Strategic Education Inc. (NASDAQ:STRA) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in Strategic Education Inc. (NASDAQ:STRA - Free Report) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 259,101 shares of the health services provider's stock after selling 13,152 shares during the period. Bank of New York Mellon Corp owned about 1.05% of Strategic Education worth $21,754,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Strategic Education by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 127,684 shares of the health services provider's stock valued at $10,720,000 after acquiring an additional 3,256 shares in the last quarter. SG Americas Securities LLC acquired a new position in Strategic Education in the first quarter valued at approximately $727,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Strategic Education during the fourth quarter worth $821,000. NBC Securities Inc. grew its position in Strategic Education by 105,000.0% in the first quarter. NBC Securities Inc. now owns 3,153 shares of the health services provider's stock valued at $264,000 after purchasing an additional 3,150 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Strategic Education by 9,128.9% during the 1st quarter. GAMMA Investing LLC now owns 11,167 shares of the health services provider's stock worth $938,000 after buying an additional 11,046 shares during the last quarter. Institutional investors own 93.27% of the company's stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Strategic Education news, Director Robert R. Grusky sold 1,494 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $80.27, for a total transaction of $119,923.38. Following the completion of the sale, the director owned 11,349 shares of the company's stock, valued at approximately $910,984.23. The trade was a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.30% of the company's stock.

Strategic Education Stock Performance

Strategic Education stock opened at $80.02 on Friday. Strategic Education Inc. has a one year low of $74.28 and a one year high of $121.60. The stock has a market cap of $1.93 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 0.93 and a beta of 0.52. The stock has a 50-day moving average of $86.00 and a two-hundred day moving average of $87.73.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its earnings results on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.29. The company had revenue of $303.59 million for the quarter, compared to the consensus estimate of $300.67 million. Strategic Education had a return on equity of 7.29% and a net margin of 9.14%. The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 earnings per share. As a group, sell-side analysts predict that Strategic Education Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Friday, May 23rd. Strategic Education's payout ratio is currently 51.28%.

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.

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