8,653 Shares in Strategic Education Inc. (NASDAQ:STRA) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,653 shares of the health services provider's stock, valued at approximately $727,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in Strategic Education by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the health services provider's stock worth $281,000 after acquiring an additional 191 shares during the period. Bank of Montreal Can raised its stake in shares of Strategic Education by 7.5% in the 4th quarter. Bank of Montreal Can now owns 3,542 shares of the health services provider's stock valued at $331,000 after acquiring an additional 246 shares in the last quarter. Swiss National Bank increased its position in Strategic Education by 0.7% in the 4th quarter. Swiss National Bank now owns 46,038 shares of the health services provider's stock worth $4,301,000 after buying an additional 300 shares during the period. HighTower Advisors LLC increased its position in Strategic Education by 13.4% in the 4th quarter. HighTower Advisors LLC now owns 2,777 shares of the health services provider's stock worth $259,000 after buying an additional 329 shares during the period. Finally, Semanteon Capital Management LP increased its position in Strategic Education by 2.7% in the 4th quarter. Semanteon Capital Management LP now owns 12,771 shares of the health services provider's stock worth $1,193,000 after buying an additional 336 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Insider Activity

In other Strategic Education news, Director Robert R. Grusky sold 1,494 shares of Strategic Education stock in a transaction on Friday, April 25th. The stock was sold at an average price of $80.27, for a total value of $119,923.38. Following the completion of the sale, the director now owns 11,349 shares of the company's stock, valued at approximately $910,984.23. This trade represents a 11.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is currently owned by company insiders.

Strategic Education Trading Up 2.4%

Shares of Strategic Education stock opened at $86.20 on Friday. The stock has a fifty day simple moving average of $85.56 and a 200 day simple moving average of $89.54. Strategic Education Inc. has a 12-month low of $74.28 and a 12-month high of $121.60. The company has a market capitalization of $2.08 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 0.99 and a beta of 0.54.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.29. The firm had revenue of $303.59 million for the quarter, compared to analysts' expectations of $300.67 million. Strategic Education had a return on equity of 7.29% and a net margin of 9.14%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 EPS. On average, analysts predict that Strategic Education Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Friday, May 23rd. Strategic Education's dividend payout ratio (DPR) is currently 51.28%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on STRA. Truist Financial set a $105.00 price objective on Strategic Education in a research note on Thursday, April 24th. BMO Capital Markets upped their price target on Strategic Education from $97.00 to $98.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen upgraded Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Finally, Barrington Research reiterated an "outperform" rating and issued a $120.00 price objective on shares of Strategic Education in a report on Tuesday, April 15th.

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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