Swiss National Bank cut its stake in Strayer Education Inc. (NASDAQ:STRA) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,400 shares of the company’s stock after selling 600 shares during the period. Swiss National Bank owned about 0.17% of Strayer Education worth $904,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of 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 last quarter. HBK Investments L P purchased a new stake in shares of Strayer Education during the first quarter valued at approximately $283,000. Wedge Capital Management L L P NC raised its stake in shares of 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 last quarter. Kempen Capital Management N.V. raised its stake in shares of Strayer Education by 124.7% in the first quarter. Kempen Capital Management N.V. now owns 11,597 shares of the company’s stock valued at $565,000 after buying an additional 6,435 shares during the last quarter. Finally, BlackRock Group LTD raised its stake in shares of 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 last quarter. 92.40% of the stock is owned by institutional investors.
Shares of Strayer Education Inc. (NASDAQ:STRA) traded down 0.19% during trading on Friday, hitting $46.50. The stock had a trading volume of 39,583 shares. The firm has a 50 day moving average price of $47.81 and a 200 day moving average price of $47.69. Strayer Education Inc. has a 12-month low of $42.39 and a 12-month high of $63.85. The firm has a market cap of $493.64 million, a P/E ratio of 13.55 and a beta of 1.06.
Strayer Education (NASDAQ:STRA) last posted its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ 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 earned $108.50 million during the quarter, compared to analyst estimates of $109.21 million. During the same quarter last year, the business posted $1.11 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts expect that Strayer Education Inc. will post $3.20 earnings per share for the current fiscal year.
Several research firms have issued reports on STRA. Zacks Investment Research raised Strayer Education from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Credit Suisse Group AG reissued a “hold” rating and set a $53.00 price target on shares of Strayer Education in a report on Tuesday, September 13th. Finally, BMO Capital Markets reissued a “buy” rating and set a $55.00 price target on shares of Strayer Education in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Strayer Education currently has a consensus rating of “Hold” and an average 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.
Want to see what other hedge funds are holding STRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Strayer Education Inc. (NASDAQ:STRA).
Receive News & Ratings for Strayer Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strayer Education Inc. and related companies with MarketBeat.com's FREE daily email newsletter.