Strayer Education (NASDAQ:STRA) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other equities analysts also recently issued reports on STRA. BidaskClub downgraded shares of Strayer Education from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of Strayer Education from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Piper Jaffray Companies reissued a “hold” rating and issued a $87.00 price target on shares of Strayer Education in a research note on Tuesday, October 17th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $118.00 price target (up from $99.00) on shares of Strayer Education in a research note on Tuesday, October 31st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Strayer Education presently has a consensus rating of “Hold” and an average target price of $103.50.

Strayer Education (STRA) traded down $1.10 during mid-day trading on Friday, reaching $97.88. 195,854 shares of the company were exchanged, compared to its average volume of 145,243. Strayer Education has a 12 month low of $71.31 and a 12 month high of $100.72. The company has a market capitalization of $1,061.87, a P/E ratio of 31.40 and a beta of 0.89.

Strayer Education (NASDAQ:STRA) last released its quarterly earnings results on Monday, October 30th. The health services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). Strayer Education had a return on equity of 17.27% and a net margin of 8.52%. The company had revenue of $108.50 million during the quarter, compared to the consensus estimate of $107.54 million. During the same period in the previous year, the company earned $0.25 earnings per share. Strayer Education’s quarterly revenue was up 6.2% on a year-over-year basis. equities research analysts anticipate that Strayer Education will post 3.35 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in STRA. Teachers Advisors LLC increased its stake in shares of Strayer Education by 1.8% during the first quarter. Teachers Advisors LLC now owns 18,374 shares of the health services provider’s stock valued at $1,479,000 after purchasing an additional 322 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Strayer Education by 12.9% during the first quarter. Geode Capital Management LLC now owns 88,977 shares of the health services provider’s stock valued at $7,161,000 after purchasing an additional 10,175 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Strayer Education by 58.4% during the first quarter. Bank of America Corp DE now owns 30,832 shares of the health services provider’s stock valued at $2,482,000 after purchasing an additional 11,372 shares in the last quarter. State Street Corp increased its stake in shares of Strayer Education by 7.1% during the first quarter. State Street Corp now owns 245,824 shares of the health services provider’s stock valued at $19,778,000 after purchasing an additional 16,351 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Strayer Education by 79.8% during the second quarter. State of Alaska Department of Revenue now owns 2,068 shares of the health services provider’s stock valued at $192,000 after purchasing an additional 918 shares in the last quarter. 97.75% of the stock is owned by institutional investors and hedge funds.

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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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