New York State Teachers Retirement System Reduces Position in Strategic Education, Inc. (NASDAQ:STRA)

New York State Teachers Retirement System decreased its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,298 shares of the health services provider’s stock after selling 400 shares during the quarter. New York State Teachers Retirement System’s holdings in Strategic Education were worth $3,538,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of STRA. State of Wyoming purchased a new stake in shares of Strategic Education during the fourth quarter worth $33,000. Tower Research Capital LLC TRC boosted its position in shares of Strategic Education by 140.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 656 shares of the health services provider’s stock valued at $49,000 after acquiring an additional 383 shares during the last quarter. VisionPoint Advisory Group LLC boosted its position in shares of Strategic Education by 27.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock valued at $82,000 after acquiring an additional 236 shares during the last quarter. US Bancorp DE boosted its position in shares of Strategic Education by 585.2% during the 1st quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock valued at $86,000 after acquiring an additional 1,106 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Strategic Education by 16.0% during 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 acquiring an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Truist Financial upped their target price on shares of Strategic Education from $92.00 to $110.00 and gave the company a “hold” rating in a research report on Friday, March 1st. TheStreet raised shares of Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. BMO Capital Markets upped their target price on shares of Strategic Education from $103.00 to $123.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Barrington Research reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Strategic Education in a research report on Tuesday, April 9th. Finally, StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Strategic Education currently has a consensus rating of “Moderate Buy” and an average target price of $120.50.

Insider Buying and Selling

In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the sale, the chief executive officer now directly owns 161,359 shares in the company, valued at $15,488,850.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Daniel Wayne Jackson sold 3,713 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total transaction of $356,262.35. Following the sale, the chief financial officer now directly owns 71,770 shares in the company, valued at $6,886,331.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the sale, the chief executive officer now owns 161,359 shares in the company, valued at $15,488,850.41. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Strategic Education Stock Down 2.0 %

Shares of NASDAQ:STRA opened at $98.45 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $2.42 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 1.17 and a beta of 0.50. The firm’s 50-day moving average is $100.67 and its two-hundred day moving average is $92.63. Strategic Education, Inc. has a 1 year low of $64.53 and a 1 year high of $111.95.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, February 29th. The health services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.34. The company had revenue of $302.70 million for the quarter, compared to analyst estimates of $297.48 million. Strategic Education had a net margin of 6.16% and a return on equity of 5.52%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. Analysts predict that Strategic Education, Inc. will post 4.6 EPS for the current year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 11th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.40 dividend on an annualized basis and a yield of 2.44%. Strategic Education’s dividend payout ratio (DPR) is presently 82.76%.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It 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.