BidaskClub Lowers Strayer Education (STRA) to Sell

Strayer Education (NASDAQ:STRA) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.

A number of other brokerages also recently commented on STRA. BMO Capital Markets reaffirmed an “outperform” rating and issued a $118.00 price objective (up previously from $99.00) on shares of Strayer Education in a research report on Tuesday, October 31st. Zacks Investment Research raised Strayer Education from a “sell” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $96.00 price objective on shares of Strayer Education in a research report on Monday, December 4th. Finally, ValuEngine downgraded Strayer Education from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Strayer Education presently has an average rating of “Hold” and an average price target of $102.25.

Strayer Education (STRA) traded up $0.90 during trading on Friday, reaching $93.08. The company’s stock had a trading volume of 85,587 shares, compared to its average volume of 53,088. The stock has a market capitalization of $1,039.42, a P/E ratio of 26.59 and a beta of 0.90. Strayer Education has a one year low of $71.31 and a one year high of $100.72.

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

Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in shares of Strayer Education by 15.1% in the second quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock valued at $157,000 after purchasing an additional 221 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Strayer Education by 0.9% in the second quarter. TIAA CREF Investment Management LLC now owns 28,454 shares of the health services provider’s stock valued at $2,652,000 after purchasing an additional 255 shares during the period. Ameriprise Financial Inc. grew its position in shares of Strayer Education by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 54,986 shares of the health services provider’s stock valued at $5,126,000 after purchasing an additional 385 shares during the period. Thrivent Financial For Lutherans boosted its holdings in Strayer Education by 8.0% in the second quarter. Thrivent Financial For Lutherans now owns 6,310 shares of the health services provider’s stock valued at $588,000 after acquiring an additional 470 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Strayer Education by 0.7% in the second quarter. Principal Financial Group Inc. now owns 79,948 shares of the health services provider’s stock valued at $7,453,000 after acquiring an additional 534 shares during the last quarter. 93.73% 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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