Time to Buy Strayer Education Inc (STRA) After The Completion of This Bullish Multiple Top?

September 17, 2017 - By Hazel Jackson

Investors sentiment increased to 1.07 in 2016 Q4. Its up 0.21, from 0.86 in 2016Q3. It increased, as 11 investors sold Strayer Education Inc shares while 46 reduced holdings. 24 funds opened positions while 37 raised stakes. 9.88 million shares or 0.44% less from 9.93 million shares in 2016Q3 were reported.
Thrivent Financial For Lutherans holds 5,570 shares. Oxford Asset Management holds 40,052 shares or 0.16% of its portfolio. Royal Bank Of Canada has 0% invested in Strayer Education Inc (NASDAQ:STRA). Schwab Charles Investment stated it has 100,735 shares. Eqis Inc holds 0.01% or 2,772 shares in its portfolio. American Interest Gp invested 0% of its portfolio in Strayer Education Inc (NASDAQ:STRA). Legal & General Gp Public Limited Com, United Kingdom-based fund reported 17,201 shares. Metropolitan Life Insurance Ny reported 7,694 shares. Envestnet Asset Mngmt Inc invested in 0% or 4,564 shares. Bnp Paribas Arbitrage Sa holds 0% in Strayer Education Inc (NASDAQ:STRA) or 3,871 shares. The New York-based Mufg Americas Holdings has invested 0% in Strayer Education Inc (NASDAQ:STRA). California Public Employees Retirement System has 0.01% invested in Strayer Education Inc (NASDAQ:STRA). Wellington Management Group Ltd Liability Partnership invested in 27,587 shares. Dimensional Fund Limited Partnership stated it has 435,060 shares. 19,562 are owned by Federated Investors Pa.

Since May 4, 2017, it had 0 insider purchases, and 1 sale for $3.97 million activity. Shares for $3.97 million were sold by MCDONNELL RAYMOND KARL.

The stock of Strayer Education Inc (STRA) shows a multiple tops pattern with $88.13 target or 7.00 % above today’s $82.36 share price. The 7 months chart pattern indicates low risk for the $919.75 million company. It was reported on Sep, 17 by Finviz.com. If the $88.13 price target is reached, the company will be worth $64.38 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.21% or $0.17 on September 15, reaching $82.36. About 98,661 shares traded or 128.42% up from the average. Strayer Education Inc (NASDAQ:STRA) has risen 93.51% since September 17, 2016 and is uptrending. It has outperformed by 76.81% the S&P500.

Wall Street await Strayer Education Inc (NASDAQ:STRA) to release earnings on October, 25. Analysts forecast earnings per share of $0.37, up exactly $0.12 or 48.00 % from 2014’s $0.25 EPS. The expected STRA’s profit could reach $4.13 million giving the stock 55.65 P/E in the case that $0.37 earnings per share is reported. After posting $0.92 EPS for the previous quarter, Strayer Education Inc’s analysts now forecast -59.78 % negative EPS growth.

Strayer Education Inc (NASDAQ:STRA) Ratings Coverage

Among 3 analysts covering Strayer Education Inc. (NASDAQ:STRA), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Strayer Education Inc. had 4 analyst reports since October 29, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, July 20 by Piper Jaffray. The company was initiated on Wednesday, February 3 by Credit Suisse.

More important recent Strayer Education Inc (NASDAQ:STRA) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Nike, Regal Entertainment Group and Strayer Education” on August 29, 2017, also Seekingalpha.com published article titled: “Strayer Education’s (STRA) CEO Karl McDonnell on Q1 2017 Results – Earnings …”, Zacks.com published: “Strayer Education (STRA) Q2 Earnings Beat, Enrollments Up” on July 27, 2017. More interesting news about Strayer Education Inc (NASDAQ:STRA) was released by: Nasdaq.com and their article: “Strayer Education, Inc. (STRA) Ex-Dividend Date Scheduled for August 31, 2017” with publication date: August 30, 2017.

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