Deutsche Bank AG Sells 7,653 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Deutsche Bank AG reduced its stake in Strategic Education, Inc. (NASDAQ:STRA) by 25.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,107 shares of the health services provider’s stock after selling 7,653 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Strategic Education worth $2,065,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of STRA. R Squared Ltd purchased a new stake in Strategic Education in the fourth quarter worth about $42,000. Smartleaf Asset Management LLC grew its stake in shares of Strategic Education by 394.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider’s stock valued at $44,000 after acquiring an additional 383 shares during the period. Sterling Capital Management LLC increased its holdings in Strategic Education by 809.1% in the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider’s stock worth $65,000 after acquiring an additional 623 shares in the last quarter. Pacer Advisors Inc. bought a new stake in Strategic Education during the 4th quarter worth approximately $96,000. Finally, KBC Group NV lifted its holdings in Strategic Education by 53.3% during the fourth quarter. KBC Group NV now owns 1,044 shares of the health services provider’s stock valued at $98,000 after purchasing an additional 363 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Insider Buying and Selling at Strategic Education

In related news, Director Robert R. Grusky sold 1,494 shares of the company’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $80.27, for a total transaction of $119,923.38. Following the sale, the director now owns 11,349 shares of the company’s stock, valued at $910,984.23. This represents a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of Strategic Education stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the completion of the transaction, the chief executive officer now directly owns 140,281 shares of the company’s stock, valued at $13,723,690.23. The trade was a 18.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,826 shares of company stock worth $3,945,093 in the last quarter. 3.30% of the stock is owned by corporate insiders.

Strategic Education Stock Performance

STRA stock opened at $87.57 on Friday. The company’s fifty day moving average price is $83.24 and its 200-day moving average price is $91.01. Strategic Education, Inc. has a one year low of $74.28 and a one year high of $121.60. The company has a market capitalization of $2.12 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.22 and a beta of 0.52.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.01 by $0.29. The business had revenue of $303.59 million for the quarter, compared to analysts’ expectations of $300.67 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.11 EPS. On average, research analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Friday, May 23rd. Strategic Education’s payout ratio is presently 51.28%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on STRA. Barrington Research reissued an “outperform” rating and issued a $120.00 price objective on shares of Strategic Education in a research note on Tuesday, April 15th. Truist Financial set a $105.00 price target on Strategic Education in a report on Thursday, April 24th. BMO Capital Markets boosted their price objective on Strategic Education from $97.00 to $98.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. Finally, Wall Street Zen upgraded Strategic Education from a “hold” rating to a “buy” rating in a research report on Friday, April 25th.

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. 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.