Algert Global LLC boosted its position in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) by 26.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 275,342 shares of the health services provider's stock after buying an additional 57,824 shares during the quarter. Algert Global LLC owned approximately 1.24% of Strategic Education worth $21,097,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Strategic Education during the second quarter valued at $291,189,000. Bank of Montreal Can boosted its holdings in Strategic Education by 62,355.4% in the fourth quarter. Bank of Montreal Can now owns 1,467,702 shares of the health services provider's stock valued at $117,710,000 after acquiring an additional 1,465,352 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Strategic Education by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,458,740 shares of the health services provider's stock worth $121,017,000 after purchasing an additional 7,346 shares during the period. State Street Corp increased its position in Strategic Education by 0.8% in the fourth quarter. State Street Corp now owns 881,089 shares of the health services provider's stock worth $70,663,000 after purchasing an additional 6,737 shares during the period. Finally, Geode Capital Management LLC lifted its position in Strategic Education by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 609,040 shares of the health services provider's stock valued at $48,853,000 after purchasing an additional 1,579 shares during the period. 93.27% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on STRA shares. Barrington Research set a $105.00 target price on shares of Strategic Education in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Strategic Education in a report on Friday, July 17th. BMO Capital Markets lifted their price objective on Strategic Education from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Monday, July 6th. Zacks Research downgraded Strategic Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 2nd. Finally, Wall Street Zen raised Strategic Education from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $95.33.
Read Our Latest Analysis on STRA
Strategic Education Stock Up 0.7%
STRA opened at $84.00 on Tuesday. The stock has a market cap of $1.87 billion, a P/E ratio of 14.00, a P/E/G ratio of 0.77 and a beta of 0.49. Strategic Education Inc. has a 12 month low of $69.70 and a 12 month high of $89.73. The company has a fifty day simple moving average of $80.17 and a 200 day simple moving average of $79.93.
Strategic Education (NASDAQ:STRA - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The health services provider reported $1.76 EPS for the quarter, missing analysts' consensus estimates of $1.80 by ($0.04). Strategic Education had a return on equity of 8.98% and a net margin of 10.46%.The business had revenue of $321.60 million for the quarter, compared to analyst estimates of $327.55 million. During the same period in the prior year, the business earned $1.54 EPS. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts expect that Strategic Education Inc. will post 7.23 earnings per share for the current fiscal year.
Strategic Education Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, September 4th. Strategic Education's dividend payout ratio (DPR) is 40.00%.
Insiders Place Their Bets
In other Strategic Education news, insider Christa Hokenson sold 2,000 shares of Strategic Education stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $80.00, for a total value of $160,000.00. Following the transaction, the insider owned 65,195 shares of the company's stock, valued at approximately $5,215,600. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.60% of the company's stock.
Strategic Education Company Profile
(
Free Report)
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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