Credit Suisse AG Grows Stock Position in Strategic Education, Inc. (NASDAQ:STRA)

Credit Suisse AG increased its stake in shares of Strategic Education, Inc. (NASDAQ:STRA – Get Rating) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,737 shares of the health services provider’s stock after purchasing an additional 469 shares during the quarter. Credit Suisse AG owned 0.09% of Strategic Education worth $1,397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STRA. Wipfli Financial Advisors LLC acquired a new stake in shares of Strategic Education in the 3rd quarter worth $47,000. Allspring Global Investments Holdings LLC raised its holdings in Strategic Education by 15.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,135 shares of the health services provider’s stock worth $69,000 after purchasing an additional 156 shares in the last quarter. US Bancorp DE lifted its position in Strategic Education by 585.2% in the first quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock valued at $86,000 after purchasing an additional 1,106 shares during the period. PNC Financial Services Group Inc. boosted its holdings in 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 valued at $95,000 after purchasing an additional 199 shares in the last quarter. Finally, Gladius Capital Management LP boosted its holdings in Strategic Education by 77.4% in the 2nd quarter. Gladius Capital Management LP now owns 2,072 shares of the health services provider’s stock valued at $147,000 after purchasing an additional 904 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Stock Up 0.9 %

STRA opened at $86.03 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 44.35, a PEG ratio of 1.72 and a beta of 0.60. Strategic Education, Inc. has a one year low of $56.47 and a one year high of $98.22. The business’s fifty day moving average is $88.77 and its two-hundred day moving average is $77.22.

Strategic Education (NASDAQ:STRA – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The health services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.15). The firm had revenue of $269.90 million for the quarter, compared to analyst estimates of $271.68 million. Strategic Education had a return on equity of 3.65% and a net margin of 4.38%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS. Analysts anticipate that Strategic Education, Inc. will post 3.21 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 13th. Stockholders of record on Monday, March 6th will be given a $0.60 dividend. The ex-dividend date is Friday, March 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.79%. Strategic Education’s dividend payout ratio is presently 123.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on STRA. StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. BMO Capital Markets raised their target price on Strategic Education from $82.00 to $88.00 in a report on Friday, November 11th. Truist Financial upped their price target on shares of Strategic Education from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, February 24th. TheStreet upgraded shares of Strategic Education from a “c” rating to a “b-” rating in a research note on Wednesday, February 1st. Finally, Barrington Research boosted their price objective on shares of Strategic Education from $85.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $94.33.

Strategic Education Company Profile

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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.