The Alaska Department of Revenue reduced its stake in Strategic Education, Inc. (NASDAQ:STRA – Free Report) by 1.4% in the fourth quarter, HoldingsChannel reported. The company owned 13,519 shares of the medical services provider's stock after selling 186 shares during the period. The Alaska Department of Revenue's strategic education assets were valued at $1,248,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also increased or decreased their stakes in the company. Wyoming State bought a new stake in Strategic Education in the 4th quarter valued at $33,000. Tower Research Capital LLC TRC increased his holdings in Strategic Education by 140.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 656 shares of the medical services provider's stock valued at $49,000 after acquiring an additional 383 shares during the period. VisionPoint Advisory Group LLC purchased a new position in Strategic Education in the 2nd quarter valued at approximately $58,000. US Bancorp DE increased its stake in shares of Strategic Education by 585.2% in the 1st quarter. US Bancorp DE bought an additional 1,106 shares of stock during the period and he now owns 1,295 shares of the medical services provider's stock valued at $86,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Strategic Education by 16.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the healthcare services provider's stock valued at $95,000 after purchasing an additional 199 shares in the last quarter. Currently, 93.27% of the stock is owned by hedge funds and other institutional investors.
Strategic Education Stock Performance
STRA opened at $103.48 on Monday. The company's 50 day simple moving average is $100.07 and its 200 day simple moving average is $91.71. The company has a debt-equity ratio of 0.04, a current ratio of 1.57, and a quick ratio of 1.57. The company has a market capitalization of $2.55 billion, a P/E ratio of 35.68x, a PEG ratio of 1.23x, and a beta of 0.50x. Strategic Education, Inc. has a 1 year low of $64.53 and a 1 year high of $111.95.
Strategic Education (NASDAQ:STRA – Get Free Report) last posted its earnings results on Thursday, February 29th. The medical services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.34. Strategic Education had a net profit margin of 6.16% and a return on equity of 5.52%. The company had revenue of $302.70 million for the quarter, compared to the consensus estimate of $297.48 million. In the same period last year, the company's EPS was $0.78. Strategic Education's quarterly revenue increased 12.2% compared to the year-ago period. Stock analysts expect that Strategic Education, Inc.'s earnings per share for the current fiscal year will be 4.63.
Notice regarding strategic education dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 11th were paid a $0.60 dividend. This equates to an annualized dividend of $2.40 and a dividend yield of 2.32%. The ex-dividend date for this dividend was Friday, March 8th. Strategic Education's dividend payout ratio (DPR) is 82.76%.
Insider buying and selling
In other Strategic Education news, CEO Raymond Karl McDonnell sold 12,820 shares of the company's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total value of $1,230,591.80. Following the completion of the transaction, the CEO now directly owns 161,359 shares of the company's stock, valued at approximately $15,488,850.41. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be viewed on the SEC's website. In other Strategic Education news, CEO Raymond Karl McDonnell sold 12,820 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the sale, the CEO now owns 161,359 shares of the company's stock, valued at approximately $15,488,850.41. The sale was disclosed in a filing with the SEC, which can be accessed on the SEC's website. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total transaction of $356,262.35. Following the transaction, the chief financial officer now directly owns 71,770 shares of the company's stock, valued at approximately $6,886,331.50. Disclosures regarding this sale can be found here. Currently, 3.10% of his shares are owned by insiders.
Analyst rating changes
A number of research firms have recently published reports on STRA. Barrington Research increased their target price on shares of Strategic Education from $100.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Bank of America raised their target price on shares of Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. BMO Capital Markets increased their target price on Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Truist Financial increased their target price on Strategic Education from $92.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. 1 analyst(s) have rated the stock as a hold and 4 have rated it a buy. According to MarketBeat, Strategic Education has a consensus rating of “Moderate Buy” and a consensus price target of $120.50.
Check out the latest stock analysis for STRA
Strategic Education Profile
(Free report)
Strategic Education, Inc., through its subsidiaries, provides campus-based and online post-secondary education services and programs to develop work-ready skills. The company operates through the U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. The company operates Strayer University, which offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses in the eastern United States and online. Non-degree web and mobile application development courses through Hackbright Academy and Devmountain. Earn your MBA online through the Jack Welch Management Institute.
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Curious if other hedge funds own STRA? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Strategic Education, Inc. (NASDAQ:STRA – Free Report).
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