Strategic Education Inc. $STRA Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its position in shares of Strategic Education Inc. (NASDAQ:STRA) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 406,481 shares of the health services provider’s stock after selling 43,097 shares during the quarter. Envestnet Asset Management Inc. owned about 1.70% of Strategic Education worth $34,961,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Lightrock Netherlands B.V. increased its holdings in Strategic Education by 155.7% in the 3rd quarter. Lightrock Netherlands B.V. now owns 234,719 shares of the health services provider’s stock valued at $20,188,000 after purchasing an additional 142,915 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Strategic Education by 56.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 262,035 shares of the health services provider’s stock worth $22,307,000 after buying an additional 94,955 shares during the period. Y Intercept Hong Kong Ltd boosted its position in shares of Strategic Education by 158.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 25,438 shares of the health services provider’s stock worth $2,188,000 after buying an additional 15,588 shares during the period. Burgundy Asset Management Ltd. grew its stake in shares of Strategic Education by 3.3% in the second quarter. Burgundy Asset Management Ltd. now owns 1,524,317 shares of the health services provider’s stock valued at $129,765,000 after buying an additional 48,486 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings 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 period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Stock Performance

Shares of Strategic Education stock opened at $77.27 on Thursday. Strategic Education Inc. has a one year low of $72.25 and a one year high of $104.51. The company has a market cap of $1.81 billion, a PE ratio of 16.06, a P/E/G ratio of 0.83 and a beta of 0.55. The business has a 50-day simple moving average of $82.00 and a 200-day simple moving average of $80.76.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barrington Research restated an “outperform” rating and set a $105.00 target price on shares of Strategic Education in a report on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.33.

Strategic Education Company 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.