Edmond DE Rothschild Holding S.A. Sells 19,562 Shares of Strategic Education Inc. $STRA

Key Points

• Edmond DE Rothschild Holding S.A. significantly reduced its stake in Strategic Education Inc. by 88.1% during the first quarter, leaving them with 2,640 shares valued at approximately $222,000.
• Strategic Education reported a quarterly earnings per share of $1.52, exceeding expectations, with a year-over-year revenue increase of 2.9%.
• The company declared a $0.60 quarterly dividend with a yield of 2.9%, set for payment on September 15th to investors of record on September 5th.

Edmond DE Rothschild Holding S.A. reduced its position in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) by 88.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,640 shares of the health services provider's stock after selling 19,562 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Strategic Education were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Significant Wealth Partners LLC boosted its stake in Strategic Education by 17.3% in the first quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider's stock valued at $226,000 after buying an additional 396 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Strategic Education by 105,000.0% during the 1st 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 during the last quarter. International Assets Investment Management LLC increased its position in Strategic Education by 36.7% during the 1st quarter. International Assets Investment Management LLC now owns 3,251 shares of the health services provider's stock worth $273,000 after purchasing an additional 872 shares in the last quarter. Versor Investments LP lifted its stake in Strategic Education by 16.0% in the 1st quarter. Versor Investments LP now owns 4,111 shares of the health services provider's stock valued at $345,000 after purchasing an additional 566 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in Strategic Education by 90.3% in the fourth quarter. Two Sigma Advisers LP now owns 4,425 shares of the health services provider's stock valued at $413,000 after buying an additional 2,100 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

Analysts Set New Price Targets

STRA has been the subject of a number of research reports. Barrington Research reiterated an "outperform" rating and issued a $105.00 price target on shares of Strategic Education in a research note on Wednesday, July 30th. Wall Street Zen cut Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Strategic Education in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Strategic Education presently has an average rating of "Buy" and a consensus target price of $99.33.

Strategic Education Trading Up 2.3%

STRA stock traded up $1.86 during trading on Thursday, hitting $83.01. The company had a trading volume of 22,013 shares, compared to its average volume of 169,431. Strategic Education Inc. has a one year low of $72.25 and a one year high of $104.51. The business has a 50-day moving average of $79.52 and a 200-day moving average of $82.79. The stock has a market cap of $1.98 billion, a PE ratio of 17.25, a PEG ratio of 0.97 and a beta of 0.69.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The health services provider reported $1.52 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $322.84 million. During the same quarter in the previous year, the company earned $1.33 EPS. The company's revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts forecast that Strategic Education Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

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

Insider Activity

In other Strategic Education news, CFO Daniel Wayne Jackson acquired 1,900 shares of the stock in a transaction dated Friday, August 29th. The stock was purchased at an average cost of $81.50 per share, with a total value of $154,850.00. Following the transaction, the chief financial officer owned 104,136 shares in the company, valued at approximately $8,487,084. The trade was a 1.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director G Thomas Waite III sold 700 shares of the business's 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 directly owned 15,926 shares in the company, valued at $1,300,994.94. This represents a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.30% of the company's stock.

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.