Quantinno Capital Management LP Grows Position in Strategic Education Inc. $STRA

Key Points

• Quantinno Capital Management increased its Strategic Education stake by 343.3% in the first quarter to 23,231 shares, while institutional investors collectively own 93.27% of the company.
• Strategic Education’s latest quarterly results fell slightly short of expectations, with EPS of $1.76 versus $1.80 expected and revenue of $321.6 million versus $327.55 million forecast. Revenue still grew 4.9% year over year.
• The company declared a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a 3.0% yield. Analysts’ consensus rating is “Hold,” with an average price target of $95.33 versus a reported share price of $79.98.

Quantinno Capital Management LP boosted its position in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) by 343.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,231 shares of the health services provider's stock after buying an additional 17,990 shares during the period. Quantinno Capital Management LP owned 0.10% of Strategic Education worth $1,927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its position in shares of Strategic Education by 62,355.4% during the fourth quarter. Bank of Montreal Can now owns 1,467,702 shares of the health services provider's stock worth $117,710,000 after acquiring an additional 1,465,352 shares during the last quarter. AQR Capital Management LLC grew its position in Strategic Education by 188.6% during the 2nd quarter. AQR Capital Management LLC now owns 245,296 shares of the health services provider's stock worth $20,882,000 after purchasing an additional 160,303 shares during the last quarter. Millennium Management LLC grew its position in Strategic Education by 115.4% during the 3rd quarter. Millennium Management LLC now owns 216,117 shares of the health services provider's stock worth $18,588,000 after purchasing an additional 115,801 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Strategic Education in the second quarter valued at $9,615,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Strategic Education by 30.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 454,509 shares of the health services provider's stock valued at $37,706,000 after purchasing an additional 106,487 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on STRA. Wall Street Zen upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Barrington Research set a $105.00 price target on Strategic Education in a research report on Wednesday, July 29th. BMO Capital Markets upped their price objective on Strategic Education from $86.00 to $91.00 and gave the company an "outperform" rating in a research note on Monday, July 6th. Truist Financial increased their price objective on Strategic Education from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Thursday, July 30th. Finally, Zacks Research downgraded Strategic Education from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $95.33.

Strategic Education Stock Performance

Strategic Education stock opened at $79.98 on Wednesday. Strategic Education Inc. has a one year low of $69.70 and a one year high of $89.73. The business has a fifty day moving average of $79.68 and a two-hundred day moving average of $80.08. The company has a market cap of $1.78 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.75 and a beta of 0.49.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The health services provider reported $1.76 earnings per share for the quarter, missing analysts' consensus estimates of $1.80 by ($0.04). The company had revenue of $321.60 million for the quarter, compared to analyst estimates of $327.55 million. Strategic Education had a return on equity of 8.98% and a net margin of 10.46%.The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.54 earnings per share. Sell-side analysts predict that Strategic Education Inc. will post 7.21 EPS for the current year.

Strategic Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, September 4th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 3.0%. Strategic Education's payout ratio is currently 40.00%.

Insiders Place Their Bets

In other Strategic Education news, insider Christa Hokenson sold 2,000 shares of the company's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $80.00, for a total transaction of $160,000.00. Following the transaction, the insider directly owned 65,195 shares in the company, valued at approximately $5,215,600. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.60% of the company's stock.

Strategic Education Company Profile

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.

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