BidaskClub Downgrades Strayer Education (STRA) to Hold
BidaskClub downgraded shares of Strayer Education (NASDAQ:STRA) from a buy rating to a hold rating in a report issued on Tuesday.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Strayer Education from a sell rating to a buy rating and set a $94.00 price target on the stock in a report on Tuesday, September 26th. Piper Jaffray Companies restated a hold rating and set a $96.00 price target on shares of Strayer Education in a report on Monday, December 4th. ValuEngine downgraded Strayer Education from a buy rating to a hold rating in a report on Friday, December 1st. 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 report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Strayer Education presently has a consensus rating of Hold and a consensus price target of $104.75.
Shares of Strayer Education (STRA) opened at $93.66 on Tuesday. Strayer Education has a 1-year low of $71.31 and a 1-year high of $100.72. The firm has a market capitalization of $1,050.00, a PE ratio of 30.23 and a beta of 0.89.
Strayer Education (NASDAQ:STRA) last issued its quarterly earnings results 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 return on equity of 17.27% and a net margin of 8.52%. The company had revenue of $108.50 million for the quarter, compared to analysts’ expectations of $107.54 million. During the same quarter last year, the company earned $0.25 EPS. Strayer Education’s revenue for the quarter was up 6.2% compared to the same quarter last year. analysts forecast that Strayer Education will post 3.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. Strayer Education’s payout ratio is currently 28.57%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in STRA. Victory Capital Management Inc. increased its holdings in shares of Strayer Education by 15.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock valued at $157,000 after acquiring an additional 221 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of Strayer Education in the 2nd quarter valued at about $202,000. Crossmark Global Holdings Inc. purchased a new position in shares of Strayer Education in the 3rd quarter valued at about $203,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Strayer Education in the 3rd quarter valued at about $208,000. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Strayer Education in the 2nd quarter valued at about $211,000. Institutional investors and hedge funds own 97.76% of the company’s stock.
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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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