Arizona State Retirement System Has $445,000 Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Arizona State Retirement System lowered its stake in Strategic Education, Inc. (NASDAQ:STRA) by 2.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,562 shares of the health services provider’s stock after selling 169 shares during the period. Arizona State Retirement System’s holdings in Strategic Education were worth $445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in STRA. State of Wyoming acquired a new stake in shares of Strategic Education in the fourth quarter worth about $33,000. Nisa Investment Advisors LLC lifted its position in shares of Strategic Education by 148.1% in the first quarter. Nisa Investment Advisors LLC now owns 536 shares of the health services provider’s stock worth $48,000 after buying an additional 320 shares during the last quarter. US Bancorp DE lifted its position in shares of Strategic Education by 585.2% in 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 last quarter. PNC Financial Services Group Inc. lifted its position in shares of 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 worth $95,000 after buying an additional 199 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Strategic Education by 55.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,729 shares of the health services provider’s stock worth $155,000 after purchasing an additional 618 shares during the last quarter. Institutional investors and hedge funds own 97.53% of the company’s stock.

Strategic Education Price Performance

Shares of STRA stock opened at $87.06 on Monday. The stock has a 50 day moving average of $78.45 and a two-hundred day moving average of $76.81. The company has a current ratio of 1.32, a quick ratio of 1.45 and a debt-to-equity ratio of 0.04. Strategic Education, Inc. has a 12 month low of $64.53 and a 12 month high of $98.22. The company has a market capitalization of $2.13 billion, a P/E ratio of 42.68, a P/E/G ratio of 1.42 and a beta of 0.52.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 27th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.76%. Strategic Education’s payout ratio is presently 117.65%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Truist Financial restated a “hold” rating and set a $85.00 target price on shares of Strategic Education in a research note on Tuesday, September 19th. StockNews.com assumed coverage on Strategic Education in a research note on Thursday, October 5th. They set a “hold” rating for the company. Barrington Research increased their target price on Strategic Education from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Bank of America upgraded Strategic Education from a “neutral” rating to a “buy” rating and decreased their target price for the company from $99.00 to $90.00 in a research note on Friday, August 18th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $90.75.

Strategic Education 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.