Mason Street Advisors LLC Buys 159 Shares of Strayer Education, Inc. (STRA)

Mason Street Advisors LLC increased its position in Strayer Education, Inc. (NASDAQ:STRA) by 7.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,438 shares of the health services provider’s stock after buying an additional 159 shares during the period. Mason Street Advisors LLC’s holdings in Strayer Education were worth $196,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Strayer Education by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 435,060 shares of the health services provider’s stock worth $35,079,000 after buying an additional 16,980 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Strayer Education by 4.8% in the fourth quarter. Renaissance Technologies LLC now owns 347,700 shares of the health services provider’s stock worth $28,035,000 after buying an additional 15,800 shares during the last quarter. State Street Corp raised its position 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 worth $18,502,000 after buying an additional 15,179 shares during the last quarter. Norges Bank bought a new position in shares of Strayer Education during the fourth quarter worth about $14,289,000. Finally, FMR LLC raised its position in shares of Strayer Education by 540.8% in the fourth quarter. FMR LLC now owns 176,435 shares of the health services provider’s stock worth $14,226,000 after buying an additional 148,900 shares during the last quarter. Institutional investors own 92.43% of the company’s stock.

Shares of Strayer Education, Inc. (STRA) opened at 93.07 on Tuesday. The company has a market cap of $990.64 million, a P/E ratio of 30.85 and a beta of 1.04. Strayer Education, Inc. has a 12 month low of $43.50 and a 12 month high of $95.74. The stock’s 50 day moving average is $90.55 and its 200 day moving average is $83.00.

Strayer Education (NASDAQ:STRA) last issued its quarterly earnings results on Wednesday, May 3rd. The health services provider reported $0.95 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.95. The company had revenue of $114.90 million for the quarter, compared to the consensus estimate of $116.44 million. Strayer Education had a net margin of 7.41% and a return on equity of 17.27%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 EPS. On average, analysts anticipate that Strayer Education, Inc. will post $3.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 19th. Investors of record on Monday, June 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, June 1st. Strayer Education’s dividend payout ratio (DPR) is currently 33.22%.

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STRA has been the topic of a number of research reports. Zacks Investment Research lowered shares of Strayer Education from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. First Analysis increased their price objective on shares of Strayer Education from $76.00 to $95.00 and gave the company an “equal weight” rating in a report on Monday, May 15th. Finally, BMO Capital Markets increased their price objective on shares of Strayer Education from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, March 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $82.67.

In related news, CEO Raymond Karl Mcdonnell sold 43,659 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $90.93, for a total value of $3,969,912.87. Following the transaction, the chief executive officer now directly owns 193,764 shares of the company’s stock, valued at approximately $17,618,960.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.70% of the stock is currently owned by 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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Institutional Ownership by Quarter for Strayer Education (NASDAQ:STRA)

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