Y Intercept Hong Kong Ltd Reduces Stake in Strategic Education Inc. (NASDAQ:STRA)

Key Points

• Y Intercept Hong Kong Ltd reduced its holdings in Strategic Education Inc. by 47.9%, resulting in ownership of 6,099 shares valued at approximately $512,000.
• Strategic Education reported earnings of $1.30 per share, exceeding expectations significantly, with revenue reaching $303.59 million for the quarter.
• The company announced a quarterly dividend of $0.60 per share, representing an annualized yield of 3.06% and a dividend payout ratio of 51.28%.

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) by 47.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,099 shares of the health services provider's stock after selling 5,616 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Strategic Education were worth $512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC raised its holdings 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 valued at $65,000 after acquiring an additional 623 shares in the last quarter. Covestor Ltd grew its stake in shares of Strategic Education by 44.0% during the fourth quarter. Covestor Ltd now owns 1,431 shares of the health services provider's stock worth $134,000 after acquiring an additional 437 shares during the last quarter. Significant Wealth Partners LLC grew its stake in shares of 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 worth $226,000 after acquiring an additional 396 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Strategic Education by 13.4% during 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. boosted its position 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 buying an additional 3,150 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Strategic Education Price Performance

NASDAQ STRA traded up $0.50 during mid-day trading on Monday, hitting $78.90. The stock had a trading volume of 213,720 shares, compared to its average volume of 169,551. The firm's 50 day moving average is $84.45 and its 200 day moving average is $86.96. Strategic Education Inc. has a twelve month low of $74.28 and a twelve month high of $121.60. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.92 and a beta of 0.52.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.01 by $0.29. Strategic Education had a return on equity of 7.29% and a net margin of 9.14%. The firm had revenue of $303.59 million during the quarter, compared to the consensus estimate of $300.67 million. During the same period in the prior year, the company earned $1.11 EPS. The firm's revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.04%. The ex-dividend date was Friday, May 23rd. Strategic Education's dividend payout ratio is currently 51.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on STRA shares. BMO Capital Markets upped their target price on Strategic Education from $97.00 to $98.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Wall Street Zen raised Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Barrington Research reissued an "outperform" rating and issued a $105.00 price target on shares of Strategic Education in a report on Tuesday, July 22nd. Finally, Truist Financial set a $105.00 target price on Strategic Education in a research note on Thursday, April 24th.

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.