Strategic Education, Inc. (NASDAQ:STRA) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC grew its position in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,974 shares of the health services provider's stock after purchasing an additional 4,601 shares during the quarter. AQR Capital Management LLC owned approximately 0.41% of Strategic Education worth $9,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in Strategic Education by 76.7% in the third quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider's stock worth $36,941,000 after acquiring an additional 173,225 shares in the last quarter. Norges Bank bought a new position in shares of Strategic Education during the 4th quarter valued at approximately $15,715,000. Arrowstreet Capital Limited Partnership increased its position in shares of Strategic Education by 207.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,141 shares of the health services provider's stock valued at $16,362,000 after purchasing an additional 118,151 shares during the last quarter. Barclays PLC lifted its position in Strategic Education by 202.3% in the fourth quarter. Barclays PLC now owns 114,765 shares of the health services provider's stock worth $10,720,000 after buying an additional 76,804 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake in Strategic Education by 12.9% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,286 shares of the health services provider's stock worth $57,760,000 after buying an additional 70,743 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Analyst Ratings Changes

STRA has been the subject of a number of research analyst reports. Truist Financial set a $105.00 price target on Strategic Education in a research note on Thursday, April 24th. BMO Capital Markets raised their target price on shares of Strategic Education from $97.00 to $98.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. StockNews.com upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Finally, Barrington Research restated an "outperform" rating and set a $120.00 price objective on shares of Strategic Education in a research note on Tuesday, April 15th.

Insider Activity at Strategic Education

In related news, Director Robert R. Grusky sold 1,494 shares of the business's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $80.27, for a total transaction of $119,923.38. Following the completion of the transaction, the director now directly owns 11,349 shares of the company's stock, valued at $910,984.23. The trade was a 11.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael A. Mcrobbie purchased 600 shares of Strategic Education stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $81.80 per share, for a total transaction of $49,080.00. Following the transaction, the director now directly owns 6,135 shares in the company, valued at $501,843. This represents a 10.84% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 40,826 shares of company stock valued at $3,945,093. 3.30% of the stock is owned by company insiders.

Strategic Education Trading Down 0.1%

NASDAQ STRA traded down $0.06 on Monday, hitting $89.21. 23,813 shares of the company's stock traded hands, compared to its average volume of 154,069. The firm's 50-day moving average price is $81.79 and its two-hundred day moving average price is $90.93. The firm has a market capitalization of $2.16 billion, a PE ratio of 17.04, a P/E/G ratio of 1.22 and a beta of 0.52. Strategic Education, Inc. has a 1-year low of $74.28 and a 1-year high of $121.68.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.01 by $0.29. The company had revenue of $303.59 million for the quarter, compared to analyst estimates of $300.67 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.11 earnings per share. On average, research analysts anticipate that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Friday, May 23rd. Strategic Education's dividend payout ratio (DPR) is currently 51.28%.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.