Van Lanschot Kempen Investment Management N.V. Cuts Stock Holdings in Strategic Education Inc. $STRA

Key Points

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Van Lanschot Kempen Investment Management N.V. lessened its stake in Strategic Education Inc. (NASDAQ:STRA - Free Report) by 12.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 543,973 shares of the health services provider's stock after selling 74,313 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned approximately 2.25% of Strategic Education worth $45,672,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Marshfield Associates lifted 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 buying an additional 6,869 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in Strategic Education by 17.3% during the first quarter. Burgundy Asset Management Ltd. now owns 1,475,831 shares of the health services provider's stock valued at $123,911,000 after purchasing an additional 217,151 shares in the last quarter. Royal Bank of Canada raised its stake in Strategic Education by 6.2% during 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. Envestnet Asset Management Inc. increased its position in Strategic Education by 6.6% during the first quarter. Envestnet Asset Management Inc. now owns 423,549 shares of the health services provider's stock valued at $35,561,000 after acquiring an additional 26,284 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in Strategic Education by 8.3% during 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 acquiring an additional 29,772 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Strategic Education Stock Up 1.9%

Shares of Strategic Education stock traded up $1.52 during midday trading on Friday, hitting $82.04. The company had a trading volume of 131,970 shares, compared to its average volume of 174,501. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 0.96 and a beta of 0.58. The company has a fifty day simple moving average of $80.37 and a 200 day simple moving average of $84.30. Strategic Education Inc. has a 12-month low of $72.25 and a 12-month high of $104.51.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The health services provider reported $1.52 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $322.84 million. During the same period last year, the firm posted $1.33 EPS. Strategic Education's revenue was up 2.9% on a year-over-year basis. As a group, analysts expect that Strategic Education Inc. will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

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 given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.40 dividend on an annualized basis and a yield of 2.9%. Strategic Education's dividend payout ratio (DPR) is currently 49.90%.

Analyst Ratings Changes

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

About Strategic Education

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.