Strayer Education Inc (STRA) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. raised its holdings in Strayer Education Inc (NASDAQ:STRA) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,135 shares of the health services provider’s stock after buying an additional 1,120 shares during the quarter. Prudential Financial Inc. owned 0.18% of Strayer Education worth $1,670,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Strayer Education by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,143,120 shares of the health services provider’s stock valued at $106,562,000 after buying an additional 35,328 shares during the period. Capital World Investors increased its holdings in Strayer Education by 0.4% in the 2nd quarter. Capital World Investors now owns 724,200 shares of the health services provider’s stock valued at $67,510,000 after buying an additional 3,095 shares during the period. FMR LLC increased its holdings in Strayer Education by 3.3% in the 2nd quarter. FMR LLC now owns 527,600 shares of the health services provider’s stock valued at $49,183,000 after buying an additional 16,693 shares during the period. Dimensional Fund Advisors LP increased its holdings in Strayer Education by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 441,117 shares of the health services provider’s stock valued at $41,121,000 after buying an additional 2,295 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Strayer Education by 3.6% in the 2nd quarter. Renaissance Technologies LLC now owns 332,900 shares of the health services provider’s stock valued at $31,033,000 after buying an additional 11,600 shares during the period. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Strayer Education Inc (NASDAQ:STRA) opened at $95.52 on Thursday. Strayer Education Inc has a fifty-two week low of $71.31 and a fifty-two week high of $100.72. The firm has a market cap of $1,016.28, a PE ratio of 30.05 and a beta of 0.89.

Strayer Education (NASDAQ:STRA) last posted its earnings results on Monday, October 30th. The health services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). Strayer Education had a return on equity of 17.27% and a net margin of 8.52%. The firm had revenue of $108.50 million during the quarter, compared to the consensus estimate of $107.54 million. During the same period in the previous year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities analysts predict that Strayer Education Inc will post 3.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, December 1st. Strayer Education’s payout ratio is 28.57%.

Several equities research analysts have issued reports on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $96.00 price target on shares of Strayer Education in a report on Monday. ValuEngine lowered shares of Strayer Education from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BMO Capital Markets reissued an “outperform” rating and issued a $118.00 price target (up previously from $99.00) on shares of Strayer Education in a report on Tuesday, October 31st. BidaskClub lowered shares of Strayer Education from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research lowered shares of Strayer Education from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $104.75.

TRADEMARK VIOLATION WARNING: “Strayer Education Inc (STRA) Shares Bought by Prudential Financial Inc.” was originally posted by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.com-unik.info/2017/12/07/strayer-education-inc-stra-shares-bought-by-prudential-financial-inc.html.

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.

Want to see what other hedge funds are holding STRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Strayer Education Inc (NASDAQ:STRA).

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

What are top analysts saying about Strayer Education Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Strayer Education Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit