Balyasny Asset Management L.P. Makes New $1.08 Million Investment in Strategic Education, Inc. (NASDAQ:STRA)

Balyasny Asset Management L.P. acquired a new stake in Strategic Education, Inc. (NASDAQ:STRA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,563 shares of the health services provider's stock, valued at approximately $1,080,000.

Several other large investors also recently added to or reduced their stakes in STRA. Vanguard Group Inc. lifted its position in shares of Strategic Education by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 2,793,685 shares of the health services provider's stock worth $260,986,000 after purchasing an additional 45,421 shares during the period. Marshfield Associates increased its stake in shares of Strategic Education by 0.4% in the fourth quarter. Marshfield Associates now owns 1,836,491 shares of the health services provider's stock worth $171,565,000 after acquiring an additional 6,869 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Strategic Education by 12.9% in 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 acquiring an additional 70,743 shares during the period. Envestnet Asset Management Inc. grew its position in Strategic Education by 4.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 397,265 shares of the health services provider's stock valued at $37,113,000 after buying an additional 15,638 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Strategic Education by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 324,676 shares of the health services provider's stock valued at $30,331,000 after buying an additional 10,949 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Strategic Education

In related news, Director Robert R. Grusky sold 1,494 shares of Strategic Education stock in a transaction on Friday, April 25th. The shares were sold at an average price of $80.27, for a total value of $119,923.38. Following the completion of the sale, the director now owns 11,349 shares in the company, valued at approximately $910,984.23. The trade was a 11.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Mcrobbie acquired 600 shares of the firm's stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $81.80 per share, with a total value of $49,080.00. Following the acquisition, the director now owns 6,135 shares of the company's stock, valued at $501,843. This trade 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 have sold 40,826 shares of company stock worth $3,945,093. Company insiders own 3.30% of the company's stock.

Strategic Education Stock Performance

STRA traded up $1.60 during trading on Friday, hitting $90.29. The stock had a trading volume of 163,211 shares, compared to its average volume of 155,866. The firm has a market capitalization of $2.18 billion, a P/E ratio of 17.20, a PEG ratio of 1.22 and a beta of 0.52. The company's 50-day moving average price is $82.48 and its 200 day moving average price is $90.95. Strategic Education, Inc. has a twelve month low of $74.28 and a twelve month high of $121.60.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.29. The firm had revenue of $303.59 million for the quarter, compared to analysts' expectations 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 period in the prior year, the company earned $1.11 EPS. As a group, equities analysts expect 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. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 2.66%. Strategic Education's payout ratio is currently 51.28%.

Wall Street Analyst Weigh In

Several research firms recently commented on STRA. StockNews.com upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Truist Financial set a $105.00 price target on shares of Strategic Education in a research note on Thursday, April 24th. BMO Capital Markets lifted their target price on shares of Strategic Education from $97.00 to $98.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Barrington Research reiterated an "outperform" rating and set a $120.00 price target on shares of Strategic Education in a research report on Tuesday, April 15th.

Strategic Education Company Profile

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.