Los Angeles Capital Management LLC Sells 29,689 Shares of Laureate Education $LAUR

Los Angeles Capital Management LLC decreased its position in shares of Laureate Education (NASDAQ:LAUR) by 28.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,725 shares of the company’s stock after selling 29,689 shares during the quarter. Los Angeles Capital Management LLC owned about 0.05% of Laureate Education worth $1,770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Laureate Education by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,400,917 shares of the company’s stock valued at $32,753,000 after purchasing an additional 13,516 shares during the last quarter. Burney Co. lifted its holdings in Laureate Education by 5.7% in the second quarter. Burney Co. now owns 51,043 shares of the company’s stock valued at $1,193,000 after buying an additional 2,732 shares during the period. Versor Investments LP bought a new stake in Laureate Education during the second quarter valued at $411,000. Strs Ohio grew its holdings in Laureate Education by 7.8% during the 2nd quarter. Strs Ohio now owns 44,200 shares of the company’s stock worth $1,033,000 after acquiring an additional 3,200 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Laureate Education by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,598 shares of the company’s stock worth $318,000 after acquiring an additional 480 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Laureate Education Trading Down 0.0%

NASDAQ LAUR opened at $31.14 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. Laureate Education has a 52 week low of $17.82 and a 52 week high of $32.42. The business has a 50 day moving average price of $29.73 and a 200-day moving average price of $25.69. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 22.73 and a beta of 0.61.

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.08). The business had revenue of $400.20 million during the quarter, compared to analyst estimates of $391.77 million. Laureate Education had a net margin of 12.86% and a return on equity of 22.99%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS. Laureate Education has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Laureate Education will post 1.51 earnings per share for the current fiscal year.

Laureate Education announced that its board has approved a stock repurchase program on Thursday, October 30th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to repurchase up to 3.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LAUR. Zacks Research cut Laureate Education from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. UBS Group raised their price objective on shares of Laureate Education from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Wall Street Zen downgraded shares of Laureate Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Laureate Education in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised their price target on shares of Laureate Education from $26.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Laureate Education has an average rating of “Moderate Buy” and a consensus target price of $30.67.

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.