Y Intercept Hong Kong Ltd Sells 5,616 Shares of 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 lessened its holdings in Strategic Education Inc. (NASDAQ:STRA - Free Report) by 47.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,099 shares of the health services provider's stock after selling 5,616 shares during the period. Y Intercept Hong Kong Ltd's holdings in Strategic Education were worth $512,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of STRA. Sterling Capital Management LLC grew its position in Strategic Education by 809.1% during the fourth 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 during the period. Covestor Ltd boosted its holdings in shares of Strategic Education by 44.0% in the 4th quarter. Covestor Ltd now owns 1,431 shares of the health services provider's stock valued at $134,000 after buying an additional 437 shares in the last quarter. Significant Wealth Partners LLC raised its position in 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 purchasing an additional 396 shares during the last quarter. HighTower Advisors LLC raised its position in Strategic Education by 13.4% during the 4th quarter. HighTower Advisors LLC now owns 2,777 shares of the health services provider's stock worth $259,000 after buying an additional 329 shares during the last quarter. Finally, NBC Securities Inc. raised its position in Strategic Education by 105,000.0% during the 1st quarter. NBC Securities Inc. now owns 3,153 shares of the health services provider's stock worth $264,000 after buying an additional 3,150 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Strategic Education Stock Down 1.3%

NASDAQ:STRA traded down $0.98 during trading hours on Thursday, reaching $73.28. The company had a trading volume of 72,049 shares, compared to its average volume of 172,415. The stock has a 50-day moving average of $83.95 and a two-hundred day moving average of $86.82. The firm has a market capitalization of $1.77 billion, a PE ratio of 15.66, a PEG ratio of 0.93 and a beta of 0.52. Strategic Education Inc. has a one year low of $72.25 and a one year high of $113.04.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced 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. The company had revenue of $321.47 million for the quarter, compared to analysts' expectations of $322.84 million. Strategic Education had a return on equity of 7.29% and a net margin of 9.14%. The business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 earnings per share. As a group, sell-side analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.28%. Strategic Education's dividend payout ratio is currently 51.28%.

Analyst Upgrades and Downgrades

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

About Strategic Education

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.