Citadel Advisors LLC Raises Holdings in Strayer Education, Inc. (STRA)
Citadel Advisors LLC boosted its position in Strayer Education, Inc. (NASDAQ:STRA) by 10.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,785 shares of the health services provider’s stock after buying an additional 3,465 shares during the quarter. Citadel Advisors LLC owned approximately 0.35% of Strayer Education worth $3,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Schroder Investment Management Group boosted its stake in Strayer Education by 6.9% in the third quarter. Schroder Investment Management Group now owns 64,736 shares of the health services provider’s stock worth $5,730,000 after buying an additional 4,178 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in 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 worth $22,795,000 after buying an additional 30,755 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Strayer Education by 2.8% in the third quarter. D.A. Davidson & CO. now owns 20,388 shares of the health services provider’s stock worth $1,779,000 after buying an additional 560 shares in the last quarter. Chartwell Investment Partners LLC purchased a new stake in Strayer Education in the third quarter worth approximately $4,138,000. Finally, Russell Investments Group Ltd. boosted its stake in Strayer Education by 66.1% in the third quarter. Russell Investments Group Ltd. now owns 4,331 shares of the health services provider’s stock worth $378,000 after buying an additional 1,723 shares in the last quarter. 97.75% of the stock is owned by institutional investors and hedge funds.
Shares of Strayer Education, Inc. (NASDAQ:STRA) opened at $97.88 on Friday. Strayer Education, Inc. has a 12-month low of $71.31 and a 12-month high of $100.72. The firm has a market capitalization of $1,047.41, a P/E ratio of 30.97 and a beta of 0.89.
Strayer Education (NASDAQ:STRA) last announced its quarterly earnings data on Monday, October 30th. The health services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). Strayer Education had a net margin of 8.52% and a return on equity of 17.27%. The company had revenue of $108.50 million during the quarter, compared to the consensus estimate of $107.54 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities analysts expect that Strayer Education, Inc. will post 3.35 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.00 annualized dividend and a yield of 1.02%. Strayer Education’s payout ratio is currently 28.57%.
Several brokerages have weighed in on STRA. ValuEngine downgraded Strayer Education from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded Strayer Education from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Piper Jaffray Companies reiterated a “hold” rating and issued a $87.00 price objective on shares of Strayer Education in a research report on Tuesday, October 17th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $118.00 price objective (up previously from $99.00) on shares of Strayer Education in a research report on Tuesday, October 31st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $103.50.
About Strayer Education
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.
Want to see what other hedge funds are holding STRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Strayer Education, Inc. (NASDAQ:STRA).
Receive News & Ratings for Strayer Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strayer Education Inc. and related companies with MarketBeat.com's FREE daily email newsletter.