People s United Financial Inc. Has $2,809,000 Position in Strayer Education, Inc. (STRA)
People s United Financial Inc. held its position in shares of Strayer Education, Inc. (NASDAQ:STRA) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 30,128 shares of the health services provider’s stock at the end of the second quarter. People s United Financial Inc. owned approximately 0.28% of Strayer Education worth $2,809,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in Strayer Education by 15.1% during the second quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock worth $157,000 after purchasing an additional 221 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Strayer Education in the 1st quarter valued at about $173,000. State of Alaska Department of Revenue lifted its stake in shares of Strayer Education by 79.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,068 shares of the health services provider’s stock valued at $192,000 after acquiring an additional 918 shares during the last quarter. Mason Street Advisors LLC lifted its stake in shares of Strayer Education by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 2,438 shares of the health services provider’s stock valued at $196,000 after acquiring an additional 159 shares during the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of Strayer Education in the 1st quarter valued at about $200,000. Institutional investors and hedge funds own 93.04% of the company’s stock.
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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 “buy” rating and set a $94.00 target price for the company in a research note on Tuesday. BMO Capital Markets reissued a “buy” rating and issued a $100.00 target price on shares of Strayer Education in a research note on Thursday, July 20th. BidaskClub lowered Strayer Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Piper Jaffray Companies reissued a “hold” rating on shares of Strayer Education in a research note on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Strayer Education currently has a consensus rating of “Hold” and an average target price of $94.00.
Strayer Education, Inc. (NASDAQ:STRA) traded down 1.40% on Friday, reaching $87.27. The company’s stock had a trading volume of 39,937 shares. Strayer Education, Inc. has a one year low of $44.63 and a one year high of $95.74. The firm has a 50-day moving average of $79.78 and a 200-day moving average of $84.74. The company has a market capitalization of $933.88 million, a PE ratio of 27.11 and a beta of 0.92.
Strayer Education (NASDAQ:STRA) last released its quarterly earnings results on Wednesday, July 26th. The health services provider reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The company 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 firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share. Analysts predict that Strayer Education, Inc. will post $3.33 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Tuesday, September 5th were given a $0.25 dividend. The ex-dividend date was Friday, September 1st. This represents a $1.00 annualized dividend and a yield of 1.15%. Strayer Education’s dividend payout ratio is currently 31.15%.
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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