Emerald Acquisition Ltd. purchased a new stake in Strayer Education Inc. (NASDAQ:STRA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,243 shares of the company’s stock, valued at approximately $1,879,000. Emerald Acquisition Ltd. owned approximately 0.36% of Strayer Education as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of STRA. Wedge Capital Management L L P NC raised its position in Strayer Education by 66.0% in the second quarter. Wedge Capital Management L L P NC now owns 9,100 shares of the company’s stock valued at $371,000 after buying an additional 3,619 shares in the last quarter. American Century Companies Inc. raised its position in Strayer Education by 0.4% in the second quarter. American Century Companies Inc. now owns 87,785 shares of the company’s stock valued at $4,313,000 after buying an additional 354 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Strayer Education by 108.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,620 shares of the company’s stock valued at $178,000 after buying an additional 1,887 shares in the last quarter. Arizona State Retirement System raised its position in Strayer Education by 3.7% in the first quarter. Arizona State Retirement System now owns 5,619 shares of the company’s stock valued at $274,000 after buying an additional 200 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Strayer Education by 94.5% in the first quarter. Envestnet Asset Management Inc. now owns 2,324 shares of the company’s stock valued at $113,000 after buying an additional 1,129 shares in the last quarter. Institutional investors and hedge funds own 92.40% of the company’s stock.
Shares of Strayer Education Inc. (NASDAQ:STRA) traded up 1.97% during mid-day trading on Friday, hitting $46.68. The stock had a trading volume of 85,916 shares. The company has a market cap of $495.55 million, a P/E ratio of 13.60 and a beta of 1.18. The firm’s 50 day moving average price is $47.90 and its 200 day moving average price is $47.76. Strayer Education Inc. has a 1-year low of $42.39 and a 1-year high of $63.85.
Strayer Education (NASDAQ:STRA) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by $0.32. The company had revenue of $108.50 million for the quarter, compared to analyst estimates of $109.21 million. Strayer Education had a return on equity of 23.97% and a net margin of 8.55%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $1.11 earnings per share. Analysts predict that Strayer Education Inc. will post $3.20 earnings per share for the current fiscal year.
Several research analysts have weighed in on STRA shares. Credit Suisse Group AG reiterated a “hold” rating on shares of Strayer Education in a report on Wednesday, June 8th. Zacks Investment Research upgraded Strayer Education from a “sell” rating to a “hold” rating in a report on Monday, July 4th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $55.00 target price on shares of Strayer Education in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $50.75.
About Strayer Education
Strayer Education, Inc is an education services holding company. The Company provides post-secondary education services. The Company offers a range of academic programs through its subsidiaries, Strayer University, Inc (the University) and New York Code and Design Academy (NYCDA). The University offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration and criminal justice at approximately 80 physical campuses located in the Mid-Atlantic and Southern regions of the United States, and online.
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