24,418 Shares in Strategic Education Inc. $STRA Acquired by Deutsche Bank AG

Deutsche Bank AG bought a new position in Strategic Education Inc. (NASDAQ:STRA - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,418 shares of the health services provider's stock, valued at approximately $1,871,000. Deutsche Bank AG owned 0.11% of Strategic Education at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in STRA. Allworth Financial LP increased its position in Strategic Education by 88.5% during the third quarter. Allworth Financial LP now owns 294 shares of the health services provider's stock valued at $25,000 after acquiring an additional 138 shares during the last quarter. Axiom Investment Management LLC bought a new position in Strategic Education in the first quarter valued at about $25,000. Hantz Financial Services Inc. boosted its position in Strategic Education by 154.2% in the fourth quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider's stock worth $27,000 after purchasing an additional 202 shares during the last quarter. Osaic Holdings Inc. boosted its position in Strategic Education by 85.2% in the second quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider's stock worth $33,000 after purchasing an additional 178 shares during the last quarter. Finally, Sankala Group LLC bought a new stake in shares of Strategic Education during the 4th quarter valued at about $37,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Stock Down 1.1%

NASDAQ STRA opened at $84.64 on Friday. The stock's 50-day moving average price is $80.97 and its 200-day moving average price is $80.07. Strategic Education Inc. has a 52 week low of $69.70 and a 52 week high of $89.73. The company has a market capitalization of $1.88 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 0.79 and a beta of 0.49.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The health services provider reported $1.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.80 by ($0.04). Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. The company had revenue of $321.60 million for the quarter, compared to the consensus estimate of $327.55 million. During the same quarter last year, the firm posted $1.54 earnings per share. The company's revenue was up 4.9% compared to the same quarter last year. Research analysts anticipate that Strategic Education Inc. will post 7.23 EPS for the current year.

Strategic Education Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, September 4th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, September 4th. Strategic Education's dividend payout ratio is presently 40.00%.

Analyst Ratings Changes

STRA has been the topic of several recent research reports. Truist Financial increased their price objective on shares of Strategic Education from $80.00 to $90.00 and gave the stock a "hold" rating in a research note on Thursday, July 30th. Barrington Research set a $105.00 target price on shares of Strategic Education in a report on Wednesday, July 29th. BMO Capital Markets increased their price target on shares of Strategic Education from $86.00 to $91.00 and gave the stock an "outperform" rating in a research report on Monday, July 6th. Wall Street Zen upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Finally, Zacks Research cut shares of Strategic Education from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $95.33.

Insider Activity

In other news, insider Christa Hokenson sold 2,000 shares of the firm's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $80.00, for a total transaction of $160,000.00. Following the sale, the insider directly owned 65,195 shares in the company, valued at $5,215,600. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is currently owned by company insiders.

Strategic Education Profile

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.

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