Raymond James Financial Inc. acquired a new position in Strategic Education, Inc. (NASDAQ:STRA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,278 shares of the health services provider's stock, valued at approximately $1,708,000. Raymond James Financial Inc. owned approximately 0.07% of Strategic Education at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in Strategic Education by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the health services provider's stock worth $281,000 after purchasing an additional 191 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Strategic Education by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,113 shares of the health services provider's stock worth $758,000 after purchasing an additional 205 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of 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 buying an additional 246 shares during the last quarter. Swiss National Bank lifted its position in 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 buying an additional 300 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings 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 acquiring an additional 329 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.
Strategic Education Stock Performance
Shares of STRA stock traded up $3.37 on Friday, hitting $84.66. The company's stock had a trading volume of 256,045 shares, compared to its average volume of 152,359. The company has a market capitalization of $2.05 billion, a PE ratio of 16.13, a PEG ratio of 1.22 and a beta of 0.52. Strategic Education, Inc. has a fifty-two week low of $74.28 and a fifty-two week high of $123.62. The stock's 50 day moving average is $81.42 and its 200-day moving average is $90.89.
Strategic Education (NASDAQ:STRA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The health services provider reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.29. The company had revenue of $303.59 million during the quarter, compared to the consensus estimate of $300.67 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 earnings per share. On average, research analysts forecast 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 will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.83%. Strategic Education's dividend payout ratio (DPR) is 51.28%.
Insiders Place Their Bets
In related news, Director Robert R. Grusky sold 1,494 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $80.27, for a total transaction of $119,923.38. Following the completion of the sale, the director now directly owns 11,349 shares in the company, valued at $910,984.23. This represents a 11.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of Strategic Education stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total value of $3,116,374.65. Following the completion of the transaction, the chief executive officer now owns 140,281 shares in the company, valued at approximately $13,723,690.23. This represents a 18.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,826 shares of company stock worth $3,945,093 over the last three months. Insiders own 3.30% of the company's stock.
Analysts Set New Price Targets
STRA has been the subject of a number of research reports. StockNews.com raised shares of Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Truist Financial set a $105.00 price target on shares of Strategic Education in a research report on Thursday, April 24th. BMO Capital Markets lifted their price target on Strategic Education from $97.00 to $98.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $120.00 price target on shares of Strategic Education in a research report on Tuesday, April 15th.
Check Out Our Latest Report on STRA
Strategic Education Profile
(
Free Report)
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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