Bank of America Corp DE Lowers Position in Strategic Education, Inc. (NASDAQ:STRA)

Bank of America Corp DE decreased its position in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 70.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,483 shares of the health services provider's stock after selling 37,015 shares during the period. Bank of America Corp DE owned about 0.06% of Strategic Education worth $1,446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in STRA. Barclays PLC boosted its holdings in Strategic Education by 334.3% during the third quarter. Barclays PLC now owns 37,961 shares of the health services provider's stock worth $3,513,000 after buying an additional 29,220 shares in the last quarter. KBC Group NV lifted its stake in Strategic Education by 53.3% in the 4th quarter. KBC Group NV now owns 1,044 shares of the health services provider's stock valued at $98,000 after buying an additional 363 shares in the last quarter. Lightrock Netherlands B.V. purchased a new stake in Strategic Education in the 4th quarter valued at approximately $4,625,000. Allspring Global Investments Holdings LLC lifted 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 valued at $794,000 after acquiring an additional 7,904 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Strategic Education by 2.0% in the fourth quarter. Rhumbline Advisers now owns 71,384 shares of the health services provider's stock valued at $6,669,000 after acquiring an additional 1,413 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Buying and Selling

In other Strategic Education news, Director Michael A. Mcrobbie purchased 600 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $81.80 per share, for a total transaction of $49,080.00. Following the completion of the acquisition, the director now owns 6,135 shares of the company's stock, valued at approximately $501,843. This represents a 10.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert R. Grusky sold 1,494 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $80.27, for a total transaction of $119,923.38. Following the completion of the transaction, the director now directly owns 11,349 shares in the company, valued at approximately $910,984.23. This represents a 11.63% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company's stock.

Strategic Education Trading Down 1.6%

NASDAQ STRA opened at $89.60 on Friday. The business's 50-day moving average price is $84.60 and its 200 day moving average price is $90.56. Strategic Education, Inc. has a twelve month low of $74.28 and a twelve month high of $121.60. The company has a market capitalization of $2.17 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.22 and a beta of 0.52.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The health services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.29. The business had revenue of $303.59 million for the quarter, compared to analyst estimates of $300.67 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The company's revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 EPS. Equities analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.68%. The ex-dividend date was Friday, May 23rd. Strategic Education's dividend payout ratio (DPR) is currently 51.28%.

Analysts Set New Price Targets

STRA has been the topic of several recent research reports. BMO Capital Markets upped their price objective on Strategic Education from $97.00 to $98.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Truist Financial set a $105.00 target price on shares of Strategic Education in a report on Thursday, April 24th. Barrington Research reissued an "outperform" rating and set a $120.00 price objective on shares of Strategic Education in a research note on Tuesday, April 15th. Finally, Wall Street Zen raised shares of Strategic Education from a "hold" rating to a "buy" rating in a research note on Friday, April 25th.

Strategic Education 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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