Tower Research Capital LLC TRC Reduces Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Tower Research Capital LLC TRC lessened its position in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 83.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 763 shares of the health services provider's stock after selling 3,717 shares during the quarter. Tower Research Capital LLC TRC's holdings in Strategic Education were worth $71,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in STRA. Vanguard Group Inc. grew its holdings in shares of Strategic Education by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 2,793,685 shares of the health services provider's stock worth $260,986,000 after purchasing an additional 45,421 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Strategic Education by 4.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 397,265 shares of the health services provider's stock worth $37,113,000 after acquiring an additional 15,638 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Strategic Education by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 324,676 shares of the health services provider's stock worth $30,331,000 after purchasing an additional 10,949 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Strategic Education by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 272,253 shares of the health services provider's stock valued at $25,434,000 after buying an additional 12,961 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Strategic Education by 207.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,141 shares of the health services provider's stock valued at $16,362,000 after buying an additional 118,151 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Trading Up 1.2 %

Shares of NASDAQ STRA opened at $89.26 on Friday. The stock has a market cap of $2.16 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.22 and a beta of 0.52. The stock has a 50 day moving average of $81.79 and a two-hundred day moving average of $90.89. Strategic Education, Inc. has a twelve month low of $74.28 and a twelve month high of $121.68.

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

Strategic Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, May 23rd. Strategic Education's dividend payout ratio is presently 51.28%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, 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 sale, the chief executive officer now owns 140,281 shares of the company's stock, valued at $13,723,690.23. The trade was a 18.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Lizette Benedi Herraiz sold 1,452 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $82.21, for a total transaction of $119,368.92. Following the transaction, the general counsel now owns 61,716 shares in the company, valued at approximately $5,073,672.36. This trade represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,826 shares of company stock valued at $3,945,093. 3.30% of the stock is owned by company insiders.

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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