Los Angeles Capital Management & Equity Research Inc. Acquires Shares of 2,389 Strayer Education, Inc. (STRA)

Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Strayer Education, Inc. (NASDAQ:STRA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,389 shares of the health services provider’s stock, valued at approximately $208,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Strayer Education by 3.2% during the second quarter. Vanguard Group Inc. now owns 1,143,120 shares of the health services provider’s stock worth $106,562,000 after purchasing an additional 35,328 shares during the period. Capital World Investors boosted its position in Strayer Education by 0.4% during 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 period. FMR LLC boosted its position in Strayer Education by 3.3% during the second quarter. FMR LLC now owns 527,600 shares of the health services provider’s stock worth $49,183,000 after purchasing an additional 16,693 shares during the period. Dimensional Fund Advisors LP boosted its position in Strayer Education by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 441,117 shares of the health services provider’s stock worth $41,121,000 after purchasing an additional 2,295 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Strayer Education by 3.6% during the second quarter. Renaissance Technologies LLC now owns 332,900 shares of the health services provider’s stock worth $31,033,000 after purchasing an additional 11,600 shares during the period. 97.76% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on STRA shares. Zacks Investment Research cut shares of Strayer Education from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $91.00 price objective on shares of Strayer Education in a research report on Wednesday, November 1st. BMO Capital Markets reissued an “outperform” rating and issued a $118.00 target price (up previously from $99.00) on shares of Strayer Education in a research report on Tuesday, October 31st. ValuEngine cut shares of Strayer Education from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub cut shares of Strayer Education from a “buy” rating to a “hold” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Strayer Education presently has a consensus rating of “Hold” and a consensus price target of $104.75.

Shares of Strayer Education, Inc. (NASDAQ STRA) opened at $94.97 on Wednesday. The stock has a market cap of $1,017.03, a PE ratio of 30.08 and a beta of 0.89. Strayer Education, Inc. has a 52-week low of $71.31 and a 52-week 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 (EPS) for the quarter, missing the Zacks’ consensus estimate 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 net margin of 8.52% and a return on equity of 17.27%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. equities analysts anticipate that Strayer Education, Inc. will post 3.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be given a $0.25 dividend. The ex-dividend date is Friday, December 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. Strayer Education’s payout ratio is presently 28.57%.

COPYRIGHT VIOLATION NOTICE: “Los Angeles Capital Management & Equity Research Inc. Acquires Shares of 2,389 Strayer Education, Inc. (STRA)” was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://www.chaffeybreeze.com/2017/12/06/los-angeles-capital-management-equity-research-inc-acquires-shares-of-2389-strayer-education-inc-stra.html.

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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Institutional Ownership by Quarter for Strayer Education (NASDAQ:STRA)

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