According to the most recent 13F filing that the State of New Jersey Common Pension Fund D submitted to the Securities and Exchange Commission, the fund established a new position in Strategic Education, Inc. (NASDAQ: STRA) during the third quarter of this year. To purchase 35,246 shares of stock in the health services company, the fund used its total assets to make a payment that amounted to approximately $2,160,000. The most recent filing that the State of New Jersey Common Pension Fund D made with the SEC indicated that the fund owned approximately 0.14 percent of Strategic Education.
Several other hedge funds have adjusted the percentage of their holdings invested in STRA over the past few months in response to market conditions. Rice Hall James & Associates LLC increased its holdings in Strategic Education by 3.2 percent over the first three months of 2018. Rice Hall James & Associates LLC now owns 276,273 stock held by the health services provider after making an additional purchase of 8,438 shares during the most recent quarter. This brings the total number of shares owned by the company to 276.973. There is a value of $18,339,000 attached to these shares. The Bank of New York Mellon Corporation increased the percentage of Strategic Education shares it owned by 3.1% during the first three months of 2018. After purchasing an additional 12,646 shares during the most recent quarter, The Bank of New York Mellon Corp. now owns 420,922 shares of the health services provider’s stock, valued at $27,940,000. These shares were acquired as part of the most recent quarter. By increasing the number of shares it owned in Strategic Education during the first three months of the year, US Bancorp DE was able to increase its stock holdings by 585.2%. US Bancorp DE now has 1,295 shares in the health services provider after purchasing an additional 1,106 shares during the preceding quarter for a total of 1,295. These shares are currently fetching a market price is $86,000. During the first quarter, Citigroup Inc. increased the percentage of Strategic Education shares it owned by 9.7%, bringing the total number of shares it possessed to 1. Citigroup Inc. now has a total of 19,819 shares of the stock of the health services provider after purchasing an additional 1,746 shares during the most recent quarter. Each share of the company’s stock is currently valued at $1,360 due to recent market activity.
Last but not least, during the first quarter of 2018, PNC Financial Services Group Inc. increased the percentage of its ownership stake in Strategic Education by 16.0%. This was the company’s most recent accomplishment. Following the acquisition of 199 additional shares during the most recent quarter, PNC Financial Services Group Inc. now directly owns 1,441 shares of the health services company, which have a value of $95,000. Currently, one share of the company’s stock is worth $95,000. Institutional investors and hedge funds are the current owners of 95.33 percent of the company’s stock.
Recent analyst reports have focused almost exclusively on STRA, making up most of those reports. BMO Capital Markets stated in a report made public on Friday, November 11th, that they had raised their price target for Strategic Education shares to $88, up from $82.00 in the previous price target that they had provided. In a research note published on Thursday, November 3rd, StockNews.com changed the recommendation it had previously given on shares of Strategic Education from a “hold” rating to a “buy” rating. Previously, the recommendation had been to “hold” the shares of Strategic Education.
The price of STRA shares hit an all-time high of $87.78 on Wednesday, setting a new record for the day. The company has a beta coefficient of 0.53, a market capitalization of $2.15 billion, a price-to-earnings ratio of 42.41, and a price-to-earnings-to-growth ratio of 1.72. The price of Strategic Education, Inc. has been as low as $48.01 over the past 52 weeks, while the company’s stock has been as high as $89.76 over the same period. The price of the stock’s simple moving average over the past 200 days comes in at $71.95, while the price o
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