Citigroup Inc. increased its position in Strategic Education, Inc. (NASDAQ:STRA – Get Rating) by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,452 shares of the health services provider’s stock after buying an additional 2,827 shares during the quarter. Citigroup Inc. owned 0.06% of Strategic Education worth $1,210,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its position in shares of Strategic Education by 15.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,135 shares of the health services provider’s stock worth $69,000 after buying an additional 156 shares during the period. Castleview Partners LLC raised its position in Strategic Education by 4.7% in the fourth quarter. Castleview Partners LLC now owns 3,590 shares of the health services provider’s stock worth $281,000 after acquiring an additional 161 shares during the period. Arizona State Retirement System raised its position in Strategic Education by 2.5% in the fourth quarter. Arizona State Retirement System now owns 6,604 shares of the health services provider’s stock worth $517,000 after acquiring an additional 161 shares during the period. PNC Financial Services Group Inc. raised its position in Strategic Education by 16.0% in 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. Finally, Swiss National Bank raised its position in shares of Strategic Education by 0.5% during the 4th quarter. Swiss National Bank now owns 56,538 shares of the health services provider’s stock valued at $4,428,000 after purchasing an additional 300 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 topic of a number of research reports. TheStreet downgraded shares of Strategic Education from a “b-” rating to a “c+” rating in a report on Friday, May 12th. Bank of America dropped their price target on shares of Strategic Education from $103.00 to $99.00 in a research note on Sunday, April 30th. StockNews.com started coverage on shares of Strategic Education in a research note on Thursday, May 18th. They set a “hold” rating for the company. VNET Group reaffirmed a “reiterates” rating on shares of Strategic Education in a research note on Friday, April 28th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $110.00 price target on shares of Strategic Education in a research note on Friday, April 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $95.50.
Strategic Education Stock Up 1.3 %
STRA stock opened at $79.39 on Monday. The firm’s fifty day simple moving average is $86.44 and its 200-day simple moving average is $85.63. The company has a market capitalization of $1.95 billion, a P/E ratio of 50.89, a price-to-earnings-growth ratio of 1.41 and a beta of 0.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.48. Strategic Education, Inc. has a 12 month low of $59.43 and a 12 month high of $98.22.
Strategic Education (NASDAQ:STRA – Get Rating) last announced its quarterly 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 the consensus estimate of $259.34 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities research analysts forecast that Strategic Education, Inc. will post 2.96 earnings per share for the current year.
Strategic Education Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 5th. Investors of record on Friday, May 26th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Thursday, May 25th. Strategic Education’s dividend payout ratio (DPR) is presently 153.85%.
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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