Strategic Education Inc. (NASDAQ:STRA) Shares Acquired by Bastion Asset Management Inc.

Key Points

• Bastion Asset Management Inc. increased its holdings in Strategic Education Inc. by 286.9% in Q1, owning 45,914 shares after purchasing an additional 34,048 shares.
• Strategic Education reported a quarterly EPS of $1.30, exceeding the estimate of $1.01, with revenue of $303.59 million, up 4.6% from the previous year.
• The company paid a quarterly dividend of $0.60, resulting in an annualized dividend yield of 3.06% and a payout ratio of 51.28%.

Bastion Asset Management Inc. raised its position in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) by 286.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,914 shares of the health services provider's stock after acquiring an additional 34,048 shares during the period. Strategic Education makes up about 2.1% of Bastion Asset Management Inc.'s investment portfolio, making the stock its 21st largest position. Bastion Asset Management Inc. owned 0.19% of Strategic Education worth $3,773,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Bank of Montreal Can lifted its stake in Strategic Education by 7.5% in the fourth quarter. Bank of Montreal Can now owns 3,542 shares of the health services provider's stock worth $331,000 after acquiring an additional 246 shares during the period. HighTower Advisors LLC lifted its position in shares of Strategic Education by 13.4% during the fourth 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Strategic Education by 2.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,708 shares of the health services provider's stock valued at $1,467,000 after buying an additional 336 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Strategic Education by 1.9% during the fourth quarter. Teacher Retirement System of Texas now owns 19,772 shares of the health services provider's stock valued at $1,847,000 after buying an additional 368 shares during the last quarter. Finally, Significant Wealth Partners LLC lifted its position in shares of Strategic Education by 17.3% during the first quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider's stock valued at $226,000 after buying an additional 396 shares during the last quarter. Institutional investors own 93.27% of the company's stock.

Strategic Education Stock Performance

Shares of NASDAQ:STRA traded down $1.83 during midday trading on Wednesday, reaching $77.62. 107,770 shares of the company's stock traded hands, compared to its average volume of 171,744. Strategic Education Inc. has a 1 year low of $73.07 and a 1 year high of $113.04. The company has a market cap of $1.88 billion, a P/E ratio of 16.59, a PEG ratio of 0.92 and a beta of 0.52. The company has a fifty day simple moving average of $84.24 and a two-hundred day simple moving average of $86.91.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.09%. Strategic Education's dividend payout ratio (DPR) is presently 51.28%.

Analysts Set New Price Targets

Several research firms have commented 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 raised shares of Strategic Education from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. BMO Capital Markets increased their price objective on shares of Strategic Education from $97.00 to $98.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, Barrington Research reiterated an "outperform" rating and issued a $105.00 price target on shares of Strategic Education in a report on Tuesday, July 22nd.

About Strategic Education

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.