BlackRock Inc. Buys 1,296,874 Shares of Strayer Education, Inc. (NASDAQ:STRA)

BlackRock Inc. boosted its position in shares of Strayer Education, Inc. (NASDAQ:STRA) by 64,392.9% during the first quarter, according to its most recent filing with the SEC. The firm 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 reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Strayer Education by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 438,822 shares of the health services provider’s stock worth $35,321,000 after buying an additional 3,762 shares during the last quarter. Geode Capital Management LLC boosted its position in Strayer Education by 12.9% in the first quarter. Geode Capital Management LLC now owns 88,977 shares of the health services provider’s stock worth $7,161,000 after buying an additional 10,175 shares during the last quarter. Valley National Advisers Inc. boosted its position in Strayer Education by 25.1% in the first quarter. Valley National Advisers Inc. now owns 4,026 shares of the health services provider’s stock worth $324,000 after buying an additional 808 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Strayer Education by 4.8% in the first quarter. Thrivent Financial For Lutherans now owns 5,840 shares of the health services provider’s stock worth $470,000 after buying an additional 270 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Strayer Education by 6.8% in the first quarter. Legal & General Group Plc now owns 18,372 shares of the health services provider’s stock worth $1,479,000 after buying an additional 1,171 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Shares of Strayer Education, Inc. (STRA) traded down 0.78% during trading on Friday, reaching $77.25. 81,570 shares of the company traded hands. The company has a market capitalization of $826.65 million, a price-to-earnings ratio of 24.00 and a beta of 0.90. Strayer Education, Inc. has a 1-year low of $44.63 and a 1-year high of $95.74. The stock’s 50 day moving average is $85.74 and its 200 day moving average is $84.68.

Strayer Education (NASDAQ:STRA) last issued its quarterly earnings data on Wednesday, July 26th. The health services provider reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.05. Strayer Education had a return on equity of 17.65% and a net margin of 7.90%. The company had revenue of $112.70 million during the quarter, compared to analysts’ expectations of $113.68 million. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts forecast that Strayer Education, Inc. will post $3.33 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, September 1st. Strayer Education’s payout ratio is currently 31.15%.

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A number of research analysts have recently commented on the stock. BidaskClub cut shares of Strayer Education from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Strayer Education from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $87.00 price objective on shares of Strayer Education in a research note on Friday, July 28th. BMO Capital Markets reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Strayer Education in a research note on Thursday, July 20th. Finally, First Analysis upped their price objective on shares of Strayer Education from $76.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Strayer Education has a consensus rating of “Hold” and an average target price of $83.75.

Strayer Education Company Profile

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.

Institutional Ownership by Quarter for Strayer Education (NASDAQ:STRA)

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