PNC Financial Services Group Inc. Trims Stock Position in Strategic Education Inc. $STRA

PNC Financial Services Group Inc. lessened its stake in shares of Strategic Education Inc. (NASDAQ:STRA) by 43.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,693 shares of the health services provider’s stock after selling 1,316 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Strategic Education were worth $142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STRA. Wells Fargo & Company MN increased its stake in shares of Strategic Education by 21.2% during the fourth quarter. Wells Fargo & Company MN now owns 39,603 shares of the health services provider’s stock worth $3,700,000 after acquiring an additional 6,935 shares during the period. Bank of Montreal Can lifted its holdings in Strategic Education by 7.5% in the fourth quarter. Bank of Montreal Can now owns 3,542 shares of the health services provider’s stock valued at $331,000 after acquiring an additional 246 shares during the period. Invesco Ltd. boosted its holdings in Strategic Education by 5.5% during the fourth quarter. Invesco Ltd. now owns 152,828 shares of the health services provider’s stock worth $14,277,000 after buying an additional 7,923 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. Finally, Sterling Capital Management LLC lifted its position 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 valued at $65,000 after acquiring an additional 623 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on STRA shares. Wall Street Zen cut Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Truist Financial set a $105.00 price target on Strategic Education in a research note on Thursday, April 24th. Barrington Research reissued an “outperform” rating and issued a $105.00 price objective on shares of Strategic Education in a research note on Wednesday, July 30th. Finally, BMO Capital Markets dropped their price objective on shares of Strategic Education from $98.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, August 1st.

Strategic Education Trading Up 0.8%

Strategic Education stock opened at $78.99 on Tuesday. Strategic Education Inc. has a 52 week low of $72.25 and a 52 week high of $104.51. The stock has a market cap of $1.89 billion, a PE ratio of 16.42, a P/E/G ratio of 0.92 and a beta of 0.58. The stock has a 50-day moving average price of $80.66 and a 200 day moving average price of $84.85.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Wednesday, July 30th. The health services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $321.47 million for the quarter, compared to analyst estimates of $322.84 million. Strategic Education had a return on equity of 7.52% and a net margin of 9.27%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS. On average, equities analysts predict that Strategic Education Inc. will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.40 annualized dividend and a yield of 3.0%. Strategic Education’s dividend payout ratio (DPR) is 49.90%.

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.