Metropolitan Life Insurance Co. NY Maintains Stake in Strayer Education, Inc. (STRA)
Metropolitan Life Insurance Co. NY maintained its position in Strayer Education, Inc. (NASDAQ:STRA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,694 shares of the health services provider’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned 0.07% of Strayer Education worth $619,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Strayer Education by 64,392.9% in the first quarter. BlackRock Inc. now owns 1,298,888 shares of the health services provider’s stock worth $104,548,000 after buying an additional 1,296,874 shares during the period. FMR LLC raised its stake in shares of Strayer Education by 189.6% in the first quarter. FMR LLC now owns 510,907 shares of the health services provider’s stock worth $41,123,000 after buying an additional 334,472 shares during the period. Norges Bank bought a new stake in shares of Strayer Education during the fourth quarter worth about $14,289,000. Rice Hall James & Associates LLC raised its stake in shares of Strayer Education by 2,158.3% in the first quarter. Rice Hall James & Associates LLC now owns 74,411 shares of the health services provider’s stock worth $5,989,000 after buying an additional 71,116 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Strayer Education by 14.5% in the first quarter. Bank of New York Mellon Corp now owns 147,119 shares of the health services provider’s stock worth $11,842,000 after buying an additional 18,611 shares during the period. 92.27% of the stock is owned by hedge funds and other institutional investors.
Strayer Education, Inc. (STRA) traded up 0.49% on Tuesday, hitting $81.82. 3,615 shares of the stock were exchanged. The stock has a market capitalization of $875.56 million, a P/E ratio of 25.42 and a beta of 0.90. The company has a 50 day moving average of $90.55 and a 200 day moving average of $84.85. Strayer Education, Inc. has a one year low of $44.58 and a one year high of $95.74.
Strayer Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 26th. The health services provider reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The business had revenue of $112.70 million during the quarter, compared to analysts’ expectations of $113.68 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. On average, equities research analysts forecast that Strayer Education, Inc. will post $3.33 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, September 1st. Strayer Education’s payout ratio is 31.15%.
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A number of equities research analysts have issued reports on STRA shares. BMO Capital Markets reissued a “buy” rating and set a $100.00 target price on shares of Strayer Education in a research note on Thursday, May 4th. First Analysis lifted their target price on shares of Strayer Education from $76.00 to $95.00 and gave the company an “equal weight” rating in a research note on Monday, May 15th. Zacks Investment Research downgraded shares of Strayer Education from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Piper Jaffray Companies restated a “hold” rating on shares of Strayer Education in a report on Friday, July 21st. Finally, BidaskClub downgraded shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $83.75.
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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