Laureate Education as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Laureate Education by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 13,060,176 shares of the company's stock worth $267,081,000 after purchasing an additional 387,567 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Laureate Education by 22.0% during the 1st quarter. Invesco Ltd. now owns 2,150,013 shares of the company's stock worth $43,968,000 after purchasing an additional 388,143 shares during the last quarter. Marathon Asset Management Ltd raised its position in shares of Laureate Education by 6.6% during the 1st quarter. Marathon Asset Management Ltd now owns 1,816,234 shares of the company's stock valued at $37,142,000 after buying an additional 112,492 shares during the period. Nuveen LLC purchased a new stake in shares of Laureate Education during the 1st quarter valued at approximately $36,637,000. Finally, Northern Trust Corp raised its position in shares of Laureate Education by 4.7% during the 4th quarter. Northern Trust Corp now owns 1,317,529 shares of the company's stock valued at $24,098,000 after buying an additional 58,811 shares during the period. Hedge funds and other institutional investors own 96.27% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised 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 MarketBeat.com, Laureate Education currently has a consensus rating of "Buy" and an average price target of $24.00.

Laureate Education Stock Performance

NASDAQ LAUR traded down $0.02 during trading hours on Wednesday, hitting $27.95. The company had a trading volume of 902,881 shares, compared to its average volume of 868,262. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.75. Laureate Education has a 1-year low of $14.45 and a 1-year high of $28.16. The company has a market cap of $4.12 billion, a PE ratio of 16.44 and a beta of 0.58. The business has a 50 day moving average of $24.69 and a 200-day moving average of $22.12.

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. Laureate Education had a net margin of 16.41% and a return on equity of 29.46%. The business had revenue of $524.20 million during the quarter, compared to analysts' expectations of $502.00 million. During the same period in the prior year, the company earned $0.65 earnings per share. The business's 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 research analysts expect that Laureate Education will post 1.51 EPS for the current year.

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.