Geode Capital Management LLC Has $77.14 Million Stock Holdings in Laureate Education $LAUR

Geode Capital Management LLC grew its stake in shares of Laureate Education (NASDAQ:LAUR) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,298,980 shares of the company’s stock after purchasing an additional 30,808 shares during the quarter. Geode Capital Management LLC owned about 2.22% of Laureate Education worth $77,139,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. CWM LLC increased its holdings in Laureate Education by 260.1% during the first quarter. CWM LLC now owns 4,901 shares of the company’s stock worth $100,000 after buying an additional 3,540 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Laureate Education by 11.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,031 shares of the company’s stock worth $141,000 after purchasing an additional 636 shares during the last quarter. Avanza Fonder AB raised its holdings in shares of Laureate Education by 54.8% in the 2nd quarter. Avanza Fonder AB now owns 6,900 shares of the company’s stock valued at $161,000 after purchasing an additional 2,443 shares during the period. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Laureate Education in the 2nd quarter valued at about $178,000. Finally, denkapparat Operations GmbH bought a new position in Laureate Education during the second quarter worth about $312,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

Analyst Ratings Changes

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

Laureate Education Stock Up 0.8%

LAUR stock opened at $29.94 on Friday. Laureate Education has a fifty-two week low of $17.82 and a fifty-two week high of $32.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 21.85 and a beta of 0.61. The business’s fifty day moving average price is $30.06 and its two-hundred day moving average price is $26.16.

Laureate Education (NASDAQ:LAUR) last announced its earnings results on Thursday, October 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.10). Laureate Education had a net margin of 12.86% and a return on equity of 22.99%. The business had revenue of $400.20 million during the quarter, compared to the consensus estimate of $391.77 million. During the same period in the previous year, the firm posted $0.56 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Laureate Education has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Laureate Education will post 1.51 earnings per share for the current year.

Laureate Education announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 30th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.