SG Americas Securities LLC Has $982,000 Stock Position in Strategic Education Inc. $STRA

SG Americas Securities LLC lifted its stake in shares of Strategic Education Inc. (NASDAQ:STRA) by 492.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,421 shares of the health services provider’s stock after buying an additional 9,493 shares during the period. SG Americas Securities LLC’s holdings in Strategic Education were worth $982,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of STRA. Arrowstreet Capital Limited Partnership increased its position in Strategic Education by 56.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 262,035 shares of the health services provider’s stock valued at $22,307,000 after acquiring an additional 94,955 shares during the period. Pallas Capital Advisors LLC acquired a new stake in Strategic Education in the second quarter valued at $312,000. Burgundy Asset Management Ltd. raised its position in Strategic Education by 3.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,524,317 shares of the health services provider’s stock worth $129,765,000 after purchasing an additional 48,486 shares during the last quarter. Cerity Partners LLC grew its position in shares of Strategic Education by 1,939.3% in the 2nd quarter. Cerity Partners LLC now owns 114,954 shares of the health services provider’s stock valued at $9,786,000 after buying an additional 109,317 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Strategic Education by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 263,217 shares of the health services provider’s stock valued at $22,408,000 after buying an additional 4,116 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a report on Wednesday, October 8th. Barrington Research reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Strategic Education in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.33.

Strategic Education Stock Down 0.7%

Shares of STRA opened at $83.92 on Monday. The business’s fifty day moving average is $80.33 and its 200 day moving average is $80.36. Strategic Education Inc. has a 12-month low of $72.25 and a 12-month high of $104.51. The stock has a market cap of $1.97 billion, a P/E ratio of 17.45, a P/E/G ratio of 0.86 and a beta of 0.57.

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

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.40 annualized dividend and a dividend yield of 2.9%. Strategic Education’s dividend payout ratio is 49.90%.

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.