Strategic Education Inc. (NASDAQ:STRA) Holdings Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) by 229.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,113 shares of the health services provider's stock after buying an additional 45,341 shares during the quarter. Teacher Retirement System of Texas owned 0.26% of Strategic Education worth $5,467,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of STRA. Smartleaf Asset Management LLC grew its position in shares of Strategic Education by 394.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider's stock worth $44,000 after acquiring an additional 383 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Strategic Education by 809.1% in the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock worth $65,000 after acquiring an additional 623 shares in the last quarter. Covestor Ltd boosted its position in Strategic Education by 44.0% during the 4th quarter. Covestor Ltd now owns 1,431 shares of the health services provider's stock valued at $134,000 after purchasing an additional 437 shares during the period. HighTower Advisors LLC boosted its position in Strategic Education by 13.4% during the 4th quarter. HighTower Advisors LLC now owns 2,777 shares of the health services provider's stock valued at $259,000 after purchasing an additional 329 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Strategic Education by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the health services provider's stock valued at $281,000 after purchasing an additional 191 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STRA has been the subject of a number of analyst reports. Wall Street Zen upgraded Strategic Education from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Truist Financial set a $105.00 price objective on Strategic Education in a research report on Thursday, April 24th. BMO Capital Markets boosted their price objective on Strategic Education from $97.00 to $98.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, Barrington Research restated an "outperform" rating and set a $120.00 price objective on shares of Strategic Education in a research report on Tuesday, April 15th.

Strategic Education Stock Down 3.2%

Strategic Education stock traded down $2.68 during mid-day trading on Monday, hitting $80.77. 144,976 shares of the company's stock traded hands, compared to its average volume of 169,670. The firm has a 50 day moving average price of $86.77 and a 200 day moving average price of $88.46. The company has a market cap of $1.95 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 0.98 and a beta of 0.52. Strategic Education Inc. has a one year low of $74.28 and a one year high of $121.60.

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

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Friday, May 23rd. Strategic Education's dividend payout ratio is presently 51.28%.

Insider Activity

In other news, Director Robert R. Grusky sold 1,494 shares of the business's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $80.27, for a total transaction of $119,923.38. Following the sale, the director directly owned 11,349 shares of the company's stock, valued at $910,984.23. The trade was a 11.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is owned by company insiders.

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.