Strs Ohio Increases Stake in Strayer Education, Inc. (STRA)
Strs Ohio boosted its position in Strayer Education, Inc. (NASDAQ:STRA) by 116.7% during the second quarter, Holdings Channel reports. The firm owned 9,100 shares of the health services provider’s stock after buying an additional 4,900 shares during the period. Strs Ohio’s holdings in Strayer Education were worth $848,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantitative Investment Management LLC purchased a new position in Strayer Education during the first quarter worth $1,408,000. Stevens Capital Management LP purchased a new position in Strayer Education during the first quarter worth $200,000. State of Tennessee Treasury Department increased its position in Strayer Education by 12.5% in the first quarter. State of Tennessee Treasury Department now owns 9,792 shares of the health services provider’s stock worth $788,000 after buying an additional 1,087 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Strayer Education by 4.6% in the first quarter. Ameriprise Financial Inc. now owns 54,601 shares of the health services provider’s stock worth $4,395,000 after buying an additional 2,413 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Strayer Education during the first quarter worth approximately $239,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of Strayer Education, Inc. (STRA) opened at 77.86 on Friday. The firm’s 50-day moving average price is $86.21 and its 200-day moving average price is $84.71. Strayer Education, Inc. has a one year low of $44.63 and a one year high of $95.74. The company has a market capitalization of $833.18 million, a price-to-earnings ratio of 24.19 and a beta of 0.90.
Strayer Education (NASDAQ:STRA) last released its earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.05. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The firm had revenue of $112.70 million during the quarter, compared to analyst estimates of $113.68 million. During the same period last year, the business earned $0.72 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Analysts anticipate that Strayer Education, Inc. will post $3.33 earnings per share for the current year.
The firm 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 dividend of $0.25 per share. The ex-dividend date is Friday, September 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.28%. Strayer Education’s payout ratio is 31.15%.
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STRA has been the subject of a number of recent research reports. Zacks Investment Research raised Strayer Education from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Piper Jaffray Companies reissued a “hold” rating on shares of Strayer Education in a report on Friday, July 21st. BidaskClub lowered Strayer Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. BMO Capital Markets reissued a “buy” rating and set a $100.00 price objective on shares of Strayer Education in a report on Thursday, May 4th. Finally, First Analysis boosted their price objective 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 analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $83.75.
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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