D.A. Davidson & CO. Has $1.85 Million Stake in Strayer Education, Inc. (STRA)
D.A. Davidson & CO. lifted its position in shares of Strayer Education, Inc. (NASDAQ:STRA) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,828 shares of the health services provider’s stock after purchasing an additional 1,170 shares during the quarter. D.A. Davidson & CO. owned 0.19% of Strayer Education worth $1,848,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of STRA. Victory Capital Management Inc. grew its stake in shares of Strayer Education by 15.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock worth $157,000 after purchasing an additional 221 shares during the period. Quantbot Technologies LP purchased a new position in shares of Strayer Education during the 1st quarter valued at approximately $173,000. State of Alaska Department of Revenue lifted its position in shares of Strayer Education by 79.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,068 shares of the health services provider’s stock valued at $192,000 after buying an additional 918 shares in the last quarter. Mason Street Advisors LLC lifted its position in shares of Strayer Education by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 2,438 shares of the health services provider’s stock valued at $196,000 after buying an additional 159 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new position in shares of Strayer Education during the 1st quarter valued at approximately $200,000. 93.04% of the stock is currently owned by institutional investors and hedge funds.
Strayer Education, Inc. (NASDAQ:STRA) opened at 83.92 on Friday. Strayer Education, Inc. has a 12 month low of $44.63 and a 12 month high of $95.74. The stock has a market cap of $898.03 million, a price-to-earnings ratio of 26.07 and a beta of 0.92. The stock’s 50 day moving average price is $79.78 and its 200-day moving average price is $84.74.
Strayer Education (NASDAQ:STRA) last announced its quarterly earnings data on Wednesday, July 26th. The health services provider reported $0.92 earnings per share 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 firm had revenue of $112.70 million for the quarter, compared to analyst estimates of $113.68 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. Strayer Education’s quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts predict that Strayer Education, Inc. will post $3.33 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Tuesday, September 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, September 1st. Strayer Education’s dividend payout ratio is presently 31.15%.
A number of research analysts have recently issued reports on the company. BidaskClub lowered Strayer Education from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies reiterated a “hold” rating and set a $87.00 target price on shares of Strayer Education in a research report on Friday, July 28th. Zacks Investment Research lowered Strayer Education from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $100.00 target price on shares of Strayer Education in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, three have issued 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 target price of $94.00.
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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.
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