Formula Growth Ltd acquired 111,000 shares of Laureate Education valued at $3.5 million, representing 1.25% of its U.S. equity assets. Top holdings include SWIM, JHX, TEAM, SSYS, and MU. Laureate’s stock price surged 86% in the past year, outperforming the S&P 500.

Laureate Education offers undergraduate and graduate degree programs in various fields through campus-based, online, and hybrid formats. Revenue primarily comes from tuition and educational services in Mexico, Peru, and the U.S., targeting students in emerging markets.

Laureate Education reported $400.2 million in revenue for Q3, with strong enrollment trends and a solid balance sheet. The company ended the quarter with $241 million in cash and raised full-year guidance. With a focus on emerging markets, Laureate is positioned for growth.

In a strategic move, Formula Growth Ltd invested in Laureate Education at all-time highs, showing confidence in the company’s potential growth. Laureate’s revenue and enrollment trends support this decision, with a clean balance sheet and positive outlook for future cash flow.

Read more at Yahoo Finance: Why a Soaring Education Stock at All-Time Highs Drew a New $3.5 Million Investment