GAMMA Investing LLC Raises Stake in Strategic Education, Inc. (NASDAQ:STRA)

GAMMA Investing LLC raised its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA) by 9,128.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,167 shares of the health services provider’s stock after purchasing an additional 11,046 shares during the quarter. GAMMA Investing LLC’s holdings in Strategic Education were worth $938,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in STRA. Norges Bank bought a new stake in shares of Strategic Education during the fourth quarter valued at about $15,715,000. Arrowstreet Capital Limited Partnership increased its position in shares of Strategic Education by 207.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 175,141 shares of the health services provider’s stock worth $16,362,000 after purchasing an additional 118,151 shares during the last quarter. Barclays PLC increased its position in shares of Strategic Education by 202.3% in the fourth quarter. Barclays PLC now owns 114,765 shares of the health services provider’s stock worth $10,720,000 after purchasing an additional 76,804 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. increased its position in shares of Strategic Education by 12.9% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,286 shares of the health services provider’s stock worth $57,760,000 after purchasing an additional 70,743 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Strategic Education by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 2,793,685 shares of the health services provider’s stock worth $260,986,000 after purchasing an additional 45,421 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert R. Grusky sold 1,494 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $80.27, for a total transaction of $119,923.38. Following the completion of the sale, the director now owns 11,349 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

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

Strategic Education Stock Performance

NASDAQ:STRA opened at $84.07 on Tuesday. The firm has a market cap of $2.03 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.22 and a beta of 0.54. Strategic Education, Inc. has a fifty-two week low of $74.28 and a fifty-two week high of $121.60. The business has a 50 day moving average price of $85.18 and a 200-day moving average price of $89.82.

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, beating analysts’ consensus estimates of $1.01 by $0.29. The firm had revenue of $303.59 million during the quarter, compared to analyst estimates of $300.67 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 earnings per share. Research analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Friday, May 23rd. Strategic Education’s dividend payout ratio (DPR) is presently 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.