ProShare Advisors LLC bought a new stake in Strategic Education, Inc. (NASDAQ:STRA – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,571 shares of the health services provider’s stock, valued at approximately $280,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wipfli Financial Advisors LLC purchased a new stake in Strategic Education in the 3rd quarter valued at approximately $47,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Strategic Education by 15.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,135 shares of the health services provider’s stock worth $69,000 after purchasing an additional 156 shares during the period. US Bancorp DE lifted its stake in shares of Strategic Education by 585.2% during the 1st quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock worth $86,000 after purchasing an additional 1,106 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of 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 purchasing an additional 199 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Strategic Education during the 3rd quarter worth $107,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.
Strategic Education Stock Performance
Shares of STRA stock opened at $82.46 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.57 and a current ratio of 1.48. The company’s 50-day simple moving average is $88.23 and its 200-day simple moving average is $84.25. Strategic Education, Inc. has a one year low of $59.43 and a one year high of $98.22. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 52.86, a PEG 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 analysts’ consensus estimates of $0.22 by $0.02. Strategic Education had a net margin of 3.54% and a return on equity of 3.26%. The firm had revenue of $256.61 million for the quarter, compared to analysts’ expectations of $259.34 million. During the same quarter last year, the company posted $0.54 earnings per share. Strategic Education’s revenue was down .9% on a year-over-year basis. Equities analysts anticipate that Strategic Education, Inc. will post 3.12 earnings per share for the current fiscal year.
Strategic Education Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Friday, May 26th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $2.40 dividend on an annualized basis and a yield of 2.91%. Strategic Education’s dividend payout ratio is currently 153.85%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on STRA. StockNews.com began coverage on Strategic Education in a research note on Thursday, March 16th. They set a “hold” rating on the stock. TheStreet upgraded Strategic Education from a “c” rating to a “b-” rating in a report on Wednesday, February 1st. VNET Group restated a “reiterates” rating on shares of Strategic Education in a report on Friday, April 28th. Bank of America dropped their price objective on Strategic Education from $103.00 to $99.00 in a report on Sunday. Finally, Truist Financial upped their price objective on Strategic Education from $75.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, February 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Strategic Education presently has an average rating of “Hold” and an average target price of $95.50.
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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Source: defenseworld.net
