Cwm LLC Grows Position in Strategic Education Inc. $STRA

Cwm LLC raised its position in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) by 592.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,984 shares of the health services provider's stock after purchasing an additional 8,542 shares during the period. Cwm LLC's holdings in Strategic Education were worth $850,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. MSH Capital Advisors LLC raised its position in Strategic Education by 1.2% during the second quarter. MSH Capital Advisors LLC now owns 11,314 shares of the health services provider's stock valued at $963,000 after purchasing an additional 137 shares in the last quarter. State of Alaska Department of Revenue raised its position in Strategic Education by 5.6% during the second quarter. State of Alaska Department of Revenue now owns 14,218 shares of the health services provider's stock valued at $1,209,000 after purchasing an additional 748 shares in the last quarter. Significant Wealth Partners LLC raised its position in Strategic Education by 7.0% during the second quarter. Significant Wealth Partners LLC now owns 2,876 shares of the health services provider's stock valued at $245,000 after purchasing an additional 187 shares in the last quarter. GAMMA Investing LLC raised its position in Strategic Education by 148.9% during the second quarter. GAMMA Investing LLC now owns 331 shares of the health services provider's stock valued at $28,000 after purchasing an additional 198 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Strategic Education by 49.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,777 shares of the health services provider's stock valued at $1,066,000 after purchasing an additional 4,205 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Strategic Education Stock Performance

Strategic Education stock opened at $83.16 on Thursday. The stock's 50 day simple moving average is $81.92 and its two-hundred day simple moving average is $82.52. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 0.98 and a beta of 0.67. Strategic Education Inc. has a fifty-two week low of $72.25 and a fifty-two week high of $104.51.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The health services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $321.47 million for the quarter, compared to analysts' expectations of $322.84 million. Strategic Education had a return on equity of 7.52% and a net margin of 9.27%.The business's revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. On average, analysts predict that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, September 5th. Strategic Education's payout ratio is presently 49.90%.

Insider Activity at Strategic Education

In other Strategic Education news, Director G Thomas Waite III sold 700 shares of Strategic Education stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $81.69, for a total transaction of $57,183.00. Following the sale, the director directly owned 15,926 shares of the company's stock, valued at approximately $1,300,994.94. The trade was a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daniel Wayne Jackson acquired 1,900 shares of the business's stock in a transaction on Friday, August 29th. The shares were purchased at an average cost of $81.50 per share, for a total transaction of $154,850.00. Following the completion of the transaction, the chief financial officer owned 104,136 shares in the company, valued at approximately $8,487,084. This represents a 1.86% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BMO Capital Markets restated an "outperform" rating on shares of Strategic Education in a research report on Monday, September 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Strategic Education in a report on Wednesday, October 8th. Barrington Research reiterated an "outperform" rating and issued a $105.00 price objective on shares of Strategic Education in a report on Tuesday. Finally, Wall Street Zen upgraded Strategic Education from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Strategic Education has an average rating of "Moderate Buy" and an average price target of $99.33.

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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