Vanguard Group Inc. Sells 42,106 Shares of Strategic Education Inc. $STRA

Key Points

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Vanguard Group Inc. decreased its holdings in Strategic Education Inc. (NASDAQ:STRA - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,751,579 shares of the health services provider's stock after selling 42,106 shares during the quarter. Vanguard Group Inc. owned 11.39% of Strategic Education worth $231,023,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake 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 in the last quarter. Significant Wealth Partners LLC raised its stake 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 in the last quarter. NBC Securities Inc. raised its stake 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 in the last quarter. International Assets Investment Management LLC grew 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 worth $273,000 after purchasing an additional 872 shares during the last quarter. Finally, Bank of Montreal Can grew 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 worth $331,000 after purchasing an additional 246 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on STRA. BMO Capital Markets lowered 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. Wall Street Zen lowered shares of Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $105.00 target price on shares of Strategic Education in a report on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $99.33.

Strategic Education Stock Up 1.9%

NASDAQ:STRA traded up $1.52 during mid-day trading on Friday, reaching $82.04. 131,970 shares of the company were exchanged, compared to its average volume of 179,959. Strategic Education Inc. has a 12 month low of $72.25 and a 12 month high of $104.51. The company has a fifty day moving average of $80.37 and a 200 day moving average of $84.42. The stock has a market cap of $1.96 billion, a PE ratio of 17.06, a PEG ratio of 0.96 and a beta of 0.58.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The health services provider reported $1.52 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $322.84 million. During the same quarter in the prior year, the firm earned $1.33 EPS. The company's revenue was up 2.9% on a year-over-year basis. On average, equities research analysts anticipate that Strategic Education Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be issued 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 is currently 49.90%.

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.