Charles Schwab Investment Management Inc. Purchases 2,534 Shares of Strategic Education Inc. $STRA

Charles Schwab Investment Management Inc. boosted its position in Strategic Education Inc. (NASDAQ:STRA) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 327,210 shares of the health services provider’s stock after purchasing an additional 2,534 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.35% of Strategic Education worth $27,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in STRA. Barclays PLC lifted its stake in 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. Teacher Retirement System of Texas lifted its stake in Strategic Education by 229.3% in the first quarter. Teacher Retirement System of Texas now owns 65,113 shares of the health services provider’s stock worth $5,467,000 after purchasing an additional 45,341 shares during the last quarter. Lightrock Netherlands B.V. lifted its stake in Strategic Education by 86.4% in the first quarter. Lightrock Netherlands B.V. now owns 91,804 shares of the health services provider’s stock worth $7,721,000 after purchasing an additional 42,542 shares during the last quarter. Royal Bank of Canada lifted its stake in Strategic Education by 6.2% in the fourth quarter. Royal Bank of Canada now owns 589,053 shares of the health services provider’s stock worth $55,029,000 after purchasing an additional 34,608 shares during the last quarter. Finally, Bastion Asset Management Inc. raised its stake in shares of Strategic Education by 286.9% during the first quarter. Bastion Asset Management Inc. now owns 45,914 shares of the health services provider’s stock valued at $3,773,000 after acquiring an additional 34,048 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STRA. BMO Capital Markets decreased their price target 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. Barrington Research reaffirmed an “outperform” rating and set a $105.00 price target on shares of Strategic Education in a research note on Wednesday, July 30th. Truist Financial set a $105.00 price target on shares of Strategic Education in a research note on Thursday, April 24th. Finally, Wall Street Zen downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $99.33.

Strategic Education Stock Up 0.5%

Shares of STRA stock opened at $79.37 on Wednesday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 0.93 and a beta of 0.58. The company’s 50 day moving average is $80.59 and its 200 day moving average is $84.81. Strategic Education Inc. has a 52-week low of $72.25 and a 52-week high of $104.51.

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 the consensus estimate of $1.42 by $0.10. The company had revenue of $321.47 million for the quarter, compared to analyst estimates of $322.84 million. Strategic Education had a net margin of 9.27% and a return on equity of 7.52%. Strategic Education’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company posted $1.33 earnings per share. Analysts anticipate that Strategic Education Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.0%. Strategic Education’s dividend payout ratio is presently 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.