Strategic Education Inc. (NASDAQ:STRA) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its position in Strategic Education Inc. (NASDAQ:STRA) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,224 shares of the health services provider’s stock after selling 127 shares during the quarter. Brown Advisory Inc.’s holdings in Strategic Education were worth $690,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STRA. Charles Schwab Investment Management Inc. raised its stake in shares of Strategic Education by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 324,676 shares of the health services provider’s stock worth $30,331,000 after buying an additional 10,949 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Strategic Education in the fourth quarter valued at about $1,708,000. PNC Financial Services Group Inc. lifted its position in shares of Strategic Education by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the health services provider’s stock worth $281,000 after buying an additional 191 shares during the last quarter. Amundi lifted its position in shares of Strategic Education by 174.0% in the fourth quarter. Amundi now owns 12,703 shares of the health services provider’s stock worth $1,182,000 after buying an additional 8,067 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Strategic Education by 13.4% during the 4th quarter. HighTower Advisors LLC now owns 2,777 shares of the health services provider’s stock worth $259,000 after purchasing an additional 329 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Trading Down 0.9%

STRA stock opened at $79.52 on Tuesday. The stock has a 50-day moving average price of $86.65 and a two-hundred day moving average price of $88.02. The stock has a market cap of $1.92 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 0.94 and a beta of 0.52. Strategic Education Inc. has a 1 year low of $74.28 and a 1 year high of $121.60.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, April 24th. The health services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.29. Strategic Education had a return on equity of 7.29% and a net margin of 9.14%. The company had revenue of $303.59 million during the quarter, compared to analysts’ expectations of $300.67 million. During the same quarter last year, the company earned $1.11 EPS. Strategic Education’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts forecast that Strategic Education Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 3.02%. Strategic Education’s dividend payout ratio (DPR) is currently 51.28%.

Insider Transactions at Strategic Education

In other Strategic Education news, Director Robert R. Grusky sold 1,494 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 11,349 shares in the company, valued at $910,984.23. This trade represents a 11.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.