16,940 Shares in Strategic Education Inc. (NASDAQ:STRA) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in Strategic Education Inc. (NASDAQ:STRA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,940 shares of the health services provider's stock, valued at approximately $1,422,000. Edgestream Partners L.P. owned 0.07% of Strategic Education at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of STRA. Sterling Capital Management LLC grew its stake 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 acquiring an additional 623 shares during the period. Covestor Ltd grew its stake 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 acquiring an additional 437 shares during the period. Significant Wealth Partners LLC grew its stake in shares of Strategic Education by 17.3% during the 1st quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider's stock worth $226,000 after acquiring an additional 396 shares during the period. HighTower Advisors LLC grew its stake 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 acquiring an additional 329 shares during the period. Finally, NBC Securities Inc. grew its stake in shares of Strategic Education by 105,000.0% during the 1st quarter. NBC Securities Inc. now owns 3,153 shares of the health services provider's stock worth $264,000 after acquiring an additional 3,150 shares during the period. Institutional investors own 93.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on STRA shares. Barrington Research reiterated an "outperform" rating and set a $120.00 price target on shares of Strategic Education in a research note on Tuesday, April 15th. Wall Street Zen upgraded Strategic Education from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Truist Financial set a $105.00 target price on Strategic Education in a research note on Thursday, April 24th. Finally, BMO Capital Markets raised their target price on Strategic Education from $97.00 to $98.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th.

Strategic Education Price Performance

Shares of NASDAQ:STRA traded down $0.61 on Friday, hitting $79.41. The company's stock had a trading volume of 119,516 shares, compared to its average volume of 158,625. The company has a 50-day simple moving average of $85.81 and a 200 day simple moving average of $87.59. Strategic Education Inc. has a 1 year low of $74.28 and a 1 year high of $121.60. The company has a market capitalization of $1.92 billion, a PE ratio of 16.97, a PEG ratio of 0.93 and a beta of 0.52.

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, 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 firm had revenue of $303.59 million for the quarter, compared to analysts' expectations of $300.67 million. During the same quarter last year, the firm posted $1.11 EPS. The company's revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were issued a dividend of $0.60 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.02%. Strategic Education's dividend payout ratio is 51.28%.

Insider Buying and Selling at Strategic Education

In related news, Director Robert R. Grusky sold 1,494 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $80.27, for a total transaction of $119,923.38. Following the transaction, the director directly owned 11,349 shares of the company's stock, valued at approximately $910,984.23. This trade represents a 11.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.30% of the company's stock.

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.