Strategic Education Inc. $STRA Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its holdings in Strategic Education Inc. (NASDAQ:STRA) by 2.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,714 shares of the health services provider’s stock after selling 603 shares during the period. Russell Investments Group Ltd. owned approximately 0.11% of Strategic Education worth $2,327,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Marshfield Associates grew its holdings in shares of Strategic Education by 0.4% in the fourth quarter. Marshfield Associates now owns 1,836,491 shares of the health services provider’s stock valued at $171,565,000 after purchasing an additional 6,869 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in shares of Strategic Education by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,258,680 shares of the health services provider’s stock valued at $117,586,000 after purchasing an additional 20,456 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of 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 valued at $55,029,000 after purchasing an additional 34,608 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Strategic Education by 6.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 423,549 shares of the health services provider’s stock worth $35,561,000 after acquiring an additional 26,284 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Strategic Education by 8.3% during the 4th quarter. Nuveen Asset Management LLC now owns 390,539 shares of the health services provider’s stock worth $36,484,000 after acquiring an additional 29,772 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on STRA. Barrington Research reiterated an “outperform” rating and set a $105.00 price target on shares of Strategic Education in a report on Wednesday, July 30th. BMO Capital Markets lowered their price target on shares of Strategic Education from $98.00 to $88.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Finally, Wall Street Zen cut shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Strategic Education currently has an average rating of “Buy” and an average price target of $99.33.

Strategic Education Trading Down 0.3%

Shares of NASDAQ:STRA opened at $81.82 on Tuesday. The company has a market capitalization of $1.96 billion, a PE ratio of 17.01, a P/E/G ratio of 0.96 and a beta of 0.58. Strategic Education Inc. has a twelve month low of $72.25 and a twelve month high of $104.51. The firm has a 50 day simple moving average of $80.32 and a 200-day simple moving average of $84.18.

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

Strategic Education Dividend Announcement

The business also recently disclosed 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. This represents a $2.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, September 5th. Strategic Education’s payout ratio is currently 49.90%.

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.