Banque Pictet & Cie SA Invests $460,000 in Strategic Education Inc. (NASDAQ:STRA)

Banque Pictet & Cie SA purchased a new stake in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,477 shares of the health services provider's stock, valued at approximately $460,000.

Other large investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC grew its stake in Strategic Education by 809.1% during the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock valued at $65,000 after purchasing an additional 623 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Strategic Education by 44.0% in the 4th quarter. Covestor Ltd now owns 1,431 shares of the health services provider's stock valued at $134,000 after buying an additional 437 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Strategic Education by 13.4% in the 4th quarter. HighTower Advisors LLC now owns 2,777 shares of the health services provider's stock valued at $259,000 after buying an additional 329 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Strategic Education by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the health services provider's stock valued at $281,000 after buying an additional 191 shares during the period. Finally, NBC Securities Inc. lifted its holdings in shares of Strategic Education by 105,000.0% in the 1st quarter. NBC Securities Inc. now owns 3,153 shares of the health services provider's stock valued at $264,000 after buying an additional 3,150 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Activity at Strategic Education

In other news, Director Robert R. Grusky sold 1,494 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 11,349 shares in the company, valued at $910,984.23. This trade represents a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.30% of the stock is owned by insiders.

Strategic Education Price Performance

NASDAQ STRA traded down $0.82 during trading hours on Friday, reaching $80.22. The company's stock had a trading volume of 128,508 shares, compared to its average volume of 158,766. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 0.94 and a beta of 0.52. Strategic Education Inc. has a 1-year low of $74.28 and a 1-year high of $121.60. The company's 50-day moving average is $86.65 and its two-hundred day moving average is $88.07.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The health services provider reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.29. The company had revenue of $303.59 million during 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%. Strategic Education's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 EPS. Equities analysts forecast that Strategic Education Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.99%. Strategic Education's payout ratio is 51.28%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Truist Financial set a $105.00 price objective on Strategic Education in a report on Thursday, April 24th. Wall Street Zen raised Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 25th. BMO Capital Markets boosted their price objective on Strategic Education from $97.00 to $98.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Barrington Research reissued 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.