Calamos Advisors LLC Sells 10,105 Shares of Strategic Education Inc. (NASDAQ:STRA)

Calamos Advisors LLC lessened its holdings in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) by 40.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,838 shares of the health services provider's stock after selling 10,105 shares during the period. Calamos Advisors LLC owned approximately 0.06% of Strategic Education worth $1,246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of Strategic Education by 394.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider's stock worth $44,000 after purchasing an additional 383 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Strategic Education by 809.1% during the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock worth $65,000 after purchasing an additional 623 shares during the last quarter. Covestor Ltd increased its position in shares of Strategic Education by 44.0% during the 4th quarter. Covestor Ltd now owns 1,431 shares of the health services provider's stock worth $134,000 after purchasing an additional 437 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Strategic Education by 13.4% during the 4th quarter. HighTower Advisors LLC now owns 2,777 shares of the health services provider's stock worth $259,000 after purchasing an additional 329 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Strategic Education by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the health services provider's stock worth $281,000 after purchasing an additional 191 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Strategic Education Trading Up 0.2%

Shares of STRA traded up $0.17 on Thursday, reaching $81.04. 235,280 shares of the company's stock traded hands, compared to its average volume of 158,276. The stock has a market cap of $1.96 billion, a PE ratio of 17.32, a PEG ratio of 0.95 and a beta of 0.52. The stock's 50 day simple moving average is $86.74 and its two-hundred day simple moving average is $88.28. Strategic Education Inc. has a 52-week low of $74.28 and a 52-week high of $121.60.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The health services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.29. Strategic Education had a return on equity of 7.29% and a net margin of 9.14%. The company had revenue of $303.59 million during the quarter, compared to analyst estimates of $300.67 million. During the same quarter last year, the company earned $1.11 earnings per share. The firm's quarterly revenue was up 4.6% on a year-over-year basis. Analysts forecast that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.96%. Strategic Education's dividend payout ratio (DPR) is 51.28%.

Analyst Upgrades and Downgrades

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

Insider Activity at Strategic Education

In other news, Director Robert R. Grusky sold 1,494 shares of the business'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 sale, the director directly owned 11,349 shares of the company's stock, valued at $910,984.23. The trade was a 11.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.30% of the stock is currently owned by corporate insiders.

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.