Strayer Education Inc. (STRA) Sees Large Volume Increase
Strayer Education Inc. (NASDAQ:STRA) saw an uptick in trading volume on Wednesday . 94,843 shares traded hands during trading, an increase of 0% from the previous session’s volume of 94,786 shares.The stock last traded at $47.85 and had previously closed at $47.94.
A number of brokerages have recently weighed in on STRA. Zacks Investment Research upgraded Strayer Education from a “sell” rating to a “hold” rating in a research report on Monday. Credit Suisse Group AG restated a “hold” rating and set a $56.00 price objective on shares of Strayer Education in a research report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Strayer Education has a consensus rating of “Hold” and a consensus target price of $51.50.
The firm has a market capitalization of $514.16 million and a P/E ratio of 12.70. The stock’s 50-day moving average price is $47.45 and its 200-day moving average price is $49.09.
Strayer Education (NASDAQ:STRA) last released its earnings results on Wednesday, May 4th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.04. The business had revenue of $111.20 million for the quarter, compared to analyst estimates of $111.65 million. Strayer Education’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. Analysts anticipate that Strayer Education Inc. will post $3.47 EPS for the current fiscal year.
In other Strayer Education news, Director Todd A. Milano bought 710 shares of Strayer Education stock in a transaction on Monday, May 9th. The shares were bought at an average cost of $46.38 per share, for a total transaction of $32,929.80. Following the acquisition, the director now directly owns 19,552 shares in the company, valued at $906,821.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Other large investors have added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in Strayer Education by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 20,343 shares of the company’s stock worth $1,223,000 after buying an additional 300 shares during the period. Russell Frank Co raised its stake in Strayer Education by 537.7% in the fourth quarter. Russell Frank Co now owns 23,348 shares of the company’s stock worth $1,452,000 after buying an additional 19,687 shares during the period. First Trust Advisors LP raised its stake in Strayer Education by 334.5% in the fourth quarter. First Trust Advisors LP now owns 27,343 shares of the company’s stock worth $1,644,000 after buying an additional 21,050 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Strayer Education by 5.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 50,003 shares of the company’s stock worth $3,006,000 after buying an additional 2,661 shares during the period. Finally, California Public Employees Retirement System raised its stake in Strayer Education by 1.7% in the fourth quarter. California Public Employees Retirement System now owns 59,712 shares of the company’s stock worth $3,590,000 after buying an additional 1,000 shares during the period.
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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