SG Americas Securities LLC increased its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA – Get Rating) by 586.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,434 shares of the health services provider’s stock after buying an additional 11,477 shares during the period. SG Americas Securities LLC owned about 0.05% of Strategic Education worth $1,052,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its position in 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 buying an additional 156 shares during the period. Castleview Partners LLC boosted its position in Strategic Education by 4.7% during the 4th quarter. Castleview Partners LLC now owns 3,590 shares of the health services provider’s stock worth $281,000 after buying an additional 161 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Strategic Education by 16.0% in 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. Handelsbanken Fonder AB lifted its position in shares of Strategic Education by 4.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 4,560 shares of the health services provider’s stock worth $280,000 after purchasing an additional 200 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Strategic Education by 10.1% in the 2nd quarter. LPL Financial LLC now owns 3,603 shares of the health services provider’s stock worth $254,000 after purchasing an additional 331 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on STRA shares. Truist Financial boosted their price target on shares of Strategic Education from $75.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, February 24th. TheStreet upgraded shares of Strategic Education from a “c” rating to a “b-” rating in a research report on Wednesday, February 1st. StockNews.com started coverage on shares of Strategic Education in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Barrington Research restated an “outperform” rating and issued a $110.00 price target on shares of Strategic Education in a research report on Friday, April 14th. Finally, Bank of America began coverage on shares of Strategic Education in a research note on Thursday, April 13th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $94.33.
Strategic Education Stock Performance
NASDAQ:STRA opened at $89.98 on Friday. The company has a fifty day moving average of $88.86 and a 200-day moving average of $83.46. The firm has a market capitalization of $2.21 billion, a P/E ratio of 46.38, a P/E/G ratio of 1.51 and a beta of 0.63. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.06. Strategic Education, Inc. has a twelve month low of $59.43 and a twelve month high of $98.22.
Strategic Education (NASDAQ:STRA – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The health services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.15). The business had revenue of $269.90 million for the quarter, compared to the consensus estimate of $271.68 million. Strategic Education had a net margin of 4.38% and a return on equity of 3.65%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 EPS. As a group, sell-side analysts anticipate that Strategic Education, Inc. will post 3.22 EPS for the current year.
Strategic Education Dividend Announcement
The firm also recently declared 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. This represents a $2.40 dividend on an annualized basis and a yield of 2.67%. Strategic Education’s dividend payout ratio (DPR) is presently 123.71%.
Strategic Education Company 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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