Northern Trust Corp Has $21.60 Million Position in Strategic Education Inc. $STRA

Northern Trust Corp lessened its position in Strategic Education Inc. (NASDAQ:STRA) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,232 shares of the health services provider’s stock after selling 2,739 shares during the period. Northern Trust Corp owned 1.06% of Strategic Education worth $21,597,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Strategic Education by 2.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,708 shares of the health services provider’s stock worth $1,467,000 after purchasing an additional 336 shares in the last quarter. Significant Wealth Partners LLC increased its stake in shares of Strategic Education by 17.3% in the first quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider’s stock valued at $226,000 after buying an additional 396 shares during the period. D.A. Davidson & CO. increased its stake in shares of Strategic Education by 3.7% in the first quarter. D.A. Davidson & CO. now owns 11,107 shares of the health services provider’s stock valued at $933,000 after buying an additional 399 shares during the period. Versor Investments LP increased its stake in shares of Strategic Education by 16.0% in the first quarter. Versor Investments LP now owns 4,111 shares of the health services provider’s stock valued at $345,000 after buying an additional 566 shares during the period. Finally, Wakefield Asset Management LLLP increased its stake in shares of Strategic Education by 8.0% in the first quarter. Wakefield Asset Management LLLP now owns 8,357 shares of the health services provider’s stock valued at $702,000 after buying an additional 619 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on STRA shares. BMO Capital Markets decreased their price target on Strategic Education from $98.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Wall Street Zen cut Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Barrington Research reissued an “outperform” rating and issued a $105.00 price target on shares of Strategic Education in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $99.33.

Strategic Education Price Performance

NASDAQ STRA opened at $81.35 on Tuesday. The business has a 50 day simple moving average of $79.95 and a 200 day simple moving average of $83.50. Strategic Education Inc. has a one year low of $72.25 and a one year high of $104.51. The stock has a market capitalization of $1.94 billion, a P/E ratio of 16.91, a P/E/G ratio of 0.96 and a beta of 0.69.

Strategic Education (NASDAQ:STRA) last released its earnings results on Wednesday, July 30th. The health services provider reported $1.52 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $322.84 million. During the same quarter last year, the firm posted $1.33 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Equities analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be issued a $0.60 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.40 annualized dividend and a yield of 3.0%. Strategic Education’s dividend payout ratio is presently 49.90%.

Insider Transactions at Strategic Education

In other Strategic Education news, Director G Thomas Waite III sold 700 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $81.69, for a total value of $57,183.00. Following the transaction, the director owned 15,926 shares in the company, valued at approximately $1,300,994.94. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.30% of the company’s stock.

Strategic Education 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.