SG Americas Securities LLC Sells 2,443 Shares of Strayer Education, Inc. (STRA)
SG Americas Securities LLC lessened its holdings in Strayer Education, Inc. (NASDAQ:STRA) by 53.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,105 shares of the health services provider’s stock after selling 2,443 shares during the period. SG Americas Securities LLC’s holdings in Strayer Education were worth $196,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in STRA. BlackRock Inc. lifted its holdings 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 valued at $104,548,000 after purchasing an additional 1,296,874 shares in the last quarter. FMR LLC lifted its holdings 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 valued at $41,123,000 after purchasing an additional 334,472 shares in the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of Strayer Education by 59.2% in the second quarter. Rice Hall James & Associates LLC now owns 118,484 shares of the health services provider’s stock valued at $11,045,000 after purchasing an additional 44,073 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Strayer Education in the second quarter valued at about $2,143,000. Finally, Bank of New York Mellon Corp lifted its holdings 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 valued at $11,842,000 after purchasing an additional 18,611 shares in the last quarter. 93.04% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on STRA. 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. Piper Jaffray Companies reissued a “hold” rating on shares of Strayer Education in a research note on Friday, July 21st. Zacks Investment Research raised shares of Strayer Education from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, BidaskClub downgraded shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $94.00.
Strayer Education, Inc. (STRA) opened at 84.96 on Thursday. Strayer Education, Inc. has a 52 week low of $44.63 and a 52 week high of $95.74. The stock has a market cap of $909.16 million, a P/E ratio of 26.39 and a beta of 0.92. The company’s 50 day moving average is $79.78 and its 200 day moving average is $84.74.
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 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 company had revenue of $112.70 million during the quarter, compared to analysts’ expectations of $113.68 million. During the same period last year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts predict that Strayer Education, Inc. will post $3.33 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, September 1st. Strayer Education’s payout ratio is 31.15%.
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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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