Quaker Capital Investments LLC lowered its position in Strayer Education, Inc. (NASDAQ:STRA) by 66.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 38,325 shares of the health services provider’s stock after selling 74,933 shares during the period. Strayer Education makes up about 1.0% of Quaker Capital Investments LLC’s investment portfolio, making the stock its 16th largest position. Quaker Capital Investments LLC owned approximately 0.36% of Strayer Education worth $3,085,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in shares of Strayer Education during the fourth quarter worth about $2,927,000. Comerica Bank increased its position in Strayer Education by 5.8% in the fourth quarter. Comerica Bank now owns 11,097 shares of the health services provider’s stock valued at $893,000 after buying an additional 607 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Strayer Education by 3.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,570 shares of the health services provider’s stock valued at $449,000 after buying an additional 190 shares during the last quarter. State Street Corp increased its position in Strayer Education by 7.1% in the fourth quarter. State Street Corp now owns 229,473 shares of the health services provider’s stock valued at $18,502,000 after buying an additional 15,179 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Strayer Education by 19.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,564 shares of the health services provider’s stock valued at $368,000 after buying an additional 740 shares during the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.
Strayer Education, Inc. (STRA) traded down 0.04% on Tuesday, hitting $92.98. The stock had a trading volume of 16,285 shares. The firm has a market cap of $989.68 million, a PE ratio of 30.82 and a beta of 1.04. Strayer Education, Inc. has a 52-week low of $43.50 and a 52-week high of $95.74. The company has a 50-day moving average price of $90.39 and a 200 day moving average price of $82.87.
Strayer Education (NASDAQ:STRA) last released its quarterly earnings results on Wednesday, May 3rd. The health services provider reported $0.95 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. Strayer Education had a net margin of 7.41% and a return on equity of 17.27%. The firm had revenue of $114.90 million for the quarter, compared to the consensus estimate of $116.44 million. During the same quarter in the previous year, the firm posted $1.06 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts forecast that Strayer Education, Inc. will post $3.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 19th. Investors of record on Monday, June 5th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, June 1st. Strayer Education’s dividend payout ratio (DPR) is 33.22%.
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Several research analysts have commented on STRA shares. BMO Capital Markets restated a “buy” rating and issued a $100.00 target price on shares of Strayer Education in a research note on Thursday, May 4th. First Analysis lifted their price target on Strayer Education from $76.00 to $95.00 and gave the company an “equal weight” rating in a research report on Monday, May 15th. Finally, Zacks Investment Research cut Strayer Education from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $82.67.
In related news, CEO Raymond Karl Mcdonnell sold 43,659 shares of Strayer Education stock in a transaction on Monday, May 8th. The shares were sold at an average price of $90.93, for a total transaction of $3,969,912.87. Following the sale, the chief executive officer now owns 193,764 shares of the company’s stock, valued at approximately $17,618,960.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.70% of the company’s stock.
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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