UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in Strategic Education, Inc. (NASDAQ:STRA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 19.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,459 shares of the health services provider's stock after purchasing an additional 7,926 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Strategic Education worth $4,527,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Strategic Education by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 2,793,685 shares of the health services provider's stock worth $260,986,000 after purchasing an additional 45,421 shares in the last quarter. Marshfield Associates grew its holdings in shares of Strategic Education by 0.4% in the fourth quarter. Marshfield Associates now owns 1,836,491 shares of the health services provider's stock worth $171,565,000 after acquiring an additional 6,869 shares during the period. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Strategic Education by 12.9% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,286 shares of the health services provider's stock worth $57,760,000 after acquiring an additional 70,743 shares during the period. Royal Bank of Canada grew 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 worth $55,029,000 after acquiring an additional 34,608 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Strategic Education by 4.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 397,265 shares of the health services provider's stock worth $37,113,000 after acquiring an additional 15,638 shares during the period. Institutional investors own 93.27% of the company's stock.

Insiders Place Their Bets

In other Strategic Education news, Director Michael A. Mcrobbie bought 600 shares of the business's stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $81.80 per share, with a total value of $49,080.00. Following the completion of the purchase, the director now owns 6,135 shares in the company, valued at $501,843. This represents a 10.84% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert R. Grusky sold 1,494 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $80.27, for a total value of $119,923.38. Following the completion of the transaction, the director now directly owns 11,349 shares in the company, valued at approximately $910,984.23. This trade represents a 11.63% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company's stock.

Strategic Education Trading Down 1.6%

Strategic Education stock traded down $1.49 during midday trading on Thursday, hitting $89.60. The stock had a trading volume of 129,939 shares, compared to its average volume of 154,989. Strategic Education, Inc. has a 52-week low of $74.28 and a 52-week high of $121.60. The firm's fifty day moving average is $84.49 and its two-hundred day moving average is $90.61. The company has a market capitalization of $2.17 billion, a PE ratio of 17.07, a P/E/G ratio of 1.22 and a beta of 0.52.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings results 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 7.61% and a net margin of 10.44%. The company had revenue of $303.59 million for the quarter, compared to analysts' expectations of $300.67 million. During the same period in the previous year, the firm earned $1.11 EPS. The firm's revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts predict that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 2.68%. Strategic Education's dividend payout ratio (DPR) is currently 51.28%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. BMO Capital Markets lifted their price objective on Strategic Education from $97.00 to $98.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Barrington Research reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Strategic Education in a report on Tuesday, April 15th. Wall Street Zen raised Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Finally, Truist Financial set a $105.00 price objective on Strategic Education in a report on Thursday, April 24th.

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.