Strategic Education, Inc. (NASDAQ:STRA) Shares Sold by Millennium Management LLC

Millennium Management LLC cut its position in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 68.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,506 shares of the health services provider's stock after selling 71,917 shares during the period. Millennium Management LLC owned approximately 0.13% of Strategic Education worth $3,037,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of Strategic Education by 6.8% in 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. Bank of Montreal Can lifted its position in shares of Strategic Education by 7.5% in the 4th quarter. Bank of Montreal Can now owns 3,542 shares of the health services provider's stock worth $331,000 after purchasing an additional 246 shares during the period. Swiss National Bank lifted its position in shares of Strategic Education by 0.7% in the 4th quarter. Swiss National Bank now owns 46,038 shares of the health services provider's stock worth $4,301,000 after purchasing an additional 300 shares during the period. HighTower Advisors LLC lifted its position in shares of Strategic Education by 13.4% in 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 during the period. Finally, Semanteon Capital Management LP raised its stake in shares of Strategic Education by 2.7% during the 4th quarter. Semanteon Capital Management LP now owns 12,771 shares of the health services provider's stock worth $1,193,000 after acquiring an additional 336 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Strategic Education Stock Down 0.8%

Shares of NASDAQ:STRA traded down $0.74 during midday trading on Wednesday, reaching $91.09. The company's stock had a trading volume of 106,486 shares, compared to its average volume of 155,089. The firm has a market capitalization of $2.20 billion, a PE ratio of 17.35, a P/E/G ratio of 1.22 and a beta of 0.52. Strategic Education, Inc. has a twelve month low of $74.28 and a twelve month high of $121.60. The stock has a fifty day moving average of $84.49 and a 200 day moving average of $90.61.

Strategic Education (NASDAQ:STRA - Get Free Report) last released 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 company had revenue of $303.59 million for the quarter, compared to analyst estimates of $300.67 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.11 earnings per share. Sell-side analysts anticipate that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, May 23rd. Strategic Education's dividend payout ratio is currently 51.28%.

Insider Transactions at Strategic Education

In other Strategic Education news, Director Robert R. Grusky sold 1,494 shares of Strategic Education stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $80.27, for a total transaction of $119,923.38. Following the transaction, the director now directly owns 11,349 shares of the company's stock, valued at $910,984.23. The trade was a 11.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael A. Mcrobbie purchased 600 shares of the company's stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $81.80 per share, with a total value of $49,080.00. Following the purchase, the director now owns 6,135 shares of the company's stock, valued at approximately $501,843. This represents a 10.84% increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.