Strategic Education Inc. $STRA Shares Sold by Vanguard Group Inc.

Key Points

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Vanguard Group Inc. reduced its holdings in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,751,579 shares of the health services provider's stock after selling 42,106 shares during the period. Vanguard Group Inc. owned about 11.39% of Strategic Education worth $231,023,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Strategic Education by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 127,684 shares of the health services provider's stock valued at $10,720,000 after purchasing an additional 3,256 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Strategic Education by 6.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 423,549 shares of the health services provider's stock worth $35,561,000 after acquiring an additional 26,284 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Strategic Education during the 1st quarter worth about $727,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Strategic Education during the fourth quarter worth approximately $821,000. Finally, NBC Securities Inc. boosted its holdings in Strategic Education by 105,000.0% in the first quarter. NBC Securities Inc. now owns 3,153 shares of the health services provider's stock valued at $264,000 after purchasing an additional 3,150 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Strategic Education Stock Up 1.5%

Shares of Strategic Education stock traded up $1.1850 during trading on Friday, reaching $81.7050. The company's stock had a trading volume of 55,045 shares, compared to its average volume of 171,655. Strategic Education Inc. has a 12-month low of $72.25 and a 12-month high of $104.51. The business has a 50 day moving average price of $80.41 and a 200-day moving average price of $84.66. The company has a market capitalization of $1.95 billion, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 0.93 and a beta of 0.58.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its earnings results on Wednesday, July 30th. The health services provider reported $1.52 EPS for the quarter, topping 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 company had revenue of $321.47 million for the quarter, compared to analyst estimates of $322.84 million. During the same period in the previous year, the firm earned $1.33 EPS. The business's revenue was up 2.9% on a year-over-year basis. Research analysts predict that Strategic Education Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

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

Wall Street Analysts Forecast Growth

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