California State Teachers Retirement System cut its position in Strayer Education, Inc. (NASDAQ:STRA) by 9.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,794 shares of the health services provider’s stock after selling 2,015 shares during the quarter. California State Teachers Retirement System owned 0.18% of Strayer Education worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of Strayer Education by 15.1% in the second quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock valued at $157,000 after purchasing an additional 221 shares during the period. State of Alaska Department of Revenue boosted its stake in Strayer Education by 79.8% during 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. Stifel Financial Corp bought a new position in Strayer Education during the 2nd quarter valued at $202,000. M&T Bank Corp bought a new position in Strayer Education during the 2nd quarter valued at $212,000. Finally, Aperio Group LLC boosted its stake in Strayer Education by 1.4% during the 2nd quarter. Aperio Group LLC now owns 3,012 shares of the health services provider’s stock valued at $281,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.
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STRA has been the topic of a number of research analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $100.00 price objective on shares of Strayer Education in a research note on Thursday, July 20th. Piper Jaffray Companies reiterated a “hold” rating on shares of Strayer Education in a research note on Friday, July 21st. BidaskClub downgraded shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of Strayer Education from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $99.50.
Strayer Education, Inc. (STRA) opened at $94.16 on Friday. Strayer Education, Inc. has a 52 week low of $69.96 and a 52 week high of $100.72. The company has a market cap of $1,001.41, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 2.76 and a beta of 0.90.
Strayer Education (NASDAQ:STRA) last issued its earnings results on Monday, October 30th. The health services provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). The business had revenue of $108.50 million for the quarter, compared to analyst estimates of $107.54 million. Strayer Education had a return on equity of 17.27% and a net margin of 8.52%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. sell-side analysts expect that Strayer Education, Inc. will post 3.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. Strayer Education’s dividend payout ratio (DPR) is 28.57%.
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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