Strategic Education Inc. $STRA Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in Strategic Education Inc. by 39.3% during the 1st quarter, now owning 92,783 shares valued at approximately $7.79 million.
• Strategic Education reported a quarterly earnings per share of $1.52, exceeding the consensus estimate of $1.42, with a revenue of $321.47 million.
• The company declared a quarterly dividend of $0.60 per share, representing a 2.9% yield, with the ex-dividend date set for September 5th.

Invesco Ltd. reduced its stake in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) by 39.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,783 shares of the health services provider's stock after selling 60,045 shares during the quarter. Invesco Ltd. owned 0.38% of Strategic Education worth $7,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of STRA. Teacher Retirement System of Texas lifted its holdings in shares of Strategic Education by 229.3% in the first quarter. Teacher Retirement System of Texas now owns 65,113 shares of the health services provider's stock valued at $5,467,000 after purchasing an additional 45,341 shares in the last quarter. Lightrock Netherlands B.V. lifted its holdings in shares of Strategic Education by 86.4% in the first quarter. Lightrock Netherlands B.V. now owns 91,804 shares of the health services provider's stock valued at $7,721,000 after purchasing an additional 42,542 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Strategic Education by 6.2% in the fourth quarter. Royal Bank of Canada now owns 589,053 shares of the health services provider's stock valued at $55,029,000 after purchasing an additional 34,608 shares in the last quarter. Bastion Asset Management Inc. lifted its holdings in shares of Strategic Education by 286.9% in the first quarter. Bastion Asset Management Inc. now owns 45,914 shares of the health services provider's stock valued at $3,773,000 after purchasing an additional 34,048 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Strategic Education by 8.3% in the fourth quarter. Nuveen Asset Management LLC now owns 390,539 shares of the health services provider's stock valued at $36,484,000 after purchasing an additional 29,772 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Strategic Education Stock Down 0.3%

Strategic Education stock opened at $81.82 on Tuesday. Strategic Education Inc. has a 52-week low of $72.25 and a 52-week high of $104.51. The firm has a fifty day moving average of $80.32 and a 200-day moving average of $84.18. The firm has a market capitalization of $1.96 billion, a P/E ratio of 17.01, a PEG ratio of 0.96 and a beta of 0.58.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The health services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. The company had revenue of $321.47 million during the quarter, compared to analyst estimates of $322.84 million. Strategic Education had a net margin of 9.27% and a return on equity of 7.52%. The business's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 earnings per share. On average, research analysts expect that Strategic Education Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be paid 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 is 49.90%.

Analysts Set New Price Targets

Several analysts have issued reports on STRA shares. Wall Street Zen downgraded shares of Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. 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, Barrington Research reissued an "outperform" rating and set a $105.00 price objective on shares of Strategic Education in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Strategic Education has an average rating of "Buy" and a consensus target price of $99.33.

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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