FMR LLC & Abigail Johnson Maintain 10.24% Stake in Laureate Education
Ticker: LAUR · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 912766
| Field | Detail |
|---|---|
| Company | Laureate Education, Inc. (LAUR) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amendment, education-services
TL;DR
**FMR LLC and Abigail Johnson still own over 10% of Laureate Education, signaling strong institutional conviction.**
AI Summary
FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have updated their ownership stake in Laureate Education Inc. (LAUR) through an SC 13G/A filing on February 9, 2024. They now beneficially own 16,116,197 shares of common stock, representing 10.241% of the company. This matters to investors because it signals a significant, continued institutional interest in Laureate Education, potentially indicating confidence in the company's future performance.
Why It Matters
This filing shows that a large institutional investor and its top executive continue to hold a substantial position in Laureate Education, which can be seen as a vote of confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
A smart investor would view this continued significant institutional ownership as a positive signal, suggesting stability and potential long-term value, and might consider further research into Laureate Education's fundamentals.
Key Numbers
- 16,116,197 — Shares Beneficially Owned (Represents the total common stock shares FMR LLC and Abigail P. Johnson hold in Laureate Education Inc.)
- 10.241% — Percent of Class (Indicates the significant portion of Laureate Education Inc.'s common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, associated with FMR LLC
- LAUREATE EDUCATION, INC. (company) — the issuer of the securities
- 16,116,197 (dollar_amount) — number of shares beneficially owned
- 10.241% (dollar_amount) — percentage of class owned
Forward-Looking Statements
- FMR LLC will maintain a significant stake in Laureate Education Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the reporting persons in this SC 13G/A filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of shares beneficially owned by FMR LLC and Abigail P. Johnson in Laureate Education Inc.?
Both FMR LLC and Abigail P. Johnson beneficially own 16,116,197 shares of Laureate Education Inc. common stock, as detailed in Item 7 for both reporting persons and Item 4(a) for FMR LLC.
What percentage of Laureate Education Inc.'s common stock do the reporting persons own?
FMR LLC and Abigail P. Johnson each own 10.241% of the class of Laureate Education Inc. common stock, as specified in Item 11 for both reporting persons and Item 4(b) for FMR LLC.
What is the CUSIP number for Laureate Education Inc. common stock mentioned in the filing?
The CUSIP number for Laureate Education Inc. common stock is #518613203, as listed under 'Cusip #518613203' at the beginning of the Schedule 13G and in Item 2(e).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box '[x] Rule 13d-1(b)' and confirmed in Item 3, stating FMR LLC is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding LAUREATE EDUCATION, INC. (LAUR).