Strayer Education Inc (STRA) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC lifted its holdings in shares of Strayer Education Inc (NASDAQ:STRA) by 10,199.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 822,385 shares of the health services provider’s stock after purchasing an additional 814,400 shares during the quarter. Summit Trail Advisors LLC owned 7.28% of Strayer Education worth $822,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers raised its position in shares of Strayer Education by 2.4% during the first quarter. Rhumbline Advisers now owns 24,928 shares of the health services provider’s stock worth $2,519,000 after purchasing an additional 577 shares during the period. Victory Capital Management Inc. raised its position in shares of Strayer Education by 26.6% during the first quarter. Victory Capital Management Inc. now owns 3,011 shares of the health services provider’s stock worth $304,000 after purchasing an additional 632 shares during the period. First Republic Investment Management Inc. raised its position in shares of Strayer Education by 17.6% during the first quarter. First Republic Investment Management Inc. now owns 4,248 shares of the health services provider’s stock worth $429,000 after purchasing an additional 635 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Strayer Education by 4.7% during the first quarter. Great West Life Assurance Co. Can now owns 14,194 shares of the health services provider’s stock worth $1,432,000 after purchasing an additional 635 shares during the period. Finally, US Bancorp DE raised its position in shares of Strayer Education by 40.2% during the fourth quarter. US Bancorp DE now owns 2,248 shares of the health services provider’s stock worth $201,000 after purchasing an additional 645 shares during the period. 98.07% of the stock is currently owned by institutional investors.

Strayer Education opened at $115.59 on Thursday, MarketBeat Ratings reports. The stock has a market cap of $1.28 billion, a P/E ratio of 37.17, a PEG ratio of 2.78 and a beta of 0.82. Strayer Education Inc has a 52-week low of $76.40 and a 52-week high of $115.73.

Strayer Education (NASDAQ:STRA) last released its quarterly earnings results on Wednesday, May 2nd. The health services provider reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.08. The company had revenue of $116.50 million for the quarter, compared to analyst estimates of $116.16 million. Strayer Education had a return on equity of 18.90% and a net margin of 4.27%. Strayer Education’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 earnings per share. analysts anticipate that Strayer Education Inc will post 4.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Monday, June 4th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.87%. Strayer Education’s payout ratio is presently 32.15%.

STRA has been the subject of a number of research reports. First Analysis upgraded Strayer Education from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $105.00 to $112.00 in a report on Sunday, March 4th. BidaskClub downgraded Strayer Education from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 28th. Piper Jaffray Companies upgraded Strayer Education from a “neutral” rating to an “overweight” rating in a report on Monday, March 5th. ValuEngine upgraded Strayer Education from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, TheStreet downgraded Strayer Education from a “b” rating to a “c+” rating in a report on Tuesday, March 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $112.25.

In related news, Director William E. Brock sold 4,100 shares of the stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $109.91, for a total transaction of $450,631.00. Following the completion of the transaction, the director now directly owns 4,739 shares in the company, valued at $520,863.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian W. Jones sold 3,600 shares of the stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $103.74, for a total value of $373,464.00. Following the transaction, the insider now owns 28,510 shares of the company’s stock, valued at $2,957,627.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,612 shares of company stock valued at $7,268,139. 6.70% of the stock is owned by corporate insiders.

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.

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

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