Strayer Education, Inc. (NASDAQ:STRA) Position Increased by Fmr LLC
FMR LLC increased its stake in shares of Strayer Education, Inc. (NASDAQ:STRA) by 189.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 510,907 shares of the health services provider’s stock after buying an additional 334,472 shares during the period. FMR LLC owned approximately 4.81% of Strayer Education worth $41,123,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in STRA. Russell Investments Group Ltd. acquired a new stake in Strayer Education during the fourth quarter worth $2,927,000. Comerica Bank raised its stake in Strayer Education by 5.8% in the fourth quarter. Comerica Bank now owns 11,097 shares of the health services provider’s stock worth $893,000 after buying an additional 607 shares during the last quarter. State Street Corp raised its stake in Strayer Education by 7.1% in the fourth quarter. State Street Corp now owns 229,473 shares of the health services provider’s stock worth $18,502,000 after buying an additional 15,179 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Strayer Education by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 435,060 shares of the health services provider’s stock valued at $35,079,000 after buying an additional 16,980 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Strayer Education by 19.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,564 shares of the health services provider’s stock valued at $368,000 after buying an additional 740 shares in the last quarter. Institutional investors own 92.17% of the company’s stock.
Strayer Education, Inc. (NASDAQ:STRA) traded up 1.96% during midday trading on Friday, hitting $82.25. The company had a trading volume of 39,039 shares. Strayer Education, Inc. has a 12 month low of $44.58 and a 12 month high of $95.74. The company has a market cap of $880.16 million, a price-to-earnings ratio of 25.55 and a beta of 0.90. The firm has a 50-day moving average price of $90.55 and a 200-day moving average price of $84.85.
Strayer Education (NASDAQ:STRA) last released its earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. The firm had revenue of $112.70 million during the quarter, compared to the consensus estimate of $113.68 million. Strayer Education had a return on equity of 17.65% and a net margin of 7.90%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. Equities analysts anticipate that Strayer Education, Inc. will post $3.33 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. Strayer Education’s dividend payout ratio (DPR) is 31.15%.
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Several equities analysts have recently commented on the company. BidaskClub lowered Strayer Education from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded Strayer Education from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $87.00 price objective on shares of Strayer Education in a research report on Friday, July 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $100.00 price objective on shares of Strayer Education in a research report on Thursday, July 20th. Finally, First Analysis raised their price target on Strayer Education from $76.00 to $95.00 and gave the stock an “equal weight” rating in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $83.75.
In other Strayer Education news, CEO Raymond Karl Mcdonnell sold 43,659 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $90.93, for a total value of $3,969,912.87. Following the completion of the sale, the chief executive officer now directly owns 193,764 shares in the company, valued at $17,618,960.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.70% of the company’s stock.
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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