Holdings Channel.com reports that International Assets Investment Management LLC increased its stake in Strategic Education, Inc. (NASDAQ:STRA – Free Report) by 6,377.0% in the 4th quarter. The institutional investor now owns 178,182 shares of the healthcare services provider's stock after purchasing an additional 175,431 shares during the quarter. International Asset Investment Management LLC's Strategic Education segment's holdings were valued at $16,459,000 as of its latest SEC filing.
Other hedge funds also changed their holdings in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of Strategic Education by 3.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,676 shares of the healthcare services provider's stock valued at $879,000 after purchasing an additional 349 shares during the period. Cantonal Bank of Zurich Cantonal Bank of Zurich grew its holdings in the Strategic Education sector by 30.9% in the 3rd quarter. Zurich Kantner Bank Zurich Kantner Bank now owns 3,787 shares of the healthcare services provider's stock valued at $285,000 after purchasing an additional 894 shares in the last quarter. TD Asset Management Inc increased its stake in Strategic Education by 11.3% in the 3rd quarter. TD Asset Management Inc. now owns 31,626 shares of the medical services provider's stock valued at $2,380,000 after purchasing an additional 3,200 shares during the period. Panagora Asset Management Inc. acquired a new position in the Strategic Education category during the 3rd quarter valued at $278,000. Finally, Nisa Investment Advisors LLC boosted its position in the Strategic Education category by 17.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,416 shares of the healthcare services provider's stock valued at $408,000 after purchasing an additional 800 shares during the last quarter. Currently, 93.27% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Share Their Opinions
A number of brokerage firms have recently published reports on STRA. Barrington Research increased their target price on Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Bank of America increased their target price on shares of Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. TheStreet upgraded Strategic Education from a “c+” rating to a “b” rating in a report on Thursday, February 29th. Finally, Truist Financial increased their target price on Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. According to MarketBeat.com, 5 equity research analysts have rated the stock a “buy,” and the company's current consensus rating is a “buy,” with a consensus price target of $133.50.
Check out our latest analysis for STRA
Strategic education price performance
NASDAQ:STRA stock opened Friday at $120.65. The company's 50 day moving average is $104.15 and its 200 day moving average is $95.43. The company has a market capitalization of $2.97 billion, a P/E ratio of 28.59, a PEG ratio of 1.34, and a beta of 0.45. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04. Strategic Education, Inc. has a 52-week low of $64.53 and a 52-week high of $121.29.
Strategic Education (NASDAQ:STRA – Get Free Report) last posted its earnings results on Thursday, April 25th. The medical services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.60 by $0.51. The company had revenue of $290.25 million for the quarter, compared to analyst expectations of $274.02 million. Strategic Education had a return on equity of 6.78% and a net profit margin of 8.70%. Analysts expect Strategic Education, Inc. to post 4.83 earnings per share for the current year.
Strategic Education announces dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. The shareholder of record on Friday, May 24th will receive a dividend of $0.60 per share. This equates to an annual dividend of $2.40 and a dividend yield of 1.99%. The ex-dividend date is Thursday, May 23rd. Strategic Education's dividend payout ratio (DPR) is currently 56.87%.
Insider Trading at Strategic Education
In other news, CEO Raymond Carl McDonnell sold 12,820 shares of Strategic Education 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 transaction, 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 Securities and Exchange Commission, which can be accessed on the SEC's website. In other news, Director Robert R. Grusky sold 462 shares of the company's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $120.99, for a total transaction of $55,897.38. Following the sale, the director now owns 11,945 shares of the company's stock, valued at $1,445,225.55. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. Also, 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. Disclosures regarding this sale can be found here. Over the past 90 days, insiders have sold 16,995 shares of company stock, valued at $1,642,752. Company insiders own 3.10% of the company's stock.
About strategic education
(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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