Strayer Education (NASDAQ:STRA) Earns “Hold” Rating from Piper Jaffray Companies

Strayer Education (NASDAQ:STRA)‘s stock had its “hold” rating reiterated by stock analysts at Piper Jaffray Companies in a note issued to investors on Monday, December 4th. They presently have a $96.00 price objective on the health services provider’s stock. Piper Jaffray Companies’ price target points to a potential upside of 5.10% from the stock’s current price.

STRA has been the subject of several other research reports. Zacks Investment Research upgraded shares of Strayer Education from a “sell” rating to a “buy” rating and set a $94.00 price target for the company in a report on Tuesday, September 26th. BMO Capital Markets restated an “outperform” rating and set a $118.00 price target (up previously from $99.00) on shares of Strayer Education in a report on Tuesday, October 31st. Finally, ValuEngine lowered shares of Strayer Education from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $104.75.

Strayer Education (NASDAQ STRA) traded up $0.29 on Monday, hitting $91.34. 136,400 shares of the stock were exchanged, compared to its average volume of 79,491. The firm has a market cap of $1,016.79, a P/E ratio of 28.81 and a beta of 0.89. Strayer Education has a one year low of $71.31 and a one year high of $100.72.

Strayer Education (NASDAQ:STRA) last issued its quarterly earnings data 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). The business had revenue of $108.50 million during the quarter, compared to the consensus estimate of $107.54 million. Strayer Education had a net margin of 8.52% and a return on equity of 17.27%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 EPS. analysts expect that Strayer Education will post 3.35 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Burgundy Asset Management Ltd. boosted its holdings in Strayer Education by 3.6% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 342,996 shares of the health services provider’s stock worth $29,933,000 after acquiring an additional 11,999 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Strayer Education by 23.2% in the 3rd quarter. GSA Capital Partners LLP now owns 6,240 shares of the health services provider’s stock worth $545,000 after buying an additional 1,175 shares during the last quarter. Granahan Investment Management Inc. MA boosted its holdings in shares of Strayer Education by 12.8% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 214,302 shares of the health services provider’s stock worth $18,702,000 after buying an additional 24,302 shares during the last quarter. First Republic Investment Management Inc. purchased a new position in shares of Strayer Education in the 3rd quarter worth about $283,000. Finally, Goodnow Investment Group LLC boosted its holdings in shares of Strayer Education by 2.1% in the 3rd quarter. Goodnow Investment Group LLC now owns 396,321 shares of the health services provider’s stock worth $34,587,000 after buying an additional 8,210 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

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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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