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 shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 the business. Vanguard Group Inc. boosted its stake in Strategic Education by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 2,793,685 shares of the health services provider's stock valued at $260,986,000 after buying an additional 45,421 shares during the period. Marshfield Associates boosted its stake in Strategic Education by 0.4% during the fourth quarter. Marshfield Associates now owns 1,836,491 shares of the health services provider's stock valued at $171,565,000 after buying an additional 6,869 shares during the period. 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 valued at $57,760,000 after buying an additional 70,743 shares during the period. Envestnet Asset Management Inc. boosted its stake 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. boosted its stake 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. Institutional investors own 93.27% of the company's stock.

Insider Transactions at Strategic Education

In other news, General Counsel Lizette Benedi Herraiz sold 1,452 shares of Strategic Education stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $82.21, for a total value of $119,368.92. Following the transaction, the general counsel now owns 61,716 shares in the company, valued at approximately $5,073,672.36. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel Wayne Jackson sold 6,025 shares of Strategic Education stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $589,425.75. Following the completion of the transaction, the chief financial officer now owns 81,756 shares in the company, valued at approximately $7,998,189.48. This represents a 6.86% decrease in their position. The disclosure for this sale 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.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com raised Strategic Education from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Truist Financial set a $105.00 price objective on Strategic Education in a research note on Thursday, April 24th. BMO Capital Markets lifted their price target on 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 reaffirmed an "outperform" rating and set a $120.00 price target on shares of Strategic Education in a research note on Tuesday, April 15th.

Strategic Education Price Performance

STRA stock traded up $0.29 during mid-day trading on Monday, hitting $90.58. 126,105 shares of the stock were exchanged, compared to its average volume of 155,798. The business has a fifty day moving average price of $82.69 and a 200 day moving average price of $91.03. Strategic Education, Inc. has a 12 month low of $74.28 and a 12 month high of $121.60. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.22 and a beta of 0.52.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The health services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.29. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm had revenue of $303.59 million during the quarter, compared to analyst estimates of $300.67 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company's revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

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 $0.60 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 2.65%. Strategic Education's dividend payout ratio 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.