Piper Jaffray Companies Reiterates Hold Rating for Strayer Education (STRA)

Strayer Education (NASDAQ:STRA)‘s stock had its “hold” rating restated by Piper Jaffray Companies in a research note issued to investors on Monday. They currently have a $96.00 price target on the health services provider’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 1.08% from the company’s previous close.

STRA has been the topic of several other research reports. 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 “buy” rating to a “hold” rating in a report on Friday, October 6th. Finally, BMO Capital Markets restated 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $104.75.

Shares of Strayer Education (NASDAQ STRA) opened at $94.97 on Monday. The stock has a market capitalization of $1,017.03, a price-to-earnings ratio of 30.08 and a beta of 0.89. Strayer Education has a 1-year low of $71.31 and a 1-year high of $100.72.

Strayer Education (NASDAQ:STRA) last issued its quarterly earnings results on Monday, October 30th. The health services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $108.50 million for the quarter, compared to analysts’ expectations of $107.54 million. During the same quarter last year, the company earned $0.25 EPS. Strayer Education’s revenue for the quarter was up 6.2% compared to the same quarter last year. analysts expect that Strayer Education will post 3.35 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of STRA. Burgundy Asset Management Ltd. boosted its position in shares of 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 in the last quarter. GSA Capital Partners LLP boosted its position in shares of 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 in the last quarter. Granahan Investment Management Inc. MA boosted its position in shares of 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 in the last quarter. First Republic Investment Management Inc. acquired a new position in shares of Strayer Education during the 3rd quarter worth about $283,000. Finally, Goodnow Investment Group LLC boosted its position in shares of Strayer Education by 2.1% during the 3rd quarter. Goodnow Investment Group LLC now owns 396,321 shares of the health services provider’s stock worth $34,587,000 after acquiring an additional 8,210 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

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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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