Granahan Investment Management Inc. MA grew its holdings in Strayer Education Inc (NASDAQ:STRA) by 12.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 214,302 shares of the health services provider’s stock after acquiring an additional 24,302 shares during the quarter. Strayer Education accounts for approximately 1.6% of Granahan Investment Management Inc. MA’s holdings, making the stock its 10th largest holding. Granahan Investment Management Inc. MA owned 2.00% of Strayer Education worth $18,702,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in STRA. Victory Capital Management Inc. lifted its holdings in 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 acquiring an additional 221 shares during the period. Stifel Financial Corp acquired a new position in Strayer Education in the second quarter valued at approximately $202,000. Crossmark Global Holdings Inc. acquired a new position in Strayer Education in the third quarter valued at approximately $203,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Strayer Education in the third quarter valued at approximately $208,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Strayer Education in the second quarter valued at approximately $211,000. 93.73% of the stock is owned by hedge funds and other institutional investors.
Shares of Strayer Education Inc (NASDAQ:STRA) traded up $1.61 during trading on Tuesday, hitting $91.19. The stock had a trading volume of 64,088 shares, compared to its average volume of 64,550. Strayer Education Inc has a twelve month low of $71.31 and a twelve month high of $100.72. The firm has a market cap of $1,020.00, a price-to-earnings ratio of 26.05 and a beta of 0.89.
Strayer Education (NASDAQ:STRA) last announced its quarterly earnings results on Monday, October 30th. The health services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). Strayer Education had a net margin of 8.52% and a return on equity of 17.27%. The business had revenue of $108.50 million during the quarter, compared to analyst estimates of $107.54 million. During the same period last year, the company earned $0.25 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. research analysts forecast that Strayer Education Inc will post 3.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.10%. The ex-dividend date was Friday, December 1st. Strayer Education’s payout ratio is 28.57%.
A number of analysts have recently commented on the company. BMO Capital Markets restated an “outperform” rating and issued a $118.00 price objective (up from $99.00) on shares of Strayer Education in a research report on Tuesday, October 31st. ValuEngine cut Strayer Education from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Piper Jaffray Companies reiterated a “hold” rating and set a $87.00 price target on shares of Strayer Education in a research report on Tuesday, October 17th. Zacks Investment Research cut Strayer Education from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Finally, BidaskClub cut Strayer Education from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Strayer Education currently has an average rating of “Hold” and a consensus price target of $104.75.
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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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