Raymond James Financial Services Advisors, Inc. reduced its holdings in Strategic Education, Inc. (NASDAQ:STRA – Free Report) by 2.4% during the fourth quarter, Holdings Channel reports. The fund now owns 11,401 shares of the medical services provider's stock after selling 275 shares during the period. Raymond James Financial Services Advisors, Inc.'s Strategic Education division's holdings were valued at $1,053,000 as of its latest SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their holdings in STRA. Wyoming purchased a new strategic education position in the 4th quarter valued at approximately $33,000. Tower Research Capital LLC TRC grew its holdings in Strategic Education by 140.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 656 shares of the healthcare services provider's stock valued at $49,000 after acquiring an additional 383 shares in the last quarter. VisionPoint Advisory Group LLC increased its position in shares of Strategic Education by 27.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the healthcare services provider's stock valued at $82,000 after purchasing an additional 236 shares during the last quarter. US Bancorp DE increased its position in shares of Strategic Education by 585.2% in the 1st quarter. US Bancorp DE now owns 1,295 shares of the medical services provider's stock valued at $86,000 after purchasing an additional 1,106 shares during the last quarter. 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 held by institutional investors.
Wall Street analysts predict growth
STRA has been the subject of several analyst reports. TheStreet upgraded shares of Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. Bank of America increased their target price on shares of Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Trust Financial increased their target price on shares of Strategic Education from $92.00 to $110.00 and gave the company a “hold” rating in a research report on Friday, March 1st. BMO Capital Markets increased their target price on shares of Strategic Education from $103.00 to $123.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, Barrington Research reissued an “outperform” rating and set a $125.00 target price on shares of Strategic Education in a research report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and three have rated it with a buy rating. The stock has an average rating of “Moderate Buy” and an average price target of $120.50, according to MarketBeat data.
Check out the latest research report on STRA.
Insiders place bets
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 transaction of $1,230,591.80. Following the closing, 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 legal filing with the Securities and Exchange Commission, which can be accessed through this link. 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 transaction of $1,230,591.80. Following the closing, 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 legal filing with the Securities and Exchange Commission, which can be accessed through this link. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the company's stock in a transaction on Tuesday, February 27th. The stock was 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 $6,886,331.50. Disclosures regarding this sale can be found here. 3.10% of the shares are currently owned by insiders.
Strategic Education Stock Performance
Strategic Education shares opened at $98.45 on Monday. The company has a market capitalization of $2.42 billion, a P/E ratio of 33.95x, a PEG ratio of 1.17x, and a beta of 0.50x. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. The company's 50-day moving average price is $100.67 and its 200-day moving average price is $92.63. Strategic Education, Inc. has a 52-week low of $64.53 and a 52-week high of $111.95.
Strategic Education (NASDAQ:STRA – Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The medical services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.34 by $0.34. The company had revenue of $302.7 million for the quarter, compared to analyst estimates of $297.48 million. Strategic Education had a net profit margin of 6.16% and a return on equity of 5.52%. Strategic Education's revenue increased 12.2% year over year. In the same period last year, the company's EPS was $0.78. Sell-side analysts expect Strategic Education, Inc.'s EPS for the current year to be 4.6.
Notice regarding strategic education dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 11th, he was awarded a dividend of $0.60 per share. This equates to his $2.40 dividend and his 2.44% yield on an annualized basis. The ex-dividend date was Friday, March 8th. Strategic Education's payout ratio is currently 82.76%.
Strategic Education Company 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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