BlackRock Inc. increased its position in shares of Strayer Education, Inc. (NASDAQ:STRA) by 64,392.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,298,888 shares of the health services provider’s stock after buying an additional 1,296,874 shares during the period. BlackRock Inc. owned about 12.24% of Strayer Education worth $104,548,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STRA. Quantbot Technologies LP bought a new position in Strayer Education during the first quarter worth about $173,000. Mason Street Advisors LLC raised its position in shares of Strayer Education by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,438 shares of the health services provider’s stock worth $196,000 after buying an additional 159 shares during the period. Stevens Capital Management LP acquired a new position in shares of Strayer Education during the first quarter worth about $200,000. Karp Capital Management Corp acquired a new position in shares of Strayer Education during the first quarter worth about $239,000. Finally, Chicago Equity Partners LLC acquired a new position in shares of Strayer Education during the first quarter worth about $264,000. Institutional investors and hedge funds own 92.27% of the company’s stock.
Shares of Strayer Education, Inc. (NASDAQ:STRA) traded down 0.16% during mid-day trading on Friday, reaching $79.07. The company had a trading volume of 49,545 shares. The firm’s 50-day moving average is $87.77 and its 200 day moving average is $84.78. Strayer Education, Inc. has a 12 month low of $44.63 and a 12 month high of $95.74. The company has a market capitalization of $846.13 million, a price-to-earnings ratio of 24.56 and a beta of 0.90.
Strayer Education (NASDAQ:STRA) last posted its quarterly earnings data on Wednesday, July 26th. The health services provider reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The firm had revenue of $112.70 million during the quarter, compared to analyst estimates of $113.68 million. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. On average, equities research analysts predict that Strayer Education, Inc. will post $3.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be paid a $0.25 dividend. The ex-dividend date is Friday, September 1st. This represents a $1.00 annualized dividend and a yield of 1.26%. Strayer Education’s dividend payout ratio (DPR) is 31.15%.
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Several analysts have recently weighed in on the company. BMO Capital Markets restated a “buy” rating and issued a $100.00 price objective on shares of Strayer Education in a report on Thursday, July 20th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Strayer Education in a research report on Friday, July 21st. Zacks Investment Research raised Strayer Education from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. First Analysis upped their target price on Strayer Education from $76.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Monday, May 15th. Finally, BidaskClub lowered Strayer Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $83.75.
About Strayer Education
Strayer Education, Inc is an education services holding company. The Company provides post-secondary education and other academic programs, through its subsidiaries, Strayer University (the University) and New York Code and Design Academy (NYCDA). As of December 31, 2016, the University offered undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration and criminal justice at 74 physical campuses located in the Mid-Atlantic and Southern regions of the United States, and online.
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