Handelsbanken Fonder AB lowered its position in Strategic Education, Inc. (NASDAQ:STRA – Get Rating) by 30.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,160 shares of the health services provider’s stock after selling 1,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Strategic Education were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STRA. Rice Hall James & Associates LLC lifted its stake in Strategic Education by 3.2% in the first quarter. Rice Hall James & Associates LLC now owns 276,273 shares of the health services provider’s stock valued at $18,339,000 after buying an additional 8,438 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Strategic Education by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 420,922 shares of the health services provider’s stock worth $27,940,000 after acquiring an additional 12,646 shares during the period. US Bancorp DE grew its holdings in Strategic Education by 585.2% during the first quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock worth $86,000 after acquiring an additional 1,106 shares during the period. Citigroup Inc. grew its holdings in Strategic Education by 9.7% during the first quarter. Citigroup Inc. now owns 19,819 shares of the health services provider’s stock worth $1,316,000 after acquiring an additional 1,746 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings 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 valued at $95,000 after purchasing an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.
Strategic Education Stock Performance
Shares of NASDAQ:STRA opened at $82.11 on Monday. The company has a market cap of $2.02 billion, a P/E ratio of 52.63, a PEG ratio of 1.39 and a beta of 0.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.57 and a current ratio of 1.48. Strategic Education, Inc. has a one year low of $59.43 and a one year high of $98.22. The business’s 50-day simple moving average is $88.02 and its 200 day simple moving average is $84.63.
Strategic Education (NASDAQ:STRA – Get Rating) last announced its earnings results on Thursday, April 27th. The health services provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $256.61 million for the quarter, compared to the consensus estimate of $259.34 million. Strategic Education had a return on equity of 3.26% and a net margin of 3.54%. The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. On average, sell-side analysts forecast that Strategic Education, Inc. will post 3.12 earnings per share for the current fiscal year.
Strategic Education Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date is Thursday, May 25th. This represents a $2.40 dividend on an annualized basis and a yield of 2.92%. Strategic Education’s dividend payout ratio (DPR) is presently 153.85%.
Analyst Ratings Changes
A number of analysts recently commented on the company. Barrington Research reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Strategic Education in a research note on Friday, April 14th. StockNews.com began coverage on Strategic Education in a research report 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 research report on Wednesday, February 1st. Bank of America reduced their target price on Strategic Education from $103.00 to $99.00 in a research report on Sunday, April 30th. Finally, VNET Group restated a “reiterates” rating on shares of Strategic Education in a report on Friday, April 28th. Three investment 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 stock currently has a consensus rating of “Hold” and an average price target of $95.50.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Strategic Education, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Strategic Education wasn’t on the list.
While Strategic Education currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: marketbeat.com
