Point72 Asset Management L.P. Has $1.44 Million Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Point72 Asset Management L.P. boosted its stake in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 44.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,423 shares of the health services provider's stock after buying an additional 4,753 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.06% of Strategic Education worth $1,441,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. ProShare Advisors LLC lifted its holdings in Strategic Education by 44.0% during the 4th quarter. ProShare Advisors LLC now owns 6,732 shares of the health services provider's stock valued at $629,000 after purchasing an additional 2,058 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Strategic Education by 8.3% during the fourth quarter. Nuveen Asset Management LLC now owns 390,539 shares of the health services provider's stock worth $36,484,000 after buying an additional 29,772 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Strategic Education by 2.2% during 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 shares of Strategic Education in the fourth quarter valued at approximately $1,080,000. Finally, Bastion Asset Management Inc. acquired a new position in shares of Strategic Education in the 4th quarter worth approximately $1,108,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on STRA shares. Barrington Research reaffirmed an "outperform" rating and set a $120.00 price target on shares of Strategic Education in a report on Tuesday, April 15th. Truist Financial set a $105.00 target price on Strategic Education in a research note on Thursday, April 24th. BMO Capital Markets upped their price target on shares of Strategic Education from $97.00 to $98.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Finally, StockNews.com upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a research report on Friday, April 25th.

Strategic Education Stock Performance

NASDAQ STRA opened at $88.37 on Thursday. The stock has a market capitalization of $2.14 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.22 and a beta of 0.52. Strategic Education, Inc. has a 52 week low of $74.28 and a 52 week high of $121.60. The stock has a fifty day moving average of $83.08 and a 200-day moving average of $91.00.

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

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, May 23rd. Strategic Education's dividend payout ratio (DPR) is presently 51.28%.

Insider Transactions at Strategic Education

In other news, CFO Daniel Wayne Jackson sold 6,025 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $589,425.75. Following the transaction, the chief financial officer now directly owns 81,756 shares in the company, valued at $7,998,189.48. This trade represents a 6.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total value of $3,116,374.65. Following the completion of the sale, the chief executive officer now owns 140,281 shares of the company's stock, valued at $13,723,690.23. This represents a 18.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,826 shares of company stock worth $3,945,093 in the last quarter. 3.30% of the stock is owned by company insiders.

Strategic Education Company 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.

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