Strayer Education (STRA) Upgraded to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Strayer Education (NASDAQ:STRA) from a buy rating to a strong-buy rating in a report issued on Wednesday.

Several other brokerages have also recently weighed in on STRA. ValuEngine raised shares of Strayer Education from a hold rating to a buy rating in a research report on Thursday, March 1st. BMO Capital Markets dropped their price target on shares of Strayer Education from $112.00 to $95.00 and set an outperform rating for the company in a research report on Monday, March 5th. Zacks Investment Research raised shares of Strayer Education from a hold rating to a buy rating and set a $100.00 price target for the company in a research report on Friday, January 5th. First Analysis raised shares of Strayer Education from an equal weight rating to an overweight rating and increased their price target for the company from $105.00 to $112.00 in a research report on Sunday, March 4th. Finally, TheStreet cut shares of Strayer Education from a b rating to a c+ rating in a research report on Tuesday, March 13th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Strayer Education has a consensus rating of Buy and a consensus price target of $103.75.

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Shares of STRA opened at $108.45 on Wednesday. The firm has a market cap of $1,208.65, a price-to-earnings ratio of 32.81, a PEG ratio of 2.74 and a beta of 0.84. Strayer Education has a twelve month low of $76.40 and a twelve month high of $109.82.

Strayer Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, March 1st. The health services provider reported $1.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.20). The firm had revenue of $118.70 million for the quarter, compared to analysts’ expectations of $121.50 million. Strayer Education had a net margin of 4.53% and a return on equity of 17.75%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 EPS. equities research analysts expect that Strayer Education will post 3.96 earnings per share for the current fiscal year.

In related news, insider Brian W. Jones sold 8,743 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $91.24, for a total value of $797,711.32. Following the completion of the transaction, the insider now directly owns 40,325 shares in the company, valued at approximately $3,679,253. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas J. Aprahamian sold 2,964 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $91.11, for a total transaction of $270,050.04. Following the completion of the transaction, the chief accounting officer now owns 13,980 shares of the company’s stock, valued at $1,273,717.80. The disclosure for this sale can be found here. Insiders sold a total of 34,043 shares of company stock valued at $3,181,155 over the last 90 days. Company insiders own 6.70% of the company’s stock.

Several institutional investors have recently modified their holdings of STRA. Acadian Asset Management LLC bought a new position in shares of Strayer Education in the 4th quarter worth about $190,000. US Bancorp DE increased its stake in shares of Strayer Education by 40.2% in the 4th quarter. US Bancorp DE now owns 2,248 shares of the health services provider’s stock worth $201,000 after acquiring an additional 645 shares in the last quarter. HBK Investments L P bought a new position in shares of Strayer Education in the 4th quarter worth about $278,000. Teacher Retirement System of Texas bought a new position in shares of Strayer Education in the 4th quarter worth about $324,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Strayer Education by 66.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,331 shares of the health services provider’s stock worth $378,000 after acquiring an additional 1,723 shares in the last quarter. Institutional investors own 98.15% of the company’s stock.

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Strayer Education Company Profile

Strayer Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.

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