Bank of New York Mellon Corp raised its position in Strategic Education, Inc. (NASDAQ:STRA – Get Rating) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 403,630 shares of the health services provider’s stock after purchasing an additional 3,011 shares during the period. Bank of New York Mellon Corp owned 1.65% of Strategic Education worth $24,788,000 as of its most recent filing with the Securities and Exchange Commission.
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A number of other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of Strategic Education by 4.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,650,052 shares of the health services provider’s stock valued at $257,621,000 after purchasing an additional 163,841 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Strategic Education by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 2,538,802 shares of the health services provider’s stock valued at $168,526,000 after buying an additional 103,533 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Strategic Education by 12.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 857,808 shares of the health services provider’s stock valued at $52,680,000 after buying an additional 91,577 shares in the last quarter. State Street Corp boosted its holdings in shares of Strategic Education by 0.7% in the 2nd quarter. State Street Corp now owns 841,568 shares of the health services provider’s stock valued at $59,398,000 after buying an additional 5,730 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Strategic Education by 3.2% in the 3rd quarter. Royal Bank of Canada now owns 421,074 shares of the health services provider’s stock valued at $25,858,000 after buying an additional 12,888 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on STRA. Truist Financial upped their target price on shares of Strategic Education from $75.00 to $85.00 and gave the company a “hold” rating in a report on Friday, February 24th. StockNews.com began coverage on shares of Strategic Education in a report on Thursday, March 16th. They issued a “hold” rating for the company. Barrington Research upped their target price on shares of Strategic Education from $85.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. Finally, TheStreet upgraded shares of Strategic Education from a “c” rating to a “b-” rating in a report on Wednesday, February 1st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $94.33.
Strategic Education Stock Down 0.9 %
Shares of NASDAQ:STRA opened at $86.55 on Thursday. The stock has a market cap of $2.13 billion, a P/E ratio of 44.61, a P/E/G ratio of 1.94 and a beta of 0.60. The firm has a fifty day moving average price of $89.34 and a 200 day moving average price of $79.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.57 and a quick ratio of 1.57. 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 issued its quarterly earnings results on Wednesday, February 22nd. The health services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.15). Strategic Education had a return on equity of 3.65% and a net margin of 4.38%. The business had revenue of $269.90 million for the quarter, compared to analyst estimates of $271.68 million. During the same quarter in the prior year, the company earned $1.15 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Sell-side analysts predict that Strategic Education, Inc. will post 3.01 EPS for the current year.
Strategic Education Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 13th. Stockholders of record on Monday, March 6th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, March 3rd. Strategic Education’s dividend payout ratio (DPR) is presently 123.71%.
About Strategic Education
Strategic Education, Inc engages in the provision of educational services. It operates through the following segments: Strayer University, Capella University, and Non-Degree Programs. The Strayer University segment includes programs offered through the Jack Welch Management Institute. The company was founded in 1892 and is headquartered in Herndon, VA.
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