D.A. Davidson & CO. Has $1.11 Million Stake in Strategic Education Inc. $STRA

D.A. Davidson & CO. boosted its position in Strategic Education Inc. (NASDAQ:STRA) by 16.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,980 shares of the health services provider’s stock after buying an additional 1,873 shares during the period. D.A. Davidson & CO. owned approximately 0.05% of Strategic Education worth $1,105,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. MSH Capital Advisors LLC lifted its holdings in Strategic Education by 1.2% in the second quarter. MSH Capital Advisors LLC now owns 11,314 shares of the health services provider’s stock valued at $963,000 after buying an additional 137 shares during the period. Significant Wealth Partners LLC lifted its holdings in Strategic Education by 7.0% in the second quarter. Significant Wealth Partners LLC now owns 2,876 shares of the health services provider’s stock valued at $245,000 after buying an additional 187 shares during the period. GAMMA Investing LLC lifted its holdings in Strategic Education by 148.9% in the second quarter. GAMMA Investing LLC now owns 331 shares of the health services provider’s stock valued at $28,000 after buying an additional 198 shares during the period. Comerica Bank lifted its holdings in Strategic Education by 1.7% in the first quarter. Comerica Bank now owns 14,541 shares of the health services provider’s stock valued at $1,221,000 after buying an additional 248 shares during the period. Finally, EntryPoint Capital LLC lifted its holdings in Strategic Education by 2.9% in the first quarter. EntryPoint Capital LLC now owns 12,243 shares of the health services provider’s stock valued at $1,028,000 after buying an additional 341 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Price Performance

NASDAQ:STRA opened at $83.94 on Tuesday. The firm has a 50-day moving average of $82.25 and a 200-day moving average of $82.67. The company has a market cap of $2.01 billion, a PE ratio of 17.45, a PEG ratio of 0.99 and a beta of 0.67. Strategic Education Inc. has a one year low of $72.25 and a one year 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, topping analysts’ consensus estimates of $1.42 by $0.10. Strategic Education had a net margin of 9.27% and a return on equity of 7.52%. The business had revenue of $321.47 million during the quarter, compared to the consensus estimate of $322.84 million. During the same period in the prior year, the firm posted $1.33 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, September 5th. Strategic Education’s dividend payout ratio is presently 49.90%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Strategic Education in a research note on Tuesday, October 21st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Strategic Education in a research note on Monday, September 8th. Wall Street Zen raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategic Education in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Strategic Education has a consensus rating of “Moderate Buy” and a consensus price target of $99.33.

Insider Transactions at Strategic Education

In other news, CFO Daniel Wayne Jackson acquired 1,900 shares of Strategic Education stock in a transaction on Friday, August 29th. The stock was acquired at an average cost of $81.50 per share, with a total value of $154,850.00. Following the transaction, the chief financial officer owned 104,136 shares of the company’s stock, valued at approximately $8,487,084. This trade represents a 1.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director G Thomas Waite III sold 700 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $81.69, for a total transaction of $57,183.00. Following the completion of the sale, the director directly owned 15,926 shares of the company’s stock, valued at $1,300,994.94. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

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.