Ameriprise Financial Inc. Trims Position in Strategic Education, Inc. (NASDAQ:STRA)

Ameriprise Financial Inc. trimmed its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,499 shares of the health services provider's stock after selling 5,550 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.24% of Strategic Education worth $5,558,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its position in Strategic Education by 17.8% during the fourth quarter. Handelsbanken Fonder AB now owns 5,960 shares of the health services provider's stock valued at $557,000 after buying an additional 900 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Strategic Education by 1,337.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,495 shares of the health services provider's stock worth $794,000 after purchasing an additional 7,904 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Strategic Education by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 272,253 shares of the health services provider's stock worth $25,434,000 after purchasing an additional 12,961 shares during the period. Y Intercept Hong Kong Ltd boosted its position in shares of Strategic Education by 47.2% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 11,715 shares of the health services provider's stock worth $1,094,000 after purchasing an additional 3,759 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Strategic Education by 32.9% in the fourth quarter. Victory Capital Management Inc. now owns 76,200 shares of the health services provider's stock worth $7,119,000 after purchasing an additional 18,855 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Insider Transactions at Strategic Education

In other Strategic Education news, Director Michael A. Mcrobbie acquired 600 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $81.80 per share, for a total transaction of $49,080.00. Following the completion of the transaction, the director now directly owns 6,135 shares of the company's stock, valued at $501,843. This trade represents a 10.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Lizette Benedi Herraiz sold 1,452 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $82.21, for a total transaction of $119,368.92. Following the transaction, the general counsel now owns 61,716 shares of the company's stock, valued at $5,073,672.36. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.30% of the company's stock.

Wall Street Analyst Weigh In

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

Strategic Education Price Performance

Shares of STRA stock traded up $0.26 during mid-day trading on Thursday, hitting $90.22. The company had a trading volume of 163,839 shares, compared to its average volume of 155,669. Strategic Education, Inc. has a 52-week low of $74.28 and a 52-week high of $121.60. The stock's 50 day moving average price is $83.95 and its 200-day moving average price is $90.76. The company has a market capitalization of $2.18 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.22 and a beta of 0.52.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its earnings results on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.01 by $0.29. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm had revenue of $303.59 million for the quarter, compared to the consensus estimate of $300.67 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The company's quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Friday, May 23rd. Strategic Education's dividend payout ratio (DPR) is presently 51.28%.

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.