Laureate Education $LAUR Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP sold 649,453 shares of Laureate Education, reducing its stake by 13.0% to approximately 4.35 million shares, valued at around $88.87 million.
• Analysts have given Laureate Education an average rating of "Buy", with a target price increase from $23.00 to $24.00, reflecting positive market sentiment.
• Laureate Education reported quarterly earnings of $0.79 per share, surpassing analysts' expectations and showing a year-over-year revenue growth of 5.0%.

Wellington Management Group LLP cut its stake in shares of Laureate Education (NASDAQ:LAUR - Free Report) by 13.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,345,929 shares of the company's stock after selling 649,453 shares during the quarter. Wellington Management Group LLP owned about 2.88% of Laureate Education worth $88,874,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LAUR. Wells Fargo & Company MN grew its holdings in shares of Laureate Education by 20.0% during the fourth quarter. Wells Fargo & Company MN now owns 112,136 shares of the company's stock valued at $2,051,000 after buying an additional 18,695 shares during the last quarter. Cerity Partners LLC purchased a new position in Laureate Education during the 4th quarter worth approximately $327,000. Legal & General Group Plc raised its position in Laureate Education by 4.2% during the 4th quarter. Legal & General Group Plc now owns 175,018 shares of the company's stock worth $3,201,000 after buying an additional 6,974 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Laureate Education during the 4th quarter worth approximately $408,000. Finally, Barclays PLC raised its position in Laureate Education by 9.3% during the 4th quarter. Barclays PLC now owns 251,542 shares of the company's stock worth $4,601,000 after buying an additional 21,444 shares during the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LAUR has been the subject of a number of research reports. BMO Capital Markets boosted their target price on shares of Laureate Education from $23.00 to $24.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Wall Street Zen upgraded 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.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $24.00.

Laureate Education Price Performance

Shares of Laureate Education stock traded up $0.20 during trading hours on Wednesday, reaching $27.36. The stock had a trading volume of 98,102 shares, compared to its average volume of 863,418. The stock's 50 day moving average is $24.10 and its 200 day moving average is $21.81. The firm has a market capitalization of $4.03 billion, a PE ratio of 16.09 and a beta of 0.54. Laureate Education has a twelve month low of $14.45 and a twelve month high of $27.34. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.07.

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