Strayer Education, Inc. (STRA) Rating Lowered to Buy at BidaskClub
BidaskClub lowered shares of Strayer Education, Inc. (NASDAQ:STRA) from a strong-buy rating to a buy rating in a research report released on Thursday morning.
STRA has been the subject of several other reports. Zacks Investment Research raised Strayer Education from a sell rating to a hold rating in a research report on Monday, July 17th. BMO Capital Markets reaffirmed a buy rating and set a $100.00 target price on shares of Strayer Education in a research report on Thursday, May 4th. First Analysis raised their target price on Strayer Education from $76.00 to $95.00 and gave the company an equal weight rating in a research report on Monday, May 15th. Finally, Piper Jaffray Companies reaffirmed a hold rating on shares of Strayer Education in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Strayer Education currently has a consensus rating of Hold and an average target price of $83.75.
Strayer Education (STRA) traded down 0.01% during trading on Thursday, reaching $79.02. 359 shares of the company’s stock were exchanged. Strayer Education has a 12 month low of $44.58 and a 12 month high of $95.74. The firm has a market cap of $845.59 million, a price-to-earnings ratio of 24.55 and a beta of 0.92. The firm’s 50-day moving average price is $91.36 and its 200-day moving average price is $84.83.
Strayer Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analyst estimates of $113.68 million. During the same period last year, the firm posted $0.72 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Strayer Education will post $3.40 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. Strayer Education’s payout ratio is 31.15%.
In other news, CEO Raymond Karl Mcdonnell sold 43,659 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $90.93, for a total transaction of $3,969,912.87. Following the completion of the transaction, the chief executive officer now owns 193,764 shares in the company, valued at approximately $17,618,960.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.70% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Strayer Education during the first quarter worth $173,000. State of Alaska Department of Revenue raised its stake in shares of Strayer Education by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 2,068 shares of the health services provider’s stock worth $192,000 after buying an additional 918 shares in the last quarter. Mason Street Advisors LLC raised its stake in shares of 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 bought a new stake in shares of Strayer Education during the first quarter worth $200,000. Finally, Karp Capital Management Corp bought a new stake in shares of Strayer Education during the first quarter worth $239,000. Institutional investors and hedge funds own 92.17% of the company’s stock.
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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