Exchange Traded Concepts LLC Purchases New Stake in Strategic Education Inc. $STRA

Exchange Traded Concepts LLC acquired a new position in shares of Strategic Education Inc. (NASDAQ:STRA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,850 shares of the health services provider’s stock, valued at approximately $847,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Strategic Education by 148.9% during the 2nd quarter. GAMMA Investing LLC now owns 331 shares of the health services provider’s stock worth $28,000 after buying an additional 198 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Strategic Education by 85.2% in the 2nd quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock valued at $33,000 after acquiring an additional 178 shares during the period. Assetmark Inc. lifted its position in Strategic Education by 54.3% during the second quarter. Assetmark Inc. now owns 395 shares of the health services provider’s stock worth $34,000 after acquiring an additional 139 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Strategic Education during the first quarter worth approximately $82,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Strategic Education during the second quarter worth approximately $94,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Strategic Education Price Performance

Shares of NASDAQ STRA opened at $81.15 on Monday. The stock has a market capitalization of $1.91 billion, a PE ratio of 16.87, a P/E/G ratio of 0.91 and a beta of 0.57. Strategic Education Inc. has a fifty-two week low of $72.25 and a fifty-two week high of $104.51. The business has a fifty day moving average price of $79.39 and a two-hundred day moving average price of $80.62.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Thursday, November 6th. The health services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.33. The business had revenue of $319.95 million during the quarter, compared to the consensus estimate of $315.40 million. Strategic Education had a return on equity of 8.18% and a net margin of 9.08%.Strategic Education’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 earnings per share. On average, equities analysts expect that Strategic Education Inc. will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, December 1st. Strategic Education’s dividend payout ratio is 49.90%.

Wall Street Analyst Weigh In

STRA has been the topic of a number of recent research reports. Wall Street Zen upgraded Strategic Education from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Strategic Education in a research report on Monday, September 8th. Barrington Research reissued an “outperform” rating and set a $105.00 target price on shares of Strategic Education in a report on Thursday, December 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Strategic Education in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Strategic Education presently has a consensus rating of “Moderate Buy” and an average price target of $99.33.

Strategic Education Profile

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.