Goodnow Investment Group LLC Raises Stake in Strayer Education Inc (STRA)
Goodnow Investment Group LLC lifted its position in Strayer Education Inc (NASDAQ:STRA) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 396,321 shares of the health services provider’s stock after buying an additional 8,210 shares during the quarter. Strayer Education comprises approximately 7.1% of Goodnow Investment Group LLC’s holdings, making the stock its 6th biggest position. Goodnow Investment Group LLC owned approximately 3.70% of Strayer Education worth $34,587,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake 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 buying an additional 221 shares in the last quarter. Stifel Financial Corp acquired a new stake in Strayer Education during the 2nd quarter valued at $202,000. Piedmont Investment Advisors LLC acquired a new stake in Strayer Education during the 2nd quarter valued at $211,000. M&T Bank Corp acquired a new stake in Strayer Education during the 2nd quarter valued at $212,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Strayer Education during the 3rd quarter valued at $203,000. 97.76% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on STRA. BidaskClub downgraded Strayer Education from a “buy” rating to a “hold” rating in a report on Tuesday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $96.00 price target on shares of Strayer Education in a report on Monday. ValuEngine downgraded Strayer Education from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research downgraded Strayer Education from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $118.00 price target (up previously from $99.00) on shares of Strayer Education in a report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $104.75.
Shares of Strayer Education Inc (NASDAQ:STRA) opened at $95.52 on Thursday. Strayer Education Inc has a twelve month low of $71.31 and a twelve month high of $100.72. The firm has a market capitalization of $1,016.28, a price-to-earnings ratio of 30.05 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 firm had revenue of $108.50 million for the quarter, compared to analyst estimates of $107.54 million. During the same period in the prior year, the business posted $0.25 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. equities research analysts anticipate that Strayer Education Inc will post 3.35 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, December 1st. Strayer Education’s dividend payout ratio (DPR) is presently 28.57%.
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Strayer Education Profile
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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