Strayer Education (STRA) Downgraded to Hold at BidaskClub

BidaskClub downgraded shares of Strayer Education (NASDAQ:STRA) from a buy rating to a hold rating in a report released on Tuesday morning.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Strayer Education from a buy rating to a hold rating in a report on Friday, October 6th. Piper Jaffray Companies restated a hold rating and issued a $91.00 target price on shares of Strayer Education in a report on Wednesday, November 1st. BMO Capital Markets restated an outperform rating and issued a $118.00 target price (up previously from $99.00) on shares of Strayer Education in a report on Tuesday, October 31st. Finally, ValuEngine lowered shares of Strayer Education from a buy rating to a hold rating in a report on Friday, December 1st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Strayer Education has an average rating of Hold and a consensus target price of $104.75.

Shares of Strayer Education (NASDAQ:STRA) opened at $94.97 on Tuesday. Strayer Education has a fifty-two week low of $71.31 and a fifty-two week high of $100.72. The firm has a market cap of $1,017.03, a PE ratio of 30.08 and a beta of 0.89.

Strayer Education (NASDAQ:STRA) last posted its 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). Strayer Education had a return on equity of 17.27% and a net margin of 8.52%. The business had revenue of $108.50 million during the quarter, compared to analyst estimates of $107.54 million. During the same quarter in the prior year, the company earned $0.25 EPS. The company’s revenue was up 6.2% on a year-over-year basis. equities research analysts forecast that Strayer Education will post 3.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be issued a $0.25 dividend. The ex-dividend date is Friday, December 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. Strayer Education’s dividend payout ratio is presently 28.57%.

A number of large investors have recently bought and sold shares of STRA. TimesSquare Capital Management LLC purchased a new stake in Strayer Education in the 2nd quarter valued at about $21,483,000. Chartwell Investment Partners LLC purchased a new stake in Strayer Education in the 3rd quarter valued at about $4,138,000. Rice Hall James & Associates LLC increased its stake in Strayer Education by 59.2% in the 2nd quarter. Rice Hall James & Associates LLC now owns 118,484 shares of the health services provider’s stock valued at $11,045,000 after buying an additional 44,073 shares during the last quarter. Vanguard Group Inc. increased its stake in Strayer Education by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,143,120 shares of the health services provider’s stock valued at $106,562,000 after buying an additional 35,328 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Strayer Education in the 2nd quarter valued at about $2,424,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.

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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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