Wedge Capital Management L L P NC Has $1.46 Million Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Wedge Capital Management L L P NC boosted its stake in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 32.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,376 shares of the health services provider's stock after acquiring an additional 4,290 shares during the period. Wedge Capital Management L L P NC owned about 0.07% of Strategic Education worth $1,459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in Strategic Education by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the health services provider's stock valued at $281,000 after purchasing an additional 191 shares in the last quarter. Bank of Montreal Can lifted its holdings in Strategic Education by 7.5% in the fourth quarter. Bank of Montreal Can now owns 3,542 shares of the health services provider's stock valued at $331,000 after acquiring an additional 246 shares during the period. Swiss National Bank boosted its position in shares of Strategic Education by 0.7% during the 4th quarter. Swiss National Bank now owns 46,038 shares of the health services provider's stock worth $4,301,000 after purchasing an additional 300 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Strategic Education by 13.4% in the 4th quarter. HighTower Advisors LLC now owns 2,777 shares of the health services provider's stock valued at $259,000 after purchasing an additional 329 shares in the last quarter. Finally, Semanteon Capital Management LP lifted its stake in shares of Strategic Education by 2.7% in the fourth quarter. Semanteon Capital Management LP now owns 12,771 shares of the health services provider's stock valued at $1,193,000 after purchasing an additional 336 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Strategic Education Stock Down 0.7%

NASDAQ STRA traded down $0.57 on Thursday, reaching $83.95. 22,317 shares of the stock traded hands, compared to its average volume of 155,283. Strategic Education, Inc. has a 12 month low of $74.28 and a 12 month high of $121.60. The firm's fifty day simple moving average is $84.77 and its 200 day simple moving average is $90.26. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.22 and a beta of 0.54.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The health services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.29. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The company had revenue of $303.59 million during the quarter, compared to analyst estimates of $300.67 million. During the same quarter last year, the firm posted $1.11 EPS. The business's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were given a dividend of $0.60 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 2.86%. Strategic Education's dividend payout ratio is presently 51.28%.

Insider Activity at Strategic Education

In other news, Director Robert R. Grusky sold 1,494 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $80.27, for a total value of $119,923.38. Following the sale, the director now owns 11,349 shares in the company, valued at approximately $910,984.23. This trade represents a 11.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on STRA. Wall Street Zen upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. BMO Capital Markets raised their price objective on Strategic Education from $97.00 to $98.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Barrington Research restated an "outperform" rating and set a $120.00 price objective on shares of Strategic Education in a report on Tuesday, April 15th. Finally, Truist Financial set a $105.00 target price on Strategic Education in a report on Thursday, April 24th.

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.