Zurcher Kantonalbank Zurich Cantonalbank Has $435,000 Stock Position in Strategic Education, Inc. (NASDAQ:STRA)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Strategic Education, Inc. (NASDAQ:STRA) by 24.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,711 shares of the health services provider’s stock after buying an additional 924 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Strategic Education were worth $435,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STRA. Everence Capital Management Inc. bought a new stake in shares of Strategic Education during the fourth quarter worth approximately $236,000. Louisiana State Employees Retirement System acquired a new position in shares of Strategic Education in the 4th quarter valued at $1,016,000. International Assets Investment Management LLC increased its holdings in Strategic Education by 6,377.0% in the fourth quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider’s stock valued at $16,459,000 after purchasing an additional 175,431 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Strategic Education by 4.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 16,246 shares of the health services provider’s stock valued at $1,517,000 after buying an additional 667 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in Strategic Education by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 17,924 shares of the health services provider’s stock worth $1,656,000 after buying an additional 142 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Strategic Education news, Director Robert R. Grusky sold 462 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $120.99, for a total transaction of $55,897.38. Following the transaction, the director now owns 11,945 shares of the company’s stock, valued at approximately $1,445,225.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the completion of the sale, the chief executive officer now owns 161,359 shares in the company, valued at $15,488,850.41. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert R. Grusky sold 462 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $120.99, for a total transaction of $55,897.38. Following the transaction, the director now owns 11,945 shares in the company, valued at $1,445,225.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,995 shares of company stock worth $1,642,752. Corporate insiders own 3.10% of the company’s stock.

Strategic Education Price Performance

Shares of STRA opened at $120.65 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. Strategic Education, Inc. has a twelve month low of $64.53 and a twelve month high of $121.29. The stock has a market capitalization of $2.97 billion, a P/E ratio of 28.59, a P/E/G ratio of 1.30 and a beta of 0.45. The company has a 50 day moving average of $103.64 and a 200-day moving average of $95.16.

Strategic Education (NASDAQ:STRA) last released its earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.51. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. The business had revenue of $290.25 million during the quarter, compared to the consensus estimate of $274.02 million. As a group, equities research analysts forecast that Strategic Education, Inc. will post 4.83 EPS for the current fiscal year.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, May 23rd. Strategic Education’s dividend payout ratio is currently 56.87%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TheStreet upgraded shares of Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. StockNews.com raised shares of Strategic Education from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Truist Financial raised their price objective on Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Bank of America lifted their target price on Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, BMO Capital Markets lifted their target price on Strategic Education from $123.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $133.50.

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.