BidaskClub Lowers Strayer Education (STRA) to Hold

Strayer Education (NASDAQ:STRA) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

STRA has been the topic of a number of other reports. Piper Jaffray Companies restated a “hold” rating and set a $91.00 target price on shares of Strayer Education in a research report on Wednesday, November 1st. ValuEngine downgraded shares of Strayer Education from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded shares of Strayer Education from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Finally, BMO Capital Markets restated an “outperform” rating and set a $118.00 target price (up from $99.00) on shares of Strayer Education in a research report on Tuesday, October 31st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $104.75.

Strayer Education (STRA) opened at $95.04 on Tuesday. Strayer Education has a 52-week low of $71.31 and a 52-week high of $100.72. The stock has a market cap of $1,060.00, a PE ratio of 30.98 and a beta of 0.89.

Strayer Education (NASDAQ:STRA) last released its earnings results on Monday, October 30th. The health services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $107.54 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. equities research analysts forecast that Strayer Education will post 3.35 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of Strayer Education by 15.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock valued at $157,000 after acquiring an additional 221 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Strayer Education in the 2nd quarter valued at about $202,000. Piedmont Investment Advisors LLC bought a new stake in shares of Strayer Education in the 2nd quarter valued at about $211,000. M&T Bank Corp bought a new stake in shares of Strayer Education in the 2nd quarter valued at about $212,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Strayer Education in the 3rd quarter valued at about $203,000. 97.76% of the stock is owned by institutional investors.

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About Strayer Education

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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