Deutsche Bank AG Sells 3,877 Shares of Strategic Education Inc. $STRA

Key Points

• Deutsche Bank AG has reduced its stake in Strategic Education Inc. by 17.5%, owning 18,230 shares worth approximately $1.53 million after selling 3,877 shares.
• Strategic Education's shares increased by 1.9%, and the company reported $1.52 EPS, exceeding estimates of $1.42 for the most recent quarter.
• The company declared a quarterly dividend of $0.60 per share, which reflects an annualized dividend yield of 2.9% and a payout ratio of 49.90%.

Deutsche Bank AG trimmed its stake in Strategic Education Inc. (NASDAQ:STRA - Free Report) by 17.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,230 shares of the health services provider's stock after selling 3,877 shares during the period. Deutsche Bank AG owned 0.08% of Strategic Education worth $1,531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Marshfield Associates increased its stake in Strategic Education by 0.4% in the 4th quarter. Marshfield Associates now owns 1,836,491 shares of the health services provider's stock worth $171,565,000 after buying an additional 6,869 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in Strategic Education by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,258,680 shares of the health services provider's stock worth $117,586,000 after buying an additional 20,456 shares in the last quarter. Royal Bank of Canada increased its stake in Strategic Education by 6.2% in the 4th quarter. Royal Bank of Canada now owns 589,053 shares of the health services provider's stock worth $55,029,000 after buying an additional 34,608 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Strategic Education by 6.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 423,549 shares of the health services provider's stock worth $35,561,000 after buying an additional 26,284 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Strategic Education by 8.3% in the 4th 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. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Trading Down 0.1%

Shares of NASDAQ:STRA traded down $0.09 during trading on Thursday, reaching $81.51. The company's stock had a trading volume of 147,792 shares, compared to its average volume of 157,294. Strategic Education Inc. has a 12 month low of $72.25 and a 12 month high of $104.51. The firm's 50 day simple moving average is $80.16 and its two-hundred day simple moving average is $84.01. The stock has a market capitalization of $1.95 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 0.96 and a beta of 0.58.

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

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.9%. Strategic Education's dividend payout ratio (DPR) is presently 49.90%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on STRA shares. BMO Capital Markets cut their price target on Strategic Education from $98.00 to $88.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Wall Street Zen downgraded shares of Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Barrington Research reissued an "outperform" rating and set a $105.00 price objective on shares of Strategic Education in a report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Strategic Education currently has an average rating of "Buy" and a consensus target price of $99.33.

Insider Activity at Strategic Education

In related news, Director G Thomas Waite III sold 700 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $81.69, for a total value of $57,183.00. Following the completion of the transaction, the director owned 15,926 shares of the company's stock, valued at approximately $1,300,994.94. This trade represents a 4.21% decrease in their position. The sale 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 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.