Victory Capital Management Inc. Has $7.75 Million Stock Holdings in Strategic Education Inc. (NASDAQ:STRA)

Key Points

• Victory Capital Management Inc. has increased its stake in Strategic Education Inc. by 21.1%, now owning 92,250 shares valued at approximately $7.7 million.
• Strategic Education reported $1.30 EPS for its recent quarter, exceeding estimates by $0.29, with a 4.6% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.60, resulting in an annualized dividend yield of 3.06%.

Victory Capital Management Inc. raised its position in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) by 21.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,250 shares of the health services provider's stock after buying an additional 16,050 shares during the quarter. Victory Capital Management Inc. owned 0.37% of Strategic Education worth $7,745,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its position in shares of Strategic Education by 809.1% in the fourth quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock worth $65,000 after purchasing an additional 623 shares in the last quarter. Covestor Ltd raised its position in Strategic Education by 44.0% during the fourth quarter. Covestor Ltd now owns 1,431 shares of the health services provider's stock valued at $134,000 after acquiring an additional 437 shares in the last quarter. Significant Wealth Partners LLC raised its position in Strategic Education by 17.3% during the first quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider's stock valued at $226,000 after acquiring an additional 396 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Strategic Education by 13.4% in the fourth quarter. HighTower Advisors LLC now owns 2,777 shares of the health services provider's stock worth $259,000 after acquiring an additional 329 shares during the last quarter. Finally, NBC Securities Inc. grew its stake in shares of 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 worth $264,000 after acquiring an additional 3,150 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Stock Performance

NASDAQ:STRA traded up $0.88 on Tuesday, hitting $79.78. 17,724 shares of the stock were exchanged, compared to its average volume of 171,015. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 0.92 and a beta of 0.52. Strategic Education Inc. has a 52 week low of $74.28 and a 52 week high of $121.49. The company's 50-day moving average price is $84.45 and its 200 day moving average price is $86.96.

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were paid a $0.60 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.01%. Strategic Education's dividend payout ratio (DPR) is presently 51.28%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on STRA. Barrington Research restated an "outperform" rating and issued a $105.00 price objective on shares of Strategic Education in a research note on Tuesday, July 22nd. Truist Financial set a $105.00 price objective on Strategic Education in a report on Thursday, April 24th. BMO Capital Markets lifted their price objective on Strategic Education from $97.00 to $98.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Wall Street Zen raised Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 25th.

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.