BidaskClub Downgrades Strayer Education (STRA) to Sell

Strayer Education (NASDAQ:STRA) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

Other equities analysts have also issued reports about the company. BMO Capital Markets reiterated an “outperform” rating and set a $118.00 price objective (up from $99.00) on shares of Strayer Education in a research report on Tuesday, October 31st. ValuEngine lowered 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 objective on shares of Strayer Education in a research report on Tuesday, October 17th. Finally, Zacks Investment Research lowered Strayer Education from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $102.25.

Strayer Education (NASDAQ STRA) opened at $93.08 on Friday. The firm has a market capitalization of $1,039.42, a PE ratio of 26.59 and a beta of 0.90. Strayer Education has a one year low of $71.31 and a one year high of $100.72.

Strayer Education (NASDAQ:STRA) last announced its earnings results on Monday, October 30th. The health services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The business had revenue of $108.50 million during the quarter, compared to the consensus estimate of $107.54 million. Strayer Education had a return on equity of 17.27% and a net margin of 8.52%. Strayer Education’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. equities analysts forecast that Strayer Education will post 3.35 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in Strayer Education during the 4th quarter worth approximately $190,000. Burgundy Asset Management Ltd. grew its position in Strayer Education by 3.6% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 342,996 shares of the health services provider’s stock worth $29,933,000 after acquiring an additional 11,999 shares during the last quarter. GSA Capital Partners LLP grew its position in Strayer Education by 23.2% during the 3rd quarter. GSA Capital Partners LLP now owns 6,240 shares of the health services provider’s stock worth $545,000 after acquiring an additional 1,175 shares during the last quarter. Granahan Investment Management Inc. MA grew its position in Strayer Education by 12.8% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 214,302 shares of the health services provider’s stock worth $18,702,000 after acquiring an additional 24,302 shares during the last quarter. Finally, First Republic Investment Management Inc. bought a new position in Strayer Education during the 3rd quarter worth approximately $283,000. Hedge funds and other institutional investors own 93.73% of the company’s stock.

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Strayer Education Company 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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