Strayer Education, Inc. (NASDAQ:STRA) Shares Sold by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio reduced its stake in Strayer Education, Inc. (NASDAQ:STRA) by 14.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,047 shares of the health services provider’s stock after selling 346 shares during the period. Public Employees Retirement System of Ohio’s holdings in Strayer Education were worth $165,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Strayer Education during the first quarter worth $173,000. Mason Street Advisors LLC increased its stake in Strayer Education by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,438 shares of the health services provider’s stock worth $196,000 after buying an additional 159 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Strayer Education during the first quarter worth $200,000. Karp Capital Management Corp acquired a new stake in Strayer Education during the first quarter worth $239,000. Finally, Chicago Equity Partners LLC acquired a new stake in Strayer Education during the first quarter worth $264,000. Institutional investors and hedge funds own 92.27% of the company’s stock.
Strayer Education, Inc. (STRA) traded down 0.68% on Friday, hitting $78.66. The company had a trading volume of 19,426 shares. The firm has a market capitalization of $841.74 million, a PE ratio of 24.44 and a beta of 0.90. The firm has a 50-day moving average price of $88.14 and a 200-day moving average price of $84.80. Strayer Education, Inc. has a 12-month low of $44.63 and a 12-month high of $95.74.
Strayer Education (NASDAQ:STRA) last issued its quarterly earnings data on Wednesday, July 26th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. Strayer Education had a return on equity of 17.65% and a net margin of 7.90%. The company had revenue of $112.70 million during the quarter, compared to the consensus estimate of $113.68 million. During the same period last year, the company earned $0.72 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate 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. Shareholders of record on Tuesday, September 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. Strayer Education’s payout ratio is currently 31.15%.
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Several brokerages have recently commented on STRA. Zacks Investment Research downgraded shares of Strayer Education from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. BidaskClub downgraded shares of Strayer Education from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Piper Jaffray Companies restated a “hold” rating on shares of Strayer Education in a research note on Friday, July 21st. First Analysis boosted 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. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $100.00 price target on shares of Strayer Education in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Strayer Education has a consensus rating of “Hold” and an average target price 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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