Freestone Grove Partners LP purchased a new position in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,657 shares of the health services provider's stock, valued at approximately $1,506,000. Freestone Grove Partners LP owned approximately 0.09% of Strategic Education as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of STRA. Bastion Asset Management Inc. lifted its position in shares of Strategic Education by 409.3% during the fourth quarter. Bastion Asset Management Inc. now owns 71,209 shares of the health services provider's stock worth $5,644,000 after purchasing an additional 57,228 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Strategic Education by 343.3% during the 1st quarter. Quantinno Capital Management LP now owns 23,231 shares of the health services provider's stock valued at $1,927,000 after purchasing an additional 17,990 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Strategic Education by 568.8% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 36,765 shares of the health services provider's stock valued at $3,050,000 after purchasing an additional 31,268 shares in the last quarter. SG Americas Securities LLC increased its stake in Strategic Education by 62.9% during the 1st quarter. SG Americas Securities LLC now owns 100,212 shares of the health services provider's stock worth $8,314,000 after buying an additional 38,681 shares during the period. Finally, BlackRock Inc. purchased a new stake in Strategic Education during the 2nd quarter worth $291,189,000. Hedge funds and other institutional investors own 93.27% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on STRA shares. Weiss Ratings reissued a "hold (c)" rating on shares of Strategic Education in a research report on Friday, July 17th. BMO Capital Markets lifted their target price on Strategic Education from $86.00 to $91.00 and gave the stock an "outperform" rating in a research report on Monday, July 6th. Truist Financial lifted their target price on Strategic Education from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Thursday, July 30th. Zacks Research cut Strategic Education from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 2nd. Finally, Wall Street Zen raised Strategic Education from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $95.33.
Read Our Latest Stock Report on Strategic Education
Strategic Education Price Performance
STRA opened at $84.64 on Friday. Strategic Education Inc. has a 12-month low of $69.70 and a 12-month high of $89.73. The firm's fifty day moving average price is $80.97 and its 200 day moving average price is $80.07. The stock has a market capitalization of $1.88 billion, a PE ratio of 14.11, a P/E/G ratio of 0.78 and a beta of 0.49.
Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The health services provider reported $1.76 EPS for the quarter, missing analysts' consensus estimates of $1.80 by ($0.04). Strategic Education had a return on equity of 8.98% and a net margin of 10.46%.The firm had revenue of $321.60 million during the quarter, compared to analyst estimates of $327.55 million. During the same quarter last year, the business posted $1.54 earnings per share. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts forecast that Strategic Education Inc. will post 7.23 earnings per share for the current fiscal year.
Strategic Education Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, September 4th will be given a $0.60 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.8%. Strategic Education's dividend payout ratio (DPR) is presently 40.00%.
Insider Activity at Strategic Education
In other news, insider Christa Hokenson sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $80.00, for a total value of $160,000.00. Following the completion of the sale, the insider directly owned 65,195 shares in the company, valued at approximately $5,215,600. The trade was a 2.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.60% of the company's stock.
Strategic Education Company Profile
(
Free Report)
Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.
Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.
Further Reading
Want to see what other hedge funds are holding STRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Strategic Education Inc. (NASDAQ:STRA - Free Report).
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