Vanguard Group Inc. Sells 42,106 Shares of Strategic Education Inc. $STRA

Vanguard Group Inc. reduced its position in shares of Strategic Education Inc. (NASDAQ:STRA) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,751,579 shares of the health services provider’s stock after selling 42,106 shares during the period. Vanguard Group Inc. owned about 11.39% of Strategic Education worth $231,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STRA. Sterling Capital Management LLC raised its position in shares of Strategic Education by 809.1% during the fourth quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider’s stock worth $65,000 after purchasing an additional 623 shares during the period. Significant Wealth Partners LLC lifted its holdings in Strategic Education by 17.3% during the 1st quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider’s stock worth $226,000 after purchasing an additional 396 shares in the last quarter. NBC Securities Inc. lifted its holdings in Strategic Education by 105,000.0% during the 1st quarter. NBC Securities Inc. now owns 3,153 shares of the health services provider’s stock worth $264,000 after purchasing an additional 3,150 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Strategic Education by 36.7% in the 1st quarter. International Assets Investment Management LLC now owns 3,251 shares of the health services provider’s stock valued at $273,000 after acquiring an additional 872 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Strategic Education by 7.5% during the 4th quarter. Bank of Montreal Can now owns 3,542 shares of the health services provider’s stock valued at $331,000 after purchasing an additional 246 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Strategic Education Stock Up 0.8%

Shares of Strategic Education stock opened at $78.99 on Tuesday. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 0.92 and a beta of 0.58. Strategic Education Inc. has a 52 week low of $72.25 and a 52 week high of $104.51. The stock’s 50-day simple moving average is $80.66 and its 200-day simple moving average is $84.85.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Wednesday, July 30th. The health services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Strategic Education had a return on equity of 7.52% and a net margin of 9.27%. The business had revenue of $321.47 million for the quarter, compared to the consensus estimate of $322.84 million. During the same period in the prior year, the business posted $1.33 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts expect 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, September 15th. Shareholders of record on Friday, September 5th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, September 5th. Strategic Education’s dividend payout ratio (DPR) is 49.90%.

Analyst Ratings Changes

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

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.