Asset Management One Co. Ltd. purchased a new position in Strategic Education, Inc. (NASDAQ:STRA – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,488 shares of the health services provider’s stock, valued at approximately $1,496,000. Asset Management One Co. Ltd. owned about 0.08% of Strategic Education at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in Strategic Education by 15.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,135 shares of the health services provider’s stock valued at $69,000 after purchasing an additional 156 shares in the last quarter. Castleview Partners LLC lifted its position in Strategic Education by 4.7% during the fourth quarter. Castleview Partners LLC now owns 3,590 shares of the health services provider’s stock valued at $281,000 after purchasing an additional 161 shares in the last quarter. PNC Financial Services Group Inc. lifted 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 valued at $95,000 after purchasing an additional 199 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Strategic Education by 4.6% during the third quarter. Handelsbanken Fonder AB now owns 4,560 shares of the health services provider’s stock valued at $280,000 after acquiring an additional 200 shares during the period. Finally, LPL Financial LLC raised its holdings in Strategic Education by 10.1% during the second quarter. LPL Financial LLC now owns 3,603 shares of the health services provider’s stock valued at $254,000 after acquiring an additional 331 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.
Strategic Education Trading Down 0.1 %
Shares of STRA stock opened at $82.46 on Thursday. Strategic Education, Inc. has a 12-month low of $59.43 and a 12-month high of $98.22. The company has a current ratio of 1.48, a quick ratio of 1.57 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average price is $88.23 and its 200-day moving average price is $84.25. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 52.86, a price-to-earnings-growth ratio of 1.47 and a beta of 0.63.
Strategic Education (NASDAQ:STRA – Get Rating) last issued its earnings results on Thursday, April 27th. The health services provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. Strategic Education had a return on equity of 3.26% and a net margin of 3.54%. The firm had revenue of $256.61 million for the quarter, compared to analysts’ expectations of $259.34 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. Equities research analysts predict that Strategic Education, Inc. will post 3.12 EPS for the current fiscal year.
Strategic Education Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Friday, May 26th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, May 25th. This represents a $2.40 annualized dividend and a yield of 2.91%. Strategic Education’s payout ratio is currently 153.85%.
Analyst Ratings Changes
A number of research firms have commented on STRA. Barrington Research reissued an “outperform” rating and set a $110.00 price target on shares of Strategic Education in a report on Friday, April 14th. Bank of America decreased their price target on Strategic Education from $103.00 to $99.00 in a report on Sunday. TheStreet raised Strategic Education from a “c” rating to a “b-” rating in a report on Wednesday, February 1st. Truist Financial raised their price target on Strategic Education from $75.00 to $85.00 and gave the company a “hold” rating in a report on Friday, February 24th. Finally, VNET Group reissued a “reiterates” rating on shares of Strategic Education in a report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $95.50.
Strategic Education Profile
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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