Core Insights - Harvest Investment Services disclosed a purchase of 110,675 shares of Laureate Education, valued at approximately $3.42 million based on quarterly average pricing [1][2] - The transaction increased Harvest's stake in Laureate Education to 1.07% of its 13F reportable assets under management [8] Company Overview - Laureate Education has a market capitalization of $5 billion, with a trailing twelve months (TTM) revenue of $1.70 billion and a net income of $281.63 million [4] - The company's stock price was $33.97 as of the last trading day, reflecting an 84% increase over the past year, significantly outperforming the S&P 500's 19% gain during the same period [8] Business Model and Operations - Laureate Education operates a network of universities offering diverse higher education programs across multiple countries, focusing on academic quality and accessibility [6] - The firm generates revenue primarily through tuition and fees from its universities in Mexico, Peru, and the United States, targeting students seeking professional advancement [9] Growth and Financial Performance - Enrollment growth has been steady, with new enrollments rising by 8% and total enrollments increasing by 5% last year [11] - Revenue for 2025 was approximately $1.7 billion, representing a year-over-year increase of about 9%, while adjusted EBITDA grew to nearly $519 million from $450 million in 2024 [11] - The company has returned over $200 million to shareholders through stock repurchases and recently increased its share buyback authorization by an additional $150 million, indicating confidence in future growth [12] Market Position - The rising demand for private education in Latin America has contributed to Laureate's stock performance, with expectations for continued growth in the region [10]

Core Insights - Montreal-based Formula Growth has acquired a new position in Laureate Education, purchasing 111,000 shares valued at $3.5 million, representing approximately 1.25% of the fund's reportable U.S. equity assets as of quarter-end [2][3]. Company Overview - Laureate Education reported a revenue of $1.58 billion and a net income of $203.71 million for the trailing twelve months (TTM) [5]. - The company's stock price as of the last market close was $33.83, reflecting an impressive one-year price change of 86% [5]. Recent Performance - In the third quarter, Laureate Education achieved revenue of $400.2 million, marking a 9% year-over-year increase, with adjusted EBITDA rising to $94.8 million [12]. - Total enrollments increased by 6% year to date, with particularly strong growth observed in Peru [12]. Financial Position - Laureate Education ended the quarter with $241 million in cash and $102 million in debt, resulting in a net cash position [12]. - The management has raised full-year guidance and expanded its share repurchase authorization to $250 million, indicating confidence in the company's free cash flow durability [12]. Business Model - Laureate Education provides undergraduate and graduate degree programs in various fields through a network of universities and higher education institutions in Mexico, Peru, and the United States [9][10]. - The company primarily generates revenue from tuition and related educational services, targeting students seeking higher education, especially in emerging markets in Latin America and select U.S. locations [9].