Strategic Education Inc. (NASDAQ:STRA) Position Boosted by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its holdings in Strategic Education Inc. by 129.9%, acquiring 78,740 shares and owning approximately 0.58% of the company, valued at $11.7 million.
• Institutional investors currently hold 93.27% of Strategic Education stock, with notable increases in stake from Wells Fargo and Russell Investments Group during the fourth quarter.
• Strategic Education reported adjusted earnings of $1.52 per share for the last quarter, exceeding analysts' expectations, along with a quarterly dividend of $0.60 set to be paid on September 15th.

Public Sector Pension Investment Board increased its position in Strategic Education Inc. (NASDAQ:STRA - Free Report) by 129.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,374 shares of the health services provider's stock after purchasing an additional 78,740 shares during the quarter. Public Sector Pension Investment Board owned 0.58% of Strategic Education worth $11,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC purchased a new position in shares of Strategic Education in the first quarter valued at $31,497,000. Benjamin Edwards Inc. boosted its stake in Strategic Education by 13.6% during the 1st quarter. Benjamin Edwards Inc. now owns 10,638 shares of the health services provider's stock valued at $893,000 after acquiring an additional 1,277 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Strategic Education by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 327,210 shares of the health services provider's stock valued at $27,473,000 after acquiring an additional 2,534 shares during the last quarter. GSA Capital Partners LLP bought a new position in Strategic Education during the 1st quarter valued at $1,168,000. Finally, Meeder Asset Management Inc. bought a new position in Strategic Education during the 1st quarter valued at $554,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Stock Up 0.6%

Shares of NASDAQ:STRA traded up $0.44 on Friday, reaching $78.34. 135,854 shares of the company's stock were exchanged, compared to its average volume of 195,594. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.92 and a beta of 0.58. Strategic Education Inc. has a fifty-two week low of $72.25 and a fifty-two week high of $104.51. The business's 50-day moving average is $80.79 and its two-hundred day moving average is $85.08.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its earnings results on Wednesday, July 30th. The health services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $321.47 million for the quarter, compared to analysts' expectations of $322.84 million. Strategic Education had a net margin of 9.27% and a return on equity of 7.52%. Strategic Education's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS. Analysts predict that Strategic Education Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, September 5th. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. Strategic Education's dividend payout ratio (DPR) is 49.90%.

Analyst Ratings Changes

A number of research analysts have commented on STRA shares. Wall Street Zen downgraded shares of Strategic Education from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Barrington Research reiterated an "outperform" rating and set a $105.00 price objective on shares of Strategic Education in a research note on Wednesday, July 30th. BMO Capital Markets reduced their price objective on shares of Strategic Education from $98.00 to $88.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Finally, Truist Financial set a $105.00 price objective on shares of Strategic Education in a research note on Thursday, April 24th.

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.