Strayer Education Inc (STRA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Strayer Education Inc (NASDAQ:STRA) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $102.25.

A number of equities research analysts have weighed in on the stock. Piper Jaffray Companies reiterated a “hold” rating and set a $91.00 price target on shares of Strayer Education in a research report on Wednesday, November 1st. ValuEngine cut shares of Strayer Education from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut shares of Strayer Education from a “buy” rating to a “hold” rating in a report on Friday, October 6th. BidaskClub cut shares of Strayer Education from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $118.00 price objective (up previously from $99.00) on shares of Strayer Education in a report on Tuesday, October 31st.

Several hedge funds have recently made changes to their positions in the stock. Burgundy Asset Management Ltd. grew its holdings 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 purchasing an additional 11,999 shares in the last quarter. GSA Capital Partners LLP grew its holdings 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 purchasing an additional 1,175 shares in the last quarter. Granahan Investment Management Inc. MA grew its holdings 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 purchasing an additional 24,302 shares in the last quarter. First Republic Investment Management Inc. acquired a new position in Strayer Education during the 3rd quarter worth approximately $283,000. Finally, Goodnow Investment Group LLC grew its holdings in Strayer Education by 2.1% during the 3rd quarter. Goodnow Investment Group LLC now owns 396,321 shares of the health services provider’s stock worth $34,587,000 after acquiring an additional 8,210 shares in the last quarter. Hedge funds and other institutional investors own 93.73% of the company’s stock.

Shares of Strayer Education (STRA) traded up $0.89 on Friday, hitting $93.38. 42,091 shares of the company’s stock were exchanged, compared to its average volume of 61,967. Strayer Education has a 1-year low of $71.31 and a 1-year high of $100.72. The firm has a market capitalization of $1,040.00, a PE ratio of 26.68 and a beta of 0.90.

Strayer Education (NASDAQ:STRA) last announced its quarterly earnings results on Monday, October 30th. The health services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). Strayer Education had a net margin of 5.74% and a return on equity of 11.76%. The company had revenue of $108.50 million for the quarter, compared to analyst estimates of $107.54 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. Strayer Education’s revenue was up 6.2% on a year-over-year basis. sell-side analysts anticipate that Strayer Education will post 3.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th 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 Friday, December 1st. Strayer Education’s dividend payout ratio (DPR) is currently 28.57%.

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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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