Nationwide Fund Advisors lowered its stake in shares of Strayer Education Inc (NASDAQ:STRA) by 42.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,879 shares of the health services provider’s stock after selling 4,307 shares during the quarter. Nationwide Fund Advisors owned approximately 0.05% of Strayer Education worth $513,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Teachers Advisors LLC grew its holdings in Strayer Education by 4.4% during the 2nd quarter. Teachers Advisors LLC now owns 19,186 shares of the health services provider’s stock worth $1,789,000 after acquiring an additional 812 shares during the last quarter. Vanguard Group Inc. grew its holdings in Strayer Education by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,143,120 shares of the health services provider’s stock worth $106,562,000 after acquiring an additional 35,328 shares during the last quarter. State Street Corp lifted its position in Strayer Education by 4.3% during the 2nd quarter. State Street Corp now owns 256,274 shares of the health services provider’s stock valued at $23,892,000 after purchasing an additional 10,450 shares during the period. New York State Common Retirement Fund lifted its position in Strayer Education by 22.1% during the 2nd quarter. New York State Common Retirement Fund now owns 17,954 shares of the health services provider’s stock valued at $1,674,000 after purchasing an additional 3,249 shares during the period. Finally, Legal & General Group Plc lifted its position in Strayer Education by 13.7% during the 2nd quarter. Legal & General Group Plc now owns 20,882 shares of the health services provider’s stock valued at $1,947,000 after purchasing an additional 2,510 shares during the period. 93.73% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on STRA. Piper Jaffray Companies restated a “hold” rating and set a $91.00 target price on shares of Strayer Education in a research report on Wednesday, November 1st. ValuEngine downgraded shares of Strayer Education from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of Strayer Education from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. BidaskClub downgraded shares of Strayer Education from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, BMO Capital Markets restated an “outperform” rating and set a $118.00 target price (up from $99.00) on shares of Strayer Education in a research report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Strayer Education currently has an average rating of “Hold” and an average target price of $104.75.
Strayer Education (NASDAQ:STRA) last announced its quarterly earnings results on Monday, October 30th. The health services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $108.50 million during the quarter, compared to analyst estimates of $107.54 million. Strayer Education had a net margin of 8.52% and a return on equity of 17.27%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. equities research analysts expect that Strayer Education Inc will post 3.35 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. Strayer Education’s dividend payout ratio is 28.57%.
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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