Partnership Wealth Management LLC Makes New Investment in Strategic Education, Inc. (NASDAQ:STRA)

Partnership Wealth Management LLC bought a new position in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,619 shares of the health services provider's stock, valued at approximately $2,128,000. Strategic Education accounts for approximately 1.6% of Partnership Wealth Management LLC's portfolio, making the stock its 19th biggest holding. Partnership Wealth Management LLC owned approximately 0.09% of Strategic Education at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of STRA. Russell Investments Group Ltd. purchased a new position in Strategic Education in the fourth quarter valued at about $73,000. VisionPoint Advisory Group LLC grew its holdings in Strategic Education by 27.8% in the third quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider's stock worth $82,000 after purchasing an additional 236 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Strategic Education during the fourth quarter worth $236,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Strategic Education during the 4th quarter valued at $272,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Strategic Education during the 3rd quarter worth $234,000. Institutional investors own 93.27% of the company's stock.

Strategic Education Stock Performance

Strategic Education stock traded down $0.55 during midday trading on Friday, hitting $120.75. 109,497 shares of the company were exchanged, compared to its average volume of 169,379. Strategic Education, Inc. has a fifty-two week low of $64.53 and a fifty-two week high of $123.62. The firm has a market capitalization of $2.97 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.23 and a beta of 0.45. The business has a fifty day simple moving average of $106.19 and a two-hundred day simple moving average of $97.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.49 and a current ratio of 1.49.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.51. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. The firm had revenue of $290.25 million during the quarter, compared to analyst estimates of $274.02 million. On average, sell-side analysts forecast that Strategic Education, Inc. will post 5.01 earnings per share for the current year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, May 23rd. Strategic Education's payout ratio is currently 56.87%.

Insider Activity

In related news, Director Robert R. Grusky sold 350 shares of the company's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $122.50, for a total value of $42,875.00. Following the completion of the transaction, the director now owns 11,345 shares of the company's stock, valued at approximately $1,389,762.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert R. Grusky sold 350 shares of the business's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $122.50, for a total value of $42,875.00. Following the completion of the sale, the director now owns 11,345 shares of the company's stock, valued at approximately $1,389,762.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert R. Grusky sold 250 shares of the company's stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $118.55, for a total transaction of $29,637.50. Following the transaction, the director now owns 11,695 shares of the company's stock, valued at $1,386,442.25. The disclosure for this sale can be found here. Insiders have sold 17,595 shares of company stock worth $1,715,264 in the last ninety days. Company insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on STRA shares. Barrington Research boosted their price objective on shares of Strategic Education from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, April 25th. Truist Financial increased their price objective on Strategic Education from $125.00 to $145.00 and gave the company a "buy" rating in a report on Friday, April 26th. BMO Capital Markets lifted their target price on Strategic Education from $123.00 to $130.00 and gave the stock an "outperform" rating in a report on Monday, April 29th. TheStreet upgraded shares of Strategic Education from a "c+" rating to a "b" rating in a report on Thursday, February 29th. Finally, StockNews.com upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a research note on Friday, April 26th. Five 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 an average target price of $133.50.

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.

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