Van Lanschot Kempen Investment Management N.V. Buys 70,743 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Van Lanschot Kempen Investment Management N.V. lifted its stake in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 618,286 shares of the health services provider's stock after buying an additional 70,743 shares during the period. Van Lanschot Kempen Investment Management N.V. owned approximately 2.52% of Strategic Education worth $57,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in STRA. Wilmington Savings Fund Society FSB acquired a new stake in shares of Strategic Education during the 3rd quarter worth approximately $37,000. R Squared Ltd acquired a new stake in shares of Strategic Education in the 4th quarter valued at $42,000. Smartleaf Asset Management LLC increased its stake in shares of Strategic Education by 394.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider's stock valued at $44,000 after purchasing an additional 383 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Strategic Education by 809.1% during the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock worth $65,000 after buying an additional 623 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of Strategic Education during the 4th quarter worth $96,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com raised Strategic Education from a "hold" rating to a "buy" rating in a research note on Friday. Truist Financial set a $105.00 target price on shares of Strategic Education in a research report on Thursday. BMO Capital Markets dropped their price target on Strategic Education from $114.00 to $97.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Finally, Barrington Research reissued an "outperform" rating and set a $120.00 price objective on shares of Strategic Education in a report on Tuesday, April 15th.

Insider Buying and Selling at Strategic Education

In related news, General Counsel Lizette Benedi Herraiz sold 1,452 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $82.21, for a total value of $119,368.92. Following the transaction, the general counsel now owns 61,716 shares in the company, valued at $5,073,672.36. The trade was a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert R. Grusky sold 1,494 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $80.27, for a total value of $119,923.38. Following the sale, the director now owns 11,349 shares of the company's stock, valued at approximately $910,984.23. The trade was a 11.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,826 shares of company stock valued at $3,945,093. 3.30% of the stock is currently owned by company insiders.

Strategic Education Stock Up 1.1 %

Shares of STRA stock traded up $0.91 during trading hours on Friday, hitting $80.93. 221,119 shares of the company's stock traded hands, compared to its average volume of 152,924. The stock has a market cap of $2.00 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The stock's 50 day simple moving average is $83.28 and its 200 day simple moving average is $91.06. Strategic Education, Inc. has a 12 month low of $74.28 and a 12 month high of $123.62.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its earnings results on Thursday, April 24th. The health services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.29. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business had revenue of $303.59 million during the quarter, compared to analyst estimates of $300.67 million. As a group, equities research analysts expect that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.97%. The ex-dividend date is Friday, May 23rd. Strategic Education's payout ratio is presently 51.39%.

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.