Strategic Education, Inc. (NASDAQ:STRA) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its position in Strategic Education, Inc. (NASDAQ:STRA – Get Rating) by 75.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,261 shares of the health services provider’s stock after acquiring an additional 3,972 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Strategic Education were worth $569,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of STRA. Clear Street Markets LLC acquired a new stake in Strategic Education during the 2nd quarter worth $42,000. US Bancorp DE boosted its stake in shares of 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 buying an additional 1,106 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Strategic Education by 16.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider’s stock worth $95,000 after buying an additional 199 shares during the last quarter. GHE LLC acquired a new position in Strategic Education in the 2nd quarter valued at about $142,000. Finally, KBC Group NV purchased a new stake in Strategic Education during the 2nd quarter valued at approximately $142,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Stock Performance

Shares of STRA opened at $91.35 on Wednesday. Strategic Education, Inc. has a 52-week low of $48.01 and a 52-week high of $91.48. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $2.23 billion, a PE ratio of 44.13, a P/E/G ratio of 1.71 and a beta of 0.53. The company has a 50-day simple moving average of $82.19 and a 200-day simple moving average of $72.67.

Strategic Education (NASDAQ:STRA – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The health services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.08. Strategic Education had a return on equity of 4.14% and a net margin of 4.69%. The firm had revenue of $263.10 million during the quarter, compared to analysts’ expectations of $260.41 million. During the same period in the previous year, the firm posted $0.59 earnings per share. Strategic Education’s revenue was down 2.6% on a year-over-year basis. Equities research analysts predict that Strategic Education, Inc. will post 2.66 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 5th. Stockholders of record on Monday, November 28th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, November 25th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.63%. Strategic Education’s dividend payout ratio (DPR) is 115.94%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on STRA. StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd. BMO Capital Markets raised their target price on shares of Strategic Education from $82.00 to $88.00 in a research note on Friday, November 11th.

About Strategic Education

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Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company operates Strayer University that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice 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 an executive MBA online through its Jack Welch Management Institute.