Strategic Education, Inc. (NASDAQ:STRA) Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its stake in Strategic Education, Inc. (NASDAQ:STRA) by 47.2% during the 4th quarter, HoldingsChannel reports. The firm owned 11,715 shares of the health services provider’s stock after acquiring an additional 3,759 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Strategic Education were worth $1,094,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC grew its stake in shares of Strategic Education by 10,374.4% in the third quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider’s stock valued at $18,467,000 after buying an additional 197,633 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Strategic Education by 76.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock worth $36,941,000 after acquiring an additional 173,225 shares during the period. Weiss Asset Management LP acquired a new stake in Strategic Education in the third quarter valued at approximately $5,635,000. State Street Corp raised its stake in shares of Strategic Education by 6.1% during the third quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock valued at $82,382,000 after purchasing an additional 50,980 shares during the period. Finally, Lightrock Netherlands B.V. purchased a new stake in shares of Strategic Education during the fourth quarter valued at approximately $4,625,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on STRA shares. StockNews.com raised shares of Strategic Education from a “hold” rating to a “buy” rating in a report on Wednesday. Barrington Research reissued an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Strategic Education has an average rating of “Buy” and a consensus target price of $126.00.

Strategic Education Trading Up 0.6 %

STRA stock opened at $97.94 on Thursday. The firm has a 50 day simple moving average of $96.88 and a 200-day simple moving average of $94.93. The company has a market capitalization of $2.41 billion, a P/E ratio of 18.66, a PEG ratio of 1.22 and a beta of 0.59. Strategic Education, Inc. has a twelve month low of $85.11 and a twelve month high of $123.62.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Monday, December 2nd. Strategic Education’s dividend payout ratio is currently 45.71%.

Strategic Education Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.