D.A. Davidson & CO. purchased a new position in shares of Strategic Education, Inc. (NASDAQ:STRA – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,196 shares of the health services provider’s stock, valued at approximately $329,000.
A number of other hedge funds have also recently added to or reduced their stakes in STRA. Rice Hall James & Associates LLC boosted its holdings in Strategic Education by 3.2% during the first quarter. Rice Hall James & Associates LLC now owns 276,273 shares of the health services provider’s stock worth $18,339,000 after buying an additional 8,438 shares in the last quarter. Bank of New York Mellon Corp raised its position in Strategic Education by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 420,922 shares of the health services provider’s stock worth $27,940,000 after acquiring an additional 12,646 shares during the period. US Bancorp DE raised its position in Strategic Education by 585.2% during the first quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock worth $86,000 after acquiring an additional 1,106 shares during the period. Citigroup Inc. raised its position in Strategic Education by 9.7% during the first quarter. Citigroup Inc. now owns 19,819 shares of the health services provider’s stock worth $1,316,000 after acquiring an additional 1,746 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Strategic Education by 16.0% during the first 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. 95.33% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
STRA has been the subject of several recent analyst reports. VNET Group restated a “reiterates” rating on shares of Strategic Education in a research report on Friday. Bank of America cut their price objective on shares of Strategic Education from $103.00 to $99.00 in a research report on Sunday. Barrington Research restated an “outperform” rating and set a $110.00 price objective on shares of Strategic Education in a research report on Friday, April 14th. Truist Financial raised their price objective on shares of Strategic Education from $75.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, February 24th. Finally, TheStreet raised shares of Strategic Education from a “c” rating to a “b-” rating in a research note on Wednesday, February 1st. Three 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 presently has an average rating of “Hold” and a consensus target price of $95.50.
Strategic Education Trading Up 2.4 %
Shares of STRA stock opened at $90.07 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.57. The firm has a market cap of $2.21 billion, a PE ratio of 57.74, a price-to-earnings-growth ratio of 1.47 and a beta of 0.63. The company has a 50-day moving average of $88.65 and a two-hundred day moving average of $84.12. Strategic Education, Inc. has a 1-year low of $59.43 and a 1-year high of $98.22.
Strategic Education (NASDAQ:STRA – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The health services provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Strategic Education had a net margin of 3.54% and a return on equity of 3.26%. The business had revenue of $256.61 million during the quarter, compared to analyst estimates of $259.34 million. During the same quarter last year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts predict that Strategic Education, Inc. will post 3.12 EPS for the current year.
Strategic Education Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 5th. Stockholders of record on Friday, May 26th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Thursday, May 25th. Strategic Education’s payout ratio is 153.85%.
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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