Atria Wealth Solutions Inc. purchased a new stake in Strategic Education, Inc. (NASDAQ:STRA – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,000 shares of the health services provider’s stock, valued at approximately $269,000.
Several other hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in shares of Strategic Education by 0.9% in the 1st quarter. State Street Corp now owns 808,690 shares of the health services provider’s stock valued at $72,645,000 after buying an additional 7,072 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Strategic Education by 355.3% in the 1st quarter. Squarepoint Ops LLC now owns 26,366 shares of the health services provider’s stock worth $2,368,000 after acquiring an additional 20,575 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Strategic Education by 4.4% in the 1st quarter. Geode Capital Management LLC now owns 452,588 shares of the health services provider’s stock worth $40,656,000 after acquiring an additional 19,076 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Strategic Education by 35.1% in the 1st quarter. Deutsche Bank AG now owns 17,894 shares of the health services provider’s stock worth $1,607,000 after acquiring an additional 4,651 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Strategic Education by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,225,778 shares of the health services provider’s stock worth $199,942,000 after acquiring an additional 157,880 shares during the last quarter. Hedge funds and other institutional investors own 97.53% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on STRA shares. StockNews.com started coverage on shares of Strategic Education in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Bank of America upgraded shares of Strategic Education from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $99.00 to $90.00 in a report on Friday, August 18th. Finally, Truist Financial started coverage on shares of Strategic Education in a report on Friday, May 26th. They issued a “hold” rating and a $85.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.25.
Strategic Education Price Performance
Strategic Education stock opened at $75.54 on Tuesday. The firm has a market cap of $1.85 billion, a PE ratio of 49.70, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56. Strategic Education, Inc. has a 52-week low of $59.92 and a 52-week high of $98.22. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $74.07 and its two-hundred day moving average is $78.99.
Strategic Education (NASDAQ:STRA – Get Free Report) last released its earnings results on Thursday, July 27th. The health services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.16. The company had revenue of $287.70 million for the quarter, compared to analyst estimates of $282.39 million. Strategic Education had a net margin of 3.40% and a return on equity of 3.24%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. On average, research analysts expect that Strategic Education, Inc. will post 3.21 EPS for the current fiscal year.
Strategic Education Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, September 1st were issued a $0.60 dividend. The ex-dividend date was Thursday, August 31st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.18%. Strategic Education’s payout ratio is 157.90%.
Strategic Education Company Profile
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, criminal justice, education, health services, information technology, and public administration 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 MBA online through its Jack Welch Management Institute.
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