Envestnet Asset Management Inc. Grows Stock Position in Strategic Education Inc. (NASDAQ:STRA)

Envestnet Asset Management Inc. lifted its position in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 423,549 shares of the health services provider's stock after acquiring an additional 26,284 shares during the quarter. Envestnet Asset Management Inc. owned 1.72% of Strategic Education worth $35,561,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in STRA. Sterling Capital Management LLC boosted its stake in shares of Strategic Education by 809.1% in the fourth quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock valued at $65,000 after buying an additional 623 shares in the last quarter. Covestor Ltd lifted its holdings in Strategic Education by 44.0% in the fourth quarter. Covestor Ltd now owns 1,431 shares of the health services provider's stock valued at $134,000 after acquiring an additional 437 shares during the period. HighTower Advisors LLC boosted 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 in the last quarter. PNC Financial Services Group Inc. grew its stake 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 period. Finally, NBC Securities Inc. increased 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 purchasing an additional 3,150 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Price Performance

STRA traded down $0.08 during midday trading on Tuesday, reaching $79.45. 15,760 shares of the company's stock were exchanged, compared to its average volume of 158,141. Strategic Education Inc. has a 1-year low of $74.28 and a 1-year high of $121.60. The stock has a market capitalization of $1.92 billion, a PE ratio of 16.95, a P/E/G ratio of 0.94 and a beta of 0.52. The business's 50-day moving average price is $86.65 and its 200 day moving average price is $88.02.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $303.59 million during the quarter, compared to analysts' expectations of $300.67 million. Strategic Education had a net margin of 9.14% and a return on equity of 7.29%. The company's revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS. As a group, analysts expect that Strategic Education Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Activity at Strategic Education

In related news, Director Robert R. Grusky sold 1,494 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $80.27, for a total transaction of $119,923.38. Following the sale, the director owned 11,349 shares in the company, valued at approximately $910,984.23. This trade represents a 11.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by company insiders.

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.