Alps Advisors Inc. reduced its position in Strayer Education Inc. (NASDAQ:STRA) by 6.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,436 shares of the company’s stock after selling 621 shares during the period. Alps Advisors Inc.’s holdings in Strayer Education were worth $414,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. 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 worth $178,000 after buying an additional 1,887 shares during the last quarter. HBK Investments L P acquired a new stake in Strayer Education during the first quarter worth $283,000. Kempen Capital Management N.V. boosted its stake in Strayer Education by 124.7% in the first quarter. Kempen Capital Management N.V. now owns 11,597 shares of the company’s stock worth $565,000 after buying an additional 6,435 shares during the last quarter. 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 worth $755,000 after buying an additional 855 shares during the last quarter. Finally, Quaker Capital Investments LLC acquired a new stake in Strayer Education during the first quarter worth $3,689,000. 92.40% of the stock is owned by hedge funds and other institutional investors.
Shares of Strayer Education Inc. (NASDAQ:STRA) traded down 0.73% during mid-day trading on Friday, reaching $46.25. The company’s stock had a trading volume of 53,385 shares. The stock has a market capitalization of $490.99 million, a price-to-earnings ratio of 13.48 and a beta of 1.06. Strayer Education Inc. has a 52 week low of $42.39 and a 52 week high of $63.85. The company’s 50-day moving average is $47.76 and its 200-day moving average is $47.67.
Strayer Education (NASDAQ:STRA) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by $0.32. Strayer Education had a return on equity of 23.97% and a net margin of 8.55%. The firm had revenue of $108.50 million for the quarter, compared to analyst estimates of $109.21 million. During the same quarter last year, the company earned $1.11 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities analysts predict that Strayer Education Inc. will post $3.20 EPS for the current year.
A number of analysts have recently weighed in on the company. Credit Suisse Group AG reissued a “hold” rating and issued a $56.00 price objective on shares of Strayer Education in a research report on Wednesday, June 15th. Zacks Investment Research raised Strayer Education from a “sell” rating to a “hold” rating in a research report on Monday, July 4th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $55.00 price target on shares of Strayer Education in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Strayer Education has an average rating of “Hold” and a consensus price target of $50.75.
Strayer Education Company Profile
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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