Mackenzie Financial Corp Invests $1.22 Million in Strategic Education Inc. (NASDAQ:STRA)

Mackenzie Financial Corp bought a new stake in Strategic Education Inc. (NASDAQ:STRA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of STRA. Sterling Capital Management LLC grew its stake in Strategic Education by 809.1% in the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock valued at $65,000 after purchasing an additional 623 shares during the period. Covestor Ltd boosted its holdings in shares of Strategic Education by 44.0% in the 4th quarter. Covestor Ltd now owns 1,431 shares of the health services provider's stock worth $134,000 after buying an additional 437 shares during the last quarter. Significant Wealth Partners LLC grew its position in Strategic Education by 17.3% during the first quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider's stock valued at $226,000 after buying an additional 396 shares during the period. NBC Securities Inc. grew its position in Strategic Education by 105,000.0% during the first quarter. NBC Securities Inc. now owns 3,153 shares of the health services provider's stock valued at $264,000 after buying an additional 3,150 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Strategic Education by 36.7% during the first quarter. International Assets Investment Management LLC now owns 3,251 shares of the health services provider's stock worth $273,000 after buying an additional 872 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Price Performance

Shares of STRA traded up $0.59 during trading hours on Friday, hitting $77.78. The company's stock had a trading volume of 75,358 shares, compared to its average volume of 174,734. The business has a 50 day simple moving average of $82.37 and a two-hundred day simple moving average of $85.98. Strategic Education Inc. has a 52-week low of $72.25 and a 52-week high of $104.51. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 0.92 and a beta of 0.58.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The health services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. Strategic Education had a net margin of 9.27% and a return on equity of 7.52%. The company had revenue of $321.47 million during the quarter, compared to the consensus estimate of $322.84 million. During the same period last year, the firm earned $1.33 EPS. Strategic Education's revenue for the quarter was up 2.9% on a year-over-year basis. Research 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be given a $0.60 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. Strategic Education's payout ratio is 49.90%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on STRA shares. BMO Capital Markets dropped their target price on shares of Strategic Education from $98.00 to $88.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Wall Street Zen cut shares of Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Truist Financial set a $105.00 price objective on Strategic Education in a report on Thursday, April 24th. Finally, Barrington Research restated an "outperform" rating and issued a $105.00 target price on shares of Strategic Education in a research note on Wednesday, July 30th.

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.