Strayer Education, Inc. (STRA) Given Average Rating of “Hold” by Brokerages
Strayer Education, Inc. (NASDAQ:STRA) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $82.67.
A number of equities research analysts have issued reports on STRA shares. Zacks Investment Research lowered Strayer Education from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. BMO Capital Markets reaffirmed a “buy” rating and issued a $100.00 price target on shares of Strayer Education in a research report on Thursday, May 4th. First Analysis increased their price target on Strayer Education from $76.00 to $95.00 and gave the company an “equal weight” rating in a research report on Monday, May 15th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating on shares of Strayer Education in a research report on Friday.
In other Strayer Education news, CEO Raymond Karl Mcdonnell sold 43,659 shares of the stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $90.93, for a total value of $3,969,912.87. Following the sale, the chief executive officer now owns 193,764 shares of the company’s stock, valued at approximately $17,618,960.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Strayer Education by 64,392.9% in the first quarter. BlackRock Inc. now owns 1,298,888 shares of the health services provider’s stock worth $104,548,000 after buying an additional 1,296,874 shares in the last quarter. FMR LLC raised its stake in shares of Strayer Education by 189.6% in the first quarter. FMR LLC now owns 510,907 shares of the health services provider’s stock valued at $41,123,000 after buying an additional 334,472 shares during the period. Norges Bank acquired a new stake in shares of Strayer Education during the fourth quarter valued at $14,289,000. Rice Hall James & Associates LLC raised its stake in shares of Strayer Education by 2,158.3% in the first quarter. Rice Hall James & Associates LLC now owns 74,411 shares of the health services provider’s stock valued at $5,989,000 after buying an additional 71,116 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Strayer Education by 14.5% in the first quarter. Bank of New York Mellon Corp now owns 147,119 shares of the health services provider’s stock valued at $11,842,000 after buying an additional 18,611 shares during the period. 92.43% of the stock is currently owned by institutional investors.
Shares of Strayer Education (NASDAQ STRA) traded down 1.86% during trading on Friday, reaching $92.48. 41,687 shares of the company’s stock were exchanged. Strayer Education has a 12-month low of $43.50 and a 12-month high of $95.74. The company has a market capitalization of $984.36 million, a P/E ratio of 30.65 and a beta of 0.92. The stock has a 50-day moving average price of $92.16 and a 200 day moving average price of $84.69.
Strayer Education (NASDAQ:STRA) last posted its quarterly earnings results on Wednesday, May 3rd. The health services provider reported $0.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.95. The company had revenue of $114.90 million for the quarter, compared to analyst estimates of $116.44 million. Strayer Education had a return on equity of 17.27% and a net margin of 7.41%. Strayer Education’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 EPS. Equities analysts expect that Strayer Education will post $3.47 EPS for the current fiscal year.
About Strayer Education
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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