Municipal Employees Retirement System of Michigan increased its stake in shares of Strayer Education Inc (NASDAQ:STRA) by 60.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,940 shares of the health services provider’s stock after purchasing an additional 1,480 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Strayer Education were worth $344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teachers Advisors LLC grew its stake in shares of Strayer Education by 4.4% during the second quarter. Teachers Advisors LLC now owns 19,186 shares of the health services provider’s stock valued at $1,789,000 after purchasing an additional 812 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Strayer Education by 3.2% during the second quarter. Vanguard Group Inc. now owns 1,143,120 shares of the health services provider’s stock valued at $106,562,000 after purchasing an additional 35,328 shares during the last quarter. Valley National Advisers Inc. grew its stake in shares of Strayer Education by 20.3% during the second quarter. Valley National Advisers Inc. now owns 4,842 shares of the health services provider’s stock valued at $451,000 after purchasing an additional 816 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Strayer Education by 22.1% during the second quarter. New York State Common Retirement Fund now owns 17,954 shares of the health services provider’s stock valued at $1,674,000 after purchasing an additional 3,249 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Strayer Education by 4.3% during the second quarter. State Street Corp now owns 256,274 shares of the health services provider’s stock valued at $23,892,000 after purchasing an additional 10,450 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Strayer Education Inc (NASDAQ STRA) opened at $93.66 on Friday. Strayer Education Inc has a twelve month low of $71.31 and a twelve month high of $100.72. The firm has a market cap of $1,002.26, a P/E ratio of 29.64 and a beta of 0.89.

Strayer Education (NASDAQ:STRA) last announced its quarterly earnings data on Monday, October 30th. The health services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). Strayer Education had a net margin of 8.52% and a return on equity of 17.27%. The business had revenue of $108.50 million during the quarter, compared to analyst estimates of $107.54 million. During the same quarter in the prior year, the company earned $0.25 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. equities research analysts forecast that Strayer Education Inc will post 3.35 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be issued a $0.25 dividend. The ex-dividend date is Friday, December 1st. This represents a $1.00 annualized dividend and a yield of 1.07%. Strayer Education’s dividend payout ratio is currently 28.57%.

STRA has been the topic of several analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $118.00 price objective (up from $99.00) on shares of Strayer Education in a report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Strayer Education from a “sell” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Tuesday, September 26th. Piper Jaffray Companies restated a “hold” rating and issued a $96.00 price objective on shares of Strayer Education in a report on Monday, December 4th. BidaskClub lowered shares of Strayer Education from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, ValuEngine lowered shares of Strayer Education from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Strayer Education has an average rating of “Hold” and a consensus price target of $104.75.

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Strayer Education 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.

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

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