Citigroup Inc. decreased its holdings in Strategic Education, Inc. (NASDAQ:STRA – Free Report) by 50.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,633 shares of the health services provider’s stock after selling 9,743 shares during the quarter. Citigroup Inc.’s holdings in Strategic Education were worth $725,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. GSA Capital Partners LLP lifted its holdings in shares of Strategic Education by 88.4% during the third quarter. GSA Capital Partners LLP now owns 26,938 shares of the health services provider’s stock valued at $2,027,000 after purchasing an additional 12,636 shares during the last quarter. TD Asset Management Inc lifted its stake in Strategic Education by 2.9% in the 2nd quarter. TD Asset Management Inc now owns 28,426 shares of the health services provider’s stock worth $1,928,000 after acquiring an additional 800 shares in the last quarter. Dark Forest Capital Management LP increased its position in Strategic Education by 152.9% in the 3rd quarter. Dark Forest Capital Management LP now owns 9,965 shares of the health services provider’s stock worth $750,000 after purchasing an additional 6,024 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Strategic Education by 3.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,676 shares of the health services provider’s stock worth $879,000 after purchasing an additional 349 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Strategic Education by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,174,235 shares of the health services provider’s stock worth $79,660,000 after purchasing an additional 99,637 shares during the last quarter. Institutional investors own 97.53% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on STRA shares. StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Barrington Research upped their price objective on Strategic Education from $100.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Truist Financial boosted their target price on Strategic Education from $92.00 to $110.00 and gave the company a “hold” rating in a research note on Friday, March 1st. TheStreet raised Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. Finally, Bank of America upped their price objective on Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $120.50.
View Our Latest Stock Analysis on STRA
Insider Buying and Selling
In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the transaction, the chief executive officer now owns 161,359 shares of the company’s stock, valued at $15,488,850.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Daniel Wayne Jackson sold 3,713 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total value of $356,262.35. Following the sale, the chief financial officer now owns 71,770 shares in the company, valued at $6,886,331.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of Strategic Education stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the transaction, the chief executive officer now owns 161,359 shares in the company, valued at approximately $15,488,850.41. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.
Strategic Education Trading Up 1.5 %
NASDAQ STRA opened at $102.94 on Thursday. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 35.50, a price-to-earnings-growth ratio of 1.19 and a beta of 0.51. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. Strategic Education, Inc. has a twelve month low of $64.53 and a twelve month high of $111.95. The business’s fifty day moving average is $97.79 and its 200 day moving average is $89.33.
Strategic Education (NASDAQ:STRA – Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The health services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.34. Strategic Education had a return on equity of 5.52% and a net margin of 6.16%. The business had revenue of $302.70 million during the quarter, compared to the consensus estimate of $297.48 million. During the same quarter in the previous year, the business earned $0.78 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts expect that Strategic Education, Inc. will post 4.63 EPS for the current fiscal year.
Strategic Education Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 11th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.33%. Strategic Education’s dividend payout ratio is currently 82.76%.
Strategic Education Profile
Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.
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Source: defenseworld.net
