Bank of America Corp DE increased its stake in shares of Strayer Education, Inc. (NASDAQ:STRA) by 58.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 30,832 shares of the health services provider’s stock after buying an additional 11,372 shares during the period. Bank of America Corp DE’s holdings in Strayer Education were worth $2,482,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System boosted its position in shares of Strayer Education by 1.9% in the first quarter. Arizona State Retirement System now owns 5,419 shares of the health services provider’s stock valued at $436,000 after buying an additional 100 shares during the last quarter. Mason Street Advisors LLC boosted 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 valued at $196,000 after buying an additional 159 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of 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 valued at $470,000 after buying an additional 270 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Strayer Education by 6.9% in the first quarter. Envestnet Asset Management Inc. now owns 4,880 shares of the health services provider’s stock valued at $393,000 after buying an additional 316 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Strayer Education by 1.8% in the first quarter. Teachers Advisors LLC now owns 18,374 shares of the health services provider’s stock valued at $1,479,000 after buying an additional 322 shares during the last quarter. 92.27% of the stock is currently owned by institutional investors.

Strayer Education, Inc. (STRA) traded down 2.82% on Thursday, reaching $78.44. The company’s stock had a trading volume of 5,585 shares. Strayer Education, Inc. has a 12-month low of $44.63 and a 12-month high of $95.74. The stock has a market cap of $839.39 million, a PE ratio of 24.37 and a beta of 0.90. The company’s 50 day moving average price is $88.51 and its 200-day moving average price is $84.84.

Strayer Education (NASDAQ:STRA) last posted its earnings results on Wednesday, July 26th. The health services provider reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. The business had revenue of $112.70 million during the quarter, compared to analyst estimates of $113.68 million. Strayer Education had a return on equity of 17.65% and a net margin of 7.90%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. On average, equities analysts expect that Strayer Education, Inc. will post $3.33 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders 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 1.24%. The ex-dividend date of this dividend is Friday, September 1st. Strayer Education’s payout ratio is 31.15%.

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Several brokerages recently issued reports on STRA. Zacks Investment Research cut Strayer Education from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. BidaskClub cut Strayer Education from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $87.00 target price 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 target price on shares of Strayer Education in a research report on Thursday, July 20th. Finally, First Analysis lifted their target price on Strayer Education from $76.00 to $95.00 and gave the company an “equal weight” rating in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus 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.

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

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