14,532 Shares in Strategic Education Inc. (NASDAQ:STRA) Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new position in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,532 shares of the health services provider's stock, valued at approximately $1,220,000. Mackenzie Financial Corp owned approximately 0.06% of Strategic Education as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its position in Strategic Education by 809.1% during the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock worth $65,000 after acquiring an additional 623 shares in the last quarter. Covestor Ltd lifted its position in Strategic Education by 44.0% during the 4th quarter. Covestor Ltd now owns 1,431 shares of the health services provider's stock worth $134,000 after acquiring an additional 437 shares in the last quarter. Significant Wealth Partners LLC lifted its position in Strategic Education by 17.3% during the 1st quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider's stock worth $226,000 after acquiring an additional 396 shares in the last quarter. NBC Securities Inc. raised its position in shares of Strategic Education by 105,000.0% in the 1st quarter. NBC Securities Inc. now owns 3,153 shares of the health services provider's stock valued at $264,000 after purchasing an additional 3,150 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Strategic Education by 36.7% in the 1st quarter. International Assets Investment Management LLC now owns 3,251 shares of the health services provider's stock valued at $273,000 after purchasing an additional 872 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STRA has been the topic of a number of recent analyst reports. Wall Street Zen lowered Strategic Education from a "buy" rating to a "hold" rating in a research report on Saturday. Truist Financial set a $105.00 target price on Strategic Education in a research report on Thursday, April 24th. Barrington Research reaffirmed an "outperform" rating and issued a $105.00 target price on shares of Strategic Education in a research report on Wednesday, July 30th. Finally, BMO Capital Markets cut their target price on Strategic Education from $98.00 to $88.00 and set an "outperform" rating on the stock in a research report on Friday.

Strategic Education Trading Down 1.3%

Shares of NASDAQ STRA opened at $73.87 on Tuesday. Strategic Education Inc. has a twelve month low of $72.25 and a twelve month high of $104.51. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 0.88 and a beta of 0.58. The business has a 50 day simple moving average of $83.16 and a 200-day simple moving average of $86.25.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The health services provider reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.10. The firm had revenue of $321.47 million during the quarter, compared to the consensus estimate of $322.84 million. Strategic Education had a return on equity of 7.52% and a net margin of 9.27%. The firm's revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.33 EPS. As a group, equities analysts predict that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, September 5th. Strategic Education's dividend payout ratio is presently 49.90%.

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.

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