Strayer Education Inc (STRA) Holdings Cut by State of Tennessee Treasury Department

State of Tennessee Treasury Department lessened its stake in shares of Strayer Education Inc (NASDAQ:STRA) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,306 shares of the health services provider’s stock after selling 904 shares during the period. State of Tennessee Treasury Department owned 0.07% of Strayer Education worth $744,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. TimesSquare Capital Management LLC boosted its position in shares of Strayer Education by 13.3% in the third quarter. TimesSquare Capital Management LLC now owns 261,205 shares of the health services provider’s stock valued at $22,795,000 after acquiring an additional 30,755 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Strayer Education by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 442,903 shares of the health services provider’s stock valued at $38,653,000 after acquiring an additional 1,786 shares during the period. D.A. Davidson & CO. boosted its position in shares of Strayer Education by 6.6% in the fourth quarter. D.A. Davidson & CO. now owns 21,737 shares of the health services provider’s stock valued at $1,947,000 after acquiring an additional 1,349 shares during the period. Citadel Advisors LLC boosted its position in shares of Strayer Education by 10.1% in the third quarter. Citadel Advisors LLC now owns 37,785 shares of the health services provider’s stock valued at $3,297,000 after acquiring an additional 3,465 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of Strayer Education by 27.7% in the third quarter. New York State Common Retirement Fund now owns 22,936 shares of the health services provider’s stock valued at $2,002,000 after acquiring an additional 4,982 shares during the period. Institutional investors own 98.15% of the company’s stock.

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STRA stock traded down $0.96 during midday trading on Friday, hitting $101.54. The stock had a trading volume of 69,857 shares, compared to its average volume of 84,059. The stock has a market cap of $1,144.03, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 2.59 and a beta of 0.84. Strayer Education Inc has a 52 week low of $75.91 and a 52 week high of $104.85.

Strayer Education (NASDAQ:STRA) last issued its earnings results on Thursday, March 1st. The health services provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.20). The firm had revenue of $118.70 million during the quarter, compared to the consensus estimate of $121.50 million. Strayer Education had a return on equity of 17.75% and a net margin of 4.53%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the business earned $1.07 earnings per share. research analysts anticipate that Strayer Education Inc will post 3.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Monday, March 12th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 9th. This represents a $1.00 annualized dividend and a yield of 0.98%. Strayer Education’s dividend payout ratio (DPR) is currently 32.15%.

In other Strayer Education news, insider Brian W. Jones sold 8,743 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $91.24, for a total transaction of $797,711.32. Following the completion of the transaction, the insider now directly owns 40,325 shares in the company, valued at $3,679,253. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas J. Aprahamian sold 2,964 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $91.11, for a total value of $270,050.04. Following the transaction, the chief accounting officer now owns 13,980 shares of the company’s stock, valued at $1,273,717.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,043 shares of company stock valued at $3,181,155. 6.70% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on STRA shares. Zacks Investment Research raised Strayer Education from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Friday, January 5th. BidaskClub cut Strayer Education from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. ValuEngine raised Strayer Education from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. First Analysis raised Strayer Education from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $105.00 to $112.00 in a research report on Sunday, March 4th. Finally, Piper Jaffray raised Strayer Education from a “neutral” rating to an “overweight” rating in a research report on Monday, March 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $100.75.

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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.

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

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