Strategic Education Inc. $STRA Shares Sold by Van Lanschot Kempen Investment Management N.V.

Key Points

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Van Lanschot Kempen Investment Management N.V. reduced its holdings in Strategic Education Inc. (NASDAQ:STRA - Free Report) by 12.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 about 2.25% of Strategic Education worth $45,672,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC lifted its holdings 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 valued at $65,000 after buying an additional 623 shares during the period. Significant Wealth Partners LLC lifted its holdings in shares of Strategic Education by 17.3% in the 1st 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 during the period. NBC Securities Inc. lifted its holdings in shares of Strategic Education by 105,000.0% in the 1st quarter. NBC Securities Inc. now owns 3,153 shares of the health services provider's stock valued at $264,000 after buying an additional 3,150 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Strategic Education by 36.7% in the 1st quarter. International Assets Investment Management LLC now owns 3,251 shares of the health services provider's stock valued at $273,000 after buying an additional 872 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Strategic Education by 7.5% in the 4th quarter. Bank of Montreal Can now owns 3,542 shares of the health services provider's stock valued at $331,000 after buying an additional 246 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STRA has been the subject of several research reports. Barrington Research reaffirmed an "outperform" rating and set a $105.00 price objective on shares of Strategic Education in a report on Wednesday, July 30th. BMO Capital Markets reduced their price objective on Strategic Education from $98.00 to $88.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Wall Street Zen cut Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Truist Financial set a $105.00 price objective on Strategic Education in a report on Thursday, April 24th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Strategic Education has a consensus rating of "Buy" and an average target price of $99.33.

Strategic Education Trading Up 1.9%

Shares of NASDAQ STRA traded up $1.52 during trading on Friday, reaching $82.04. The company had a trading volume of 131,970 shares, compared to its average volume of 172,160. Strategic Education Inc. has a twelve month low of $72.25 and a twelve month high of $104.51. The stock has a market capitalization of $1.96 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 0.93 and a beta of 0.58. The stock has a 50-day moving average price of $80.41 and a two-hundred day moving average price of $84.66.

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

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, September 5th. Strategic Education's dividend payout ratio is presently 49.90%.

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.