State Board of Administration of Florida Retirement System cut its stake in shares of Strayer Education Inc. (NASDAQ:STRA) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,583 shares of the company’s stock after selling 120 shares during the period. State Board of Administration of Florida Retirement System owned about 0.08% of Strayer Education worth $422,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the stock. American Century Companies Inc. boosted its stake 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 during the period. BlackRock Group LTD boosted its stake in Strayer Education by 5.8% in the first quarter. BlackRock Group LTD now owns 15,496 shares of the company’s stock valued at $755,000 after buying an additional 855 shares during the period. BNP Paribas Arbitrage SA boosted its stake 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 during the period. Wedge Capital Management L L P NC boosted its stake 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 during the period. Finally, HBK Investments L P acquired a new stake in Strayer Education during the first quarter valued at approximately $283,000. Institutional investors own 92.40% of the company’s stock.
Shares of Strayer Education Inc. (NASDAQ:STRA) traded up 1.45% during mid-day trading on Monday, hitting $46.92. The stock had a trading volume of 21,715 shares. The firm has a market cap of $498.10 million, a price-to-earnings ratio of 13.67 and a beta of 1.06. Strayer Education Inc. has a one year low of $42.39 and a one year high of $63.85. The company has a 50-day moving average of $47.76 and a 200 day moving average of $47.67.
Strayer Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.04 by $0.32. Strayer Education had a net margin of 8.55% and a return on equity of 23.97%. The company had revenue of $108.50 million for the quarter, compared to analysts’ expectations of $109.21 million. During the same period in the prior year, the company earned $1.11 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities research analysts forecast that Strayer Education Inc. will post $3.20 earnings per share for the current year.
Several research firms have commented on STRA. BMO Capital Markets restated a “buy” rating and issued a $55.00 price target on shares of Strayer Education in a report on Thursday, July 28th. Zacks Investment Research upgraded Strayer Education from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $56.00 target price on shares of Strayer Education in a report on Wednesday, June 15th. 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 company. The stock currently has an average rating of “Hold” and a consensus 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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