First Trust Advisors LP Sells 13,819 Shares of Strayer Education Inc. (STRA)
First Trust Advisors LP reduced its position in shares of Strayer Education Inc. (NASDAQ:STRA) by 70.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,771 shares of the company’s stock after selling 13,819 shares during the period. First Trust Advisors LP owned approximately 0.05% of Strayer Education worth $284,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. GSA Capital Partners LLP boosted its stake in shares of Strayer Education by 66.7% in the second quarter. GSA Capital Partners LLP now owns 62,880 shares of the company’s stock worth $3,089,000 after buying an additional 25,149 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of Strayer Education during the second quarter worth approximately $1,879,000. Wedge Capital Management L L P NC boosted its stake in shares of Strayer Education by 66.0% in the second quarter. Wedge Capital Management L L P NC now owns 9,100 shares of the company’s stock worth $371,000 after buying an additional 3,619 shares during the period. American Century Companies Inc. boosted its stake in shares of Strayer Education by 0.4% in the second quarter. American Century Companies Inc. now owns 87,785 shares of the company’s stock worth $4,313,000 after buying an additional 354 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Strayer Education by 108.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,620 shares of the company’s stock worth $178,000 after buying an additional 1,887 shares during the period. Institutional investors and hedge funds own 92.40% of the company’s stock.
Shares of Strayer Education Inc. (NASDAQ:STRA) remained flat at $45.70 on Friday. The stock had a trading volume of 31,943 shares. Strayer Education Inc. has a 52 week low of $42.39 and a 52 week high of $63.85. The firm has a 50 day moving average of $47.11 and a 200-day moving average of $47.61. The firm has a market cap of $485.15 million, a PE ratio of 13.32 and a beta of 1.06.
Strayer Education (NASDAQ:STRA) last issued its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.04 by $0.32. The company had revenue of $108.50 million for the quarter, compared to analysts’ expectations of $109.21 million. Strayer Education had a return on equity of 23.97% and a net margin of 8.55%. Strayer Education’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share. On average, analysts anticipate that Strayer Education Inc. will post $3.20 EPS for the current fiscal year.
A number of brokerages recently issued reports on STRA. Zacks Investment Research raised shares of Strayer Education from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Credit Suisse Group AG reissued a “hold” rating and issued a $53.00 price objective on shares of Strayer Education in a report on Tuesday, September 13th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $55.00 price objective on shares of Strayer Education in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Strayer Education presently has an average rating of “Hold” and a consensus price target of $50.75.
About Strayer Education
Strayer Education, Inc is an education services holding company. The Company provides post-secondary education services. The Company offers a range of academic programs through its subsidiaries, Strayer University, Inc (the University) and New York Code and Design Academy (NYCDA). The University offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration and criminal justice at approximately 80 physical campuses located in the Mid-Atlantic and Southern regions of the United States, and online.
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