Ingalls & Snyder LLC Reduces Stock Position in Strategic Education Inc (NASDAQ:STRA)

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Ingalls & Snyder LLC reduced its holdings in Strategic Education Inc (NASDAQ:STRA) by 2.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,219 shares of the health services provider’s stock after selling 393 shares during the period. Ingalls & Snyder LLC’s holdings in Strategic Education were worth $2,259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of STRA. FMR LLC grew its stake in shares of Strategic Education by 694,279.2% in the 1st quarter. FMR LLC now owns 166,651 shares of the health services provider’s stock worth $21,883,000 after buying an additional 166,627 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Strategic Education by 229.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 5,934 shares of the health services provider’s stock worth $780,000 after purchasing an additional 4,134 shares during the period. LPL Financial LLC purchased a new position in shares of Strategic Education during the 2nd quarter worth about $515,000. Northern Trust Corp boosted its stake in shares of Strategic Education by 1.5% during the 2nd quarter. Northern Trust Corp now owns 291,085 shares of the health services provider’s stock worth $51,814,000 after purchasing an additional 4,398 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Strategic Education by 8.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 107,129 shares of the health services provider’s stock worth $19,069,000 after purchasing an additional 8,482 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

NASDAQ:STRA opened at $160.80 on Thursday. Strategic Education Inc has a one year low of $106.35 and a one year high of $189.79. The firm has a market cap of $3.57 billion, a P/E ratio of 33.85, a P/E/G ratio of 1.43 and a beta of 0.54. The firm has a 50-day simple moving average of $152.26 and a 200-day simple moving average of $155.70.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.20 by $0.08. Strategic Education had a net margin of 7.69% and a return on equity of 9.40%. The business had revenue of $241.70 million during the quarter, compared to analyst estimates of $237.24 million. During the same quarter in the previous year, the business posted $0.92 EPS. The company’s quarterly revenue was up 50.2% compared to the same quarter last year. Sell-side analysts expect that Strategic Education Inc will post 6.63 EPS for the current fiscal year.

A number of equities analysts recently commented on the stock. BidaskClub raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Friday, December 27th. Zacks Investment Research cut shares of Strategic Education from a “hold” rating to a “sell” rating and set a $143.00 price objective for the company. in a research report on Tuesday, October 15th. ValuEngine cut shares of Strategic Education from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. BMO Capital Markets boosted their price objective on shares of Strategic Education from $167.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Finally, Barrington Research reissued a “buy” rating and issued a $175.00 price objective on shares of Strategic Education in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $178.50.

In other news, Vice Chairman J Kevin Gilligan sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $132.73, for a total value of $1,327,300.00. Following the completion of the sale, the insider now owns 50,428 shares in the company, valued at approximately $6,693,308.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.60% of the company’s stock.

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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Institutional Ownership by Quarter for Strategic Education (NASDAQ:STRA)

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