Lightrock Netherlands B.V. Has $7.72 Million Stock Holdings in Strategic Education Inc. (NASDAQ:STRA)

Lightrock Netherlands B.V. raised its stake in Strategic Education Inc. (NASDAQ:STRA - Free Report) by 86.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,804 shares of the health services provider's stock after acquiring an additional 42,542 shares during the quarter. Strategic Education makes up 2.0% of Lightrock Netherlands B.V.'s portfolio, making the stock its 27th biggest holding. Lightrock Netherlands B.V. owned approximately 0.37% of Strategic Education worth $7,721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Strategic Education in the fourth quarter worth about $15,715,000. Arrowstreet Capital Limited Partnership boosted its holdings in Strategic Education by 207.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 175,141 shares of the health services provider's stock valued at $16,362,000 after purchasing an additional 118,151 shares during the last quarter. Barclays PLC boosted its holdings in Strategic Education by 202.3% in the fourth quarter. Barclays PLC now owns 114,765 shares of the health services provider's stock valued at $10,720,000 after purchasing an additional 76,804 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its holdings in Strategic Education by 12.9% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,286 shares of the health services provider's stock valued at $57,760,000 after purchasing an additional 70,743 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Strategic Education by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 2,793,685 shares of the health services provider's stock valued at $260,986,000 after purchasing an additional 45,421 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STRA has been the topic of several research reports. 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. Wall Street Zen upgraded Strategic Education from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. BMO Capital Markets upped their price objective on Strategic Education from $97.00 to $98.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, Truist Financial set a $105.00 price objective on Strategic Education in a research note on Thursday, April 24th.

Insiders Place Their Bets

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

Strategic Education Stock Down 0.8%

Shares of Strategic Education stock traded down $0.71 during midday trading on Friday, hitting $83.39. The company's stock had a trading volume of 95,607 shares, compared to its average volume of 157,213. The firm has a market capitalization of $2.01 billion, a P/E ratio of 17.82, a PEG ratio of 0.98 and a beta of 0.52. The stock has a 50-day simple moving average of $86.77 and a 200-day simple moving average of $88.46. Strategic Education Inc. has a 1-year low of $74.28 and a 1-year high of $121.60.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The health services provider reported $1.30 earnings per share (EPS) for the quarter, topping 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 business had revenue of $303.59 million during the quarter, compared to analyst estimates of $300.67 million. During the same period last year, the company earned $1.11 earnings per share. Strategic Education's quarterly revenue was up 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Friday, May 23rd. Strategic Education's dividend payout ratio (DPR) is presently 51.28%.

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.