375,137 Shares in Strategic Education Inc. $STRA Acquired by Nuveen LLC

Key Points

• Nuveen LLC has purchased 375,137 shares of Strategic Education Inc. for approximately $31.5 million, representing about 1.55% of the company's stock.
• A number of institutional investors have increased their stakes in Strategic Education, with Barclays PLC boosting its holdings by 202.3% and Teacher Retirement System of Texas raising theirs by 229.3%.
• Strategic Education recently announced a quarterly dividend of $0.60 per share, which translates to an annual yield of 3.1%.

Nuveen LLC bought a new stake in Strategic Education Inc. (NASDAQ:STRA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 375,137 shares of the health services provider's stock, valued at approximately $31,497,000. Nuveen LLC owned approximately 1.55% of Strategic Education as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Strategic Education by 2.6% in the first quarter. Principal Financial Group Inc. now owns 127,684 shares of the health services provider's stock valued at $10,720,000 after purchasing an additional 3,256 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Strategic Education by 6.6% during the first quarter. Envestnet Asset Management Inc. now owns 423,549 shares of the health services provider's stock worth $35,561,000 after buying an additional 26,284 shares during the period. SG Americas Securities LLC purchased a new position in Strategic Education during the first quarter worth $727,000. Wealth Enhancement Advisory Services LLC purchased a new position in Strategic Education during the fourth quarter worth $821,000. Finally, NBC Securities Inc. boosted its stake 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 worth $264,000 after buying an additional 3,150 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barrington Research reaffirmed an "outperform" rating and set a $105.00 price objective on shares of Strategic Education in a research note on Wednesday, July 30th. Wall Street Zen lowered shares of Strategic Education from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Truist Financial set a $105.00 target price on shares of Strategic Education in a research note on Thursday, April 24th. Finally, BMO Capital Markets lowered their target price on shares of Strategic Education from $98.00 to $88.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Strategic Education currently has an average rating of "Buy" and an average target price of $99.33.

Strategic Education Stock Up 1.9%

NASDAQ:STRA traded up $1.56 during mid-day trading on Friday, reaching $82.08. The company's stock had a trading volume of 14,638 shares, compared to its average volume of 171,410. Strategic Education Inc. has a 1 year low of $72.25 and a 1 year high of $104.51. The stock has a fifty day moving average of $80.41 and a 200-day moving average of $84.66. The firm has a market capitalization of $1.96 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 0.93 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 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $322.84 million. During the same period in the prior year, the firm earned $1.33 earnings per share. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The firm 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 $0.60 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.40 dividend on an annualized basis and a yield of 2.9%. Strategic Education's dividend payout ratio is 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.