Strayer Education, Inc. (STRA) Shares Sold by Alliancebernstein L.P.
Alliancebernstein L.P. trimmed its holdings in shares of Strayer Education, Inc. (NASDAQ:STRA) by 15.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,130 shares of the health services provider’s stock after selling 8,250 shares during the quarter. Alliancebernstein L.P. owned approximately 0.41% of Strayer Education worth $4,114,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in STRA. BlackRock Inc. raised its stake in shares of Strayer Education by 64,392.9% during the 1st quarter. BlackRock Inc. now owns 1,298,888 shares of the health services provider’s stock worth $104,548,000 after buying an additional 1,296,874 shares during the period. FMR LLC raised its stake in shares of Strayer Education by 189.6% during the 1st quarter. FMR LLC now owns 510,907 shares of the health services provider’s stock worth $41,123,000 after buying an additional 334,472 shares during the period. TimesSquare Capital Management LLC acquired a new position in shares of Strayer Education during the 2nd quarter worth approximately $21,483,000. Rice Hall James & Associates LLC raised its stake in shares of Strayer Education by 59.2% during the 2nd quarter. Rice Hall James & Associates LLC now owns 118,484 shares of the health services provider’s stock worth $11,045,000 after buying an additional 44,073 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Strayer Education during the 2nd quarter worth approximately $2,143,000. 93.04% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on STRA shares. Zacks Investment Research raised Strayer Education from a “sell” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Tuesday, September 26th. BMO Capital Markets reissued a “buy” rating and issued a $100.00 price objective on shares of Strayer Education in a research note on Thursday, July 20th. BidaskClub downgraded 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Strayer Education currently has an average rating of “Hold” and an average price target of $94.00.
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Shares of Strayer Education, Inc. (STRA) opened at 88.08 on Thursday. 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 price of $81.66 and a 200 day moving average price of $85.28. The stock has a market capitalization of $942.54 million, a PE ratio of 27.36 and a beta of 0.95.
Strayer Education (NASDAQ:STRA) last released its quarterly earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. Strayer Education had a return on equity of 17.65% and a net margin of 7.90%. The company had revenue of $112.70 million during the quarter, compared to analysts’ expectations of $113.68 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts expect that Strayer Education, Inc. will post $3.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.14%. Strayer Education’s dividend payout ratio (DPR) is 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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