Rice Hall James & Associates LLC trimmed its position in Strategic Education, Inc. (NASDAQ:STRA – Get Rating) by 70.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,653 shares of the health services provider’s stock after selling 71,879 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.12% of Strategic Education worth $2,322,000 as of its most recent SEC filing.
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Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of Strategic Education by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 420,922 shares of the health services provider’s stock valued at $27,940,000 after purchasing an additional 12,646 shares during the last quarter. US Bancorp DE boosted its stake in Strategic Education by 585.2% in the first quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock valued at $86,000 after acquiring an additional 1,106 shares during the last quarter. Citigroup Inc. boosted its stake in Strategic Education by 9.7% in the first quarter. Citigroup Inc. now owns 19,819 shares of the health services provider’s stock valued at $1,316,000 after acquiring an additional 1,746 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Strategic Education by 16.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider’s stock worth $95,000 after acquiring an additional 199 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Strategic Education by 34.5% during the 1st quarter. Bank of Montreal Can now owns 10,479 shares of the health services provider’s stock valued at $721,000 after acquiring an additional 2,687 shares during the last quarter. 95.33% of the stock is owned by institutional investors.
Strategic Education Stock Performance
STRA stock opened at $90.35 on Friday. Strategic Education, Inc. has a 1-year low of $59.43 and a 1-year high of $98.22. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.06. The firm has a market cap of $2.22 billion, a PE ratio of 46.57, a P/E/G ratio of 2.00 and a beta of 0.63. The business’s 50-day moving average price is $89.19 and its two-hundred day moving average price is $80.64.
Strategic Education (NASDAQ:STRA – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The health services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.15). Strategic Education had a net margin of 4.38% and a return on equity of 3.65%. The business had revenue of $269.90 million for the quarter, compared to the consensus estimate of $271.68 million. During the same quarter last year, the firm earned $1.15 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts forecast that Strategic Education, Inc. will post 3.01 earnings per share for the current year.
Strategic Education Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 13th. Stockholders of record on Monday, March 6th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Friday, March 3rd. Strategic Education’s dividend payout ratio (DPR) is presently 123.71%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Truist Financial lifted their price objective on Strategic Education from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, February 24th. Barrington Research boosted their target price on Strategic Education from $85.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. TheStreet upgraded shares of Strategic Education from a “c” rating to a “b-” rating in a research report on Wednesday, February 1st. Finally, StockNews.com started coverage on shares of Strategic Education in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $94.33.
About Strategic Education
Strategic Education, Inc engages in the provision of educational services. It provides access to education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills. The firm operates through three segments: U.S. Higher Education, Education Technology Services and Australia/New Zealand.
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