Covestor Ltd Cuts Stake in Strategic Education, Inc. (NASDAQ:STRA)

Covestor Ltd cut its position in Strategic Education, Inc. (NASDAQ:STRA) by 16.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 994 shares of the health services provider’s stock after selling 200 shares during the quarter. Covestor Ltd’s holdings in Strategic Education were worth $92,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STRA. Marshfield Associates increased its position in shares of Strategic Education by 0.5% during the second quarter. Marshfield Associates now owns 1,820,621 shares of the health services provider’s stock valued at $201,470,000 after acquiring an additional 9,171 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Strategic Education by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider’s stock valued at $160,212,000 after purchasing an additional 48,462 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Strategic Education by 2.1% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,209,100 shares of the health services provider’s stock worth $133,799,000 after purchasing an additional 25,269 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its stake in shares of Strategic Education by 0.6% in the second quarter. Disciplined Growth Investors Inc. MN now owns 450,928 shares of the health services provider’s stock worth $49,900,000 after purchasing an additional 2,749 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Strategic Education by 7.4% during the second quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider’s stock valued at $40,914,000 after purchasing an additional 25,455 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Strategic Education Trading Up 0.5 %

STRA opened at $98.49 on Thursday. The company’s 50 day moving average is $90.87 and its 200 day moving average is $102.80. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.37 and a beta of 0.57. Strategic Education, Inc. has a 12-month low of $85.11 and a 12-month high of $123.62.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.35. The business had revenue of $305.96 million for the quarter, compared to analysts’ expectations of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 EPS. As a group, analysts predict that Strategic Education, Inc. will post 4.76 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Monday, December 2nd. Strategic Education’s payout ratio is 45.71%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on STRA shares. Truist Financial decreased their target price on Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets decreased their price objective on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Barrington Research restated an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a report on Thursday, November 7th. Finally, StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Strategic Education currently has an average rating of “Moderate Buy” and a consensus target price of $126.00.

Strategic Education Company 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.