Ingalls & Snyder LLC lowered its position in shares of Strayer Education Inc (NASDAQ:STRA) by 0.0% during the first quarter, Holdings Channel reports. The fund owned 42,985 shares of the health services provider’s stock after selling 20 shares during the period. Ingalls & Snyder LLC’s holdings in Strayer Education were worth $3,460,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in STRA. Russell Investments Group Ltd. acquired a new stake in shares of Strayer Education during the fourth quarter valued at $2,927,000. Comerica Bank increased its stake in shares of Strayer Education by 5.8% in the fourth quarter. Comerica Bank now owns 11,097 shares of the health services provider’s stock valued at $893,000 after buying an additional 607 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Strayer Education by 2.8% in the third quarter. BlackRock Fund Advisors now owns 756,272 shares of the health services provider’s stock valued at $35,303,000 after buying an additional 20,484 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Strayer Education by 3.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,570 shares of the health services provider’s stock valued at $449,000 after buying an additional 190 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Strayer Education by 7.1% in the fourth quarter. State Street Corp now owns 229,473 shares of the health services provider’s stock valued at $18,502,000 after buying an additional 15,179 shares in the last quarter. Institutional investors and hedge funds own 90.34% of the company’s stock.
Shares of Strayer Education Inc (NASDAQ:STRA) traded up 1.83% during mid-day trading on Friday, hitting $87.95. The company had a trading volume of 81,041 shares. The company has a market capitalization of $936.14 million, a PE ratio of 29.15 and a beta of 0.99. The company’s 50-day moving average is $84.51 and its 200 day moving average is $79.31. Strayer Education Inc has a one year low of $43.50 and a one year high of $94.34.
Strayer Education (NASDAQ:STRA) last posted its quarterly earnings data on Wednesday, May 3rd. The health services provider reported $0.95 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. The company had revenue of $114.90 million during the quarter, compared to analyst estimates of $116.44 million. Strayer Education had a return on equity of 21.76% and a net margin of 8.30%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $1.06 earnings per share. On average, equities research analysts forecast that Strayer Education Inc will post $3.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 19th. Investors of record on Monday, June 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, June 1st.
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Several analysts recently weighed in on STRA shares. Zacks Investment Research downgraded Strayer Education from a “hold” rating to a “strong sell” rating in a research report on Monday, February 20th. BMO Capital Markets upped their price objective on Strayer Education from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 15th. TheStreet upgraded Strayer Education from a “c” rating to a “b” rating in a research report on Thursday, February 16th. Finally, First Analysis upped their price objective on Strayer Education from $76.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $82.67.
In related news, CEO Raymond Karl Mcdonnell sold 43,659 shares of Strayer Education 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 sale, the chief executive officer now owns 193,764 shares of the company’s stock, valued at $17,618,960.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.40% of the stock is currently owned by company insiders.
Strayer Education Company Profile
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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