Marshfield Associates cut its holdings in Strayer Education, Inc. (NASDAQ:STRA) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 556,904 shares of the health services provider’s stock after selling 13,564 shares during the quarter. Strayer Education makes up approximately 3.9% of Marshfield Associates’ holdings, making the stock its 14th largest holding. Marshfield Associates owned about 5.20% of Strayer Education worth $51,915,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Piedmont Investment Advisors LLC bought a new stake in shares of Strayer Education in the second quarter worth about $211,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Strayer Education by 8.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 15,884 shares of the health services provider’s stock worth $1,481,000 after purchasing an additional 1,200 shares during the last quarter. State Street Corp grew its stake in shares of Strayer Education by 4.3% in the second quarter. State Street Corp now owns 256,274 shares of the health services provider’s stock worth $23,892,000 after purchasing an additional 10,450 shares during the last quarter. Capital World Investors grew its stake in shares of Strayer Education by 0.4% in the second quarter. Capital World Investors now owns 724,200 shares of the health services provider’s stock worth $67,510,000 after purchasing an additional 3,095 shares during the last quarter. Finally, AHL Partners LLP bought a new stake in shares of Strayer Education in the second quarter worth about $698,000. 93.04% of the stock is currently owned by institutional investors.
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Strayer Education, Inc. (STRA) traded up 0.7491% during mid-day trading on Friday, reaching $88.8305. The company’s stock had a trading volume of 3,412 shares. Strayer Education, Inc. has a one year low of $45.07 and a one year high of $95.74. The firm’s 50 day moving average is $83.32 and its 200-day moving average is $85.62. The stock has a market cap of $950.58 million, a P/E ratio of 27.5957 and a beta of 0.95.
Strayer Education (NASDAQ:STRA) last issued its earnings results on Wednesday, July 26th. The health services provider reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. The business had revenue of $112.70 million for the quarter, compared to the consensus estimate of $113.68 million. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. Equities analysts expect that Strayer Education, Inc. will post $3.33 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th were paid a $0.25 dividend. The ex-dividend date was Friday, September 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. Strayer Education’s dividend payout ratio is currently 31.15%.
STRA has been the topic of several recent analyst reports. BidaskClub cut Strayer Education from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Piper Jaffray Companies reissued a “hold” rating on shares of Strayer Education in a research note on Friday, July 21st. Zacks Investment Research raised Strayer Education from a “sell” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Tuesday, September 26th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $100.00 target price on shares of Strayer Education in a research note on Thursday, July 20th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $94.00.
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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