JPMorgan Chase & Co. Sells 592 Shares of Strayer Education Inc (STRA)
JPMorgan Chase & Co. trimmed its holdings in shares of Strayer Education Inc (NASDAQ:STRA) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,887 shares of the health services provider’s stock after selling 592 shares during the period. JPMorgan Chase & Co. owned about 0.18% of Strayer Education worth $1,672,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Teachers Advisors LLC increased its stake in shares of Strayer Education by 4.4% during the 2nd quarter. Teachers Advisors LLC now owns 19,186 shares of the health services provider’s stock worth $1,789,000 after purchasing an additional 812 shares in the last quarter. Vanguard Group Inc. grew its stake in Strayer Education by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,143,120 shares of the health services provider’s stock worth $106,562,000 after acquiring an additional 35,328 shares during the period. State Street Corp grew its stake in Strayer Education by 4.3% in the 2nd quarter. State Street Corp now owns 256,274 shares of the health services provider’s stock worth $23,892,000 after acquiring an additional 10,450 shares during the period. TimesSquare Capital Management LLC grew its stake in Strayer Education by 13.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 261,205 shares of the health services provider’s stock worth $22,795,000 after acquiring an additional 30,755 shares during the period. Finally, New York State Common Retirement Fund grew its stake in Strayer Education by 22.1% in the 2nd quarter. New York State Common Retirement Fund now owns 17,954 shares of the health services provider’s stock worth $1,674,000 after acquiring an additional 3,249 shares during the period. 93.73% of the stock is owned by institutional investors and hedge funds.
STRA has been the subject of several recent analyst reports. Zacks Investment Research raised shares of 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, September 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $87.00 target price on shares of Strayer Education in a research note on Tuesday, October 17th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $118.00 target price (up from $99.00) on shares of Strayer Education in a research note on Tuesday, October 31st. ValuEngine cut shares of Strayer Education from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub cut shares of Strayer Education from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Strayer Education has a consensus rating of “Hold” and a consensus price target of $102.25.
Strayer Education (NASDAQ:STRA) last released its earnings results on Monday, October 30th. The health services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). The firm had revenue of $108.50 million during the quarter, compared to analysts’ expectations of $107.54 million. Strayer Education had a return on equity of 11.76% and a net margin of 5.74%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. analysts predict that Strayer Education Inc will post 3.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Monday, December 4th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, December 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. Strayer Education’s dividend payout ratio is presently 28.57%.
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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.
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