Fifth Third Bancorp Grows Position in Strategic Education Inc. $STRA

Fifth Third Bancorp raised its stake in shares of Strategic Education Inc. (NASDAQ:STRA) by 5,873.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 12,425 shares of the health services provider’s stock after purchasing an additional 12,217 shares during the period. Fifth Third Bancorp owned 0.05% of Strategic Education worth $1,031,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Allworth Financial LP raised its stake in shares of Strategic Education by 88.5% in the third quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock worth $25,000 after buying an additional 138 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Strategic Education by 154.2% during the 4th quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock valued at $27,000 after acquiring an additional 202 shares during the period. Osaic Holdings Inc. grew its stake in shares of Strategic Education by 85.2% during 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. Sankala Group LLC purchased a new stake in Strategic Education in the 4th quarter worth approximately $37,000. Finally, Rockefeller Capital Management L.P. increased its holdings in Strategic Education by 305.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 616 shares of the health services provider’s stock worth $49,000 after acquiring an additional 464 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Strategic Education Stock Up 0.9%

NASDAQ STRA opened at $75.64 on Friday. Strategic Education Inc. has a twelve month low of $69.70 and a twelve month high of $87.38. The business has a 50-day moving average price of $78.68 and a 200-day moving average price of $80.21. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 0.70 and a beta of 0.50.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, April 23rd. The health services provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.09). Strategic Education had a net margin of 10.21% and a return on equity of 8.78%. The business had revenue of $305.93 million for the quarter, compared to the consensus estimate of $329.81 million. During the same period last year, the business posted $1.30 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Research analysts expect that Strategic Education Inc. will post 7.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other Strategic Education news, insider Christa Hokenson sold 2,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $80.00, for a total transaction of $160,000.00. Following the completion of the sale, the insider directly owned 65,195 shares of the company’s stock, valued at $5,215,600. This trade represents a 2.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on STRA shares. Wall Street Zen cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Wednesday, June 24th. Truist Financial dropped their price target on shares of Strategic Education from $85.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research note on Friday, July 17th. Barrington Research decreased their price objective on shares of Strategic Education from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Finally, BMO Capital Markets raised their price objective on shares of Strategic Education from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $88.67.

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.