Strategic Education Inc. (NASDAQ:STRA) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in Strategic Education Inc. (NASDAQ:STRA - Free Report) by 9,128.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,167 shares of the health services provider's stock after buying an additional 11,046 shares during the quarter. GAMMA Investing LLC's holdings in Strategic Education were worth $938,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its stake in Strategic Education by 17.8% during the 4th quarter. Handelsbanken Fonder AB now owns 5,960 shares of the health services provider's stock valued at $557,000 after purchasing an additional 900 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Strategic Education by 1,337.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,495 shares of the health services provider's stock valued at $794,000 after buying an additional 7,904 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Strategic Education during the fourth quarter worth approximately $821,000. Burgundy Asset Management Ltd. grew its position in shares of Strategic Education by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,258,680 shares of the health services provider's stock worth $117,586,000 after buying an additional 20,456 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Strategic Education by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 272,253 shares of the health services provider's stock worth $25,434,000 after buying an additional 12,961 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Strategic Education Trading Up 2.3%

Strategic Education stock traded up $1.91 during mid-day trading on Friday, reaching $86.12. The company's stock had a trading volume of 117,164 shares, compared to its average volume of 167,250. Strategic Education Inc. has a twelve month low of $74.28 and a twelve month high of $121.60. The business has a 50 day moving average price of $85.39 and a 200-day moving average price of $89.63. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 0.99 and a beta of 0.54.

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

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Friday, May 23rd. Strategic Education's dividend payout ratio (DPR) is 51.28%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Strategic Education news, Director Robert R. Grusky sold 1,494 shares of the firm's stock in a transaction 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 now directly owns 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.30% of the company's stock.

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.