Strayer Education (NASDAQ:STRA) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other research analysts also recently weighed in on STRA. Piper Jaffray Companies restated a “hold” rating and issued a $96.00 price target on shares of Strayer Education in a research note on Monday, December 4th. ValuEngine downgraded Strayer Education from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Strayer Education from a “sell” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Tuesday, September 26th. Finally, BMO Capital Markets restated 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $104.75.

Strayer Education (NASDAQ STRA) traded down $0.47 during mid-day trading on Tuesday, reaching $93.66. The company’s stock had a trading volume of 164,297 shares, compared to its average volume of 137,852. The company has a market capitalization of $1,002.26, a P/E ratio of 29.64 and a beta of 0.89. Strayer Education has a 12-month low of $71.31 and a 12-month high of $100.72.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. lifted its position in shares of Strayer Education by 3.6% in the third quarter. Burgundy Asset Management Ltd. now owns 342,996 shares of the health services provider’s stock valued at $29,933,000 after buying an additional 11,999 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Strayer Education by 23.2% in the third quarter. GSA Capital Partners LLP now owns 6,240 shares of the health services provider’s stock valued at $545,000 after buying an additional 1,175 shares during the last quarter. Granahan Investment Management Inc. MA lifted its position in shares of Strayer Education by 12.8% in the third quarter. Granahan Investment Management Inc. MA now owns 214,302 shares of the health services provider’s stock valued at $18,702,000 after buying an additional 24,302 shares during the last quarter. First Republic Investment Management Inc. acquired a new stake in shares of Strayer Education in the third quarter valued at approximately $283,000. Finally, Goodnow Investment Group LLC lifted its position in shares of Strayer Education by 2.1% in the third quarter. Goodnow Investment Group LLC now owns 396,321 shares of the health services provider’s stock valued at $34,587,000 after buying an additional 8,210 shares during the last quarter. 97.76% of the stock is owned by institutional investors.

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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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