Piedmont Investment Advisors Inc. boosted its position in shares of Strategic Education Inc (NASDAQ:STRA) by 6.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,470 shares of the health services provider’s stock after purchasing an additional 318 shares during the quarter. Piedmont Investment Advisors Inc.’s holdings in Strategic Education were worth $718,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Capital Management LLC bought a new position in Strategic Education in the first quarter valued at approximately $6,785,000. Hsbc Holdings PLC bought a new position in Strategic Education in the fourth quarter valued at approximately $214,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Strategic Education by 12.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,397 shares of the health services provider’s stock valued at $158,000 after acquiring an additional 153 shares during the last quarter. Millennium Management LLC increased its stake in Strategic Education by 100.9% in the fourth quarter. Millennium Management LLC now owns 13,862 shares of the health services provider’s stock valued at $1,572,000 after acquiring an additional 6,963 shares during the last quarter. Finally, Chartwell Investment Partners LLC boosted its position in Strategic Education by 99.0% in the fourth quarter. Chartwell Investment Partners LLC now owns 61,597 shares of the health services provider’s stock valued at $6,986,000 after buying an additional 30,638 shares in the last quarter. Institutional investors own 97.07% of the company’s stock.
STRA has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Strategic Education from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Barrington Research reiterated a “buy” rating and set a $180.00 price target on shares of Strategic Education in a report on Friday, March 1st. BMO Capital Markets boosted their target price on shares of Strategic Education from $131.00 to $162.00 and gave the company an “outperform” rating in a report on Monday, March 4th. ValuEngine upgraded shares of Strategic Education from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Finally, Zacks Investment Research raised shares of Strategic Education from a “sell” rating to a “hold” rating and set a $182.00 price target for the company in a research note on Thursday, May 2nd. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $184.00.
Strategic Education (NASDAQ:STRA) last released its earnings results on Wednesday, May 1st. The health services provider reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.23. The firm had revenue of $246.50 million for the quarter, compared to analysts’ expectations of $240.71 million. Strategic Education had a negative net margin of 1.78% and a positive return on equity of 8.74%. The company’s quarterly revenue was up 111.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 earnings per share. On average, equities analysts predict that Strategic Education Inc will post 6.47 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Friday, May 24th. Strategic Education’s payout ratio is currently 42.11%.
In other news, Director Robert R. Grusky sold 2,515 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $167.19, for a total value of $420,482.85. Following the transaction, the director now owns 10,776 shares of the company’s stock, valued at approximately $1,801,639.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director G Thomas Waite III sold 3,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $178.59, for a total transaction of $535,770.00. Following the transaction, the director now directly owns 11,951 shares in the company, valued at approximately $2,134,329.09. The disclosure for this sale can be found here. Insiders have sold a total of 64,300 shares of company stock worth $9,579,920 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.
About Strategic Education
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.
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