Strategic Education, Inc. (NASDAQ:STRA) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its position in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 390,539 shares of the health services provider's stock after buying an additional 29,772 shares during the period. Nuveen Asset Management LLC owned about 1.59% of Strategic Education worth $36,484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Strategic Education by 2.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,708 shares of the health services provider's stock worth $1,467,000 after buying an additional 336 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Strategic Education in the 4th quarter valued at approximately $1,080,000. Bastion Asset Management Inc. bought a new position in Strategic Education in the 4th quarter valued at approximately $1,108,000. Benjamin Edwards Inc. lifted its holdings in shares of Strategic Education by 19.9% during the fourth quarter. Benjamin Edwards Inc. now owns 9,361 shares of the health services provider's stock valued at $874,000 after purchasing an additional 1,553 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Strategic Education by 20.4% during the fourth quarter. BNP Paribas Financial Markets now owns 6,076 shares of the health services provider's stock valued at $568,000 after purchasing an additional 1,030 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

Insider Buying and Selling at Strategic Education

In other news, CEO Raymond Karl Mcdonnell sold 31,855 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $3,116,374.65. Following the completion of the transaction, the chief executive officer now owns 140,281 shares of the company's stock, valued at $13,723,690.23. The trade was a 18.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Daniel Wayne Jackson sold 6,025 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total value of $589,425.75. Following the completion of the transaction, the chief financial officer now directly owns 81,756 shares of the company's stock, valued at $7,998,189.48. The trade was a 6.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,826 shares of company stock worth $3,945,093 over the last three months. Corporate insiders own 3.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on STRA shares. Barrington Research restated an "outperform" rating and set a $120.00 target price on shares of Strategic Education in a research note on Tuesday, April 15th. Wall Street Zen upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 25th. BMO Capital Markets raised their target price on shares of Strategic Education from $97.00 to $98.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Truist Financial set a $105.00 target price on shares of Strategic Education in a report on Thursday, April 24th.

Strategic Education Stock Performance

STRA stock traded down $0.09 during trading on Friday, reaching $87.48. 122,862 shares of the company traded hands, compared to its average volume of 155,804. Strategic Education, Inc. has a 12 month low of $74.28 and a 12 month high of $121.60. The business has a 50 day simple moving average of $83.39 and a 200 day simple moving average of $90.97. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.22 and a beta of 0.52.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The health services provider reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.29. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $303.59 million for the quarter, compared to analysts' expectations of $300.67 million. During the same period last year, the business earned $1.11 EPS. The company's revenue was up 4.6% compared to the same quarter last year. As a group, research analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 2.74%. Strategic Education's dividend payout ratio (DPR) is 51.28%.

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.