Millennium Management LLC Sells 71,917 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Millennium Management LLC reduced its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 68.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,506 shares of the health services provider’s stock after selling 71,917 shares during the quarter. Millennium Management LLC owned 0.13% of Strategic Education worth $3,037,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STRA. R Squared Ltd purchased a new position in shares of Strategic Education in the fourth quarter worth approximately $42,000. Smartleaf Asset Management LLC raised its position in Strategic Education by 394.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider’s stock worth $44,000 after acquiring an additional 383 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Strategic Education by 809.1% during 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 during the last quarter. Pacer Advisors Inc. purchased a new position in shares of Strategic Education during the 4th quarter worth $96,000. Finally, KBC Group NV grew its position in shares of Strategic Education by 53.3% during the 4th quarter. KBC Group NV now owns 1,044 shares of the health services provider’s stock valued at $98,000 after acquiring an additional 363 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on STRA. Truist Financial set a $105.00 target price on Strategic Education in a research report on Thursday, April 24th. BMO Capital Markets raised their price objective on Strategic Education from $97.00 to $98.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Barrington Research reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Strategic Education in a research report on Tuesday, April 15th. Finally, Wall Street Zen raised shares of Strategic Education from a “hold” rating to a “buy” rating in a report on Friday, April 25th.

Insider Buying and Selling at Strategic Education

In related news, Director Robert R. Grusky sold 1,494 shares of the business’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $80.27, for a total value of $119,923.38. Following the sale, the director now directly owns 11,349 shares in the company, valued at approximately $910,984.23. The trade was a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Lizette Benedi Herraiz sold 1,452 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $82.21, for a total value of $119,368.92. Following the transaction, the general counsel now directly owns 61,716 shares of the company’s stock, valued at approximately $5,073,672.36. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by insiders.

Strategic Education Stock Performance

STRA opened at $91.24 on Friday. Strategic Education, Inc. has a fifty-two week low of $74.28 and a fifty-two week high of $121.60. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.22 and a beta of 0.52. The firm’s fifty day moving average is $84.11 and its 200 day moving average is $90.66.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Thursday, April 24th. The health services provider reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.29. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm had revenue of $303.59 million during the quarter, compared to analyst estimates of $300.67 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts predict that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 2.63%. Strategic Education’s payout ratio is 51.28%.

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. 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.