KLP Kapitalforvaltning AS Decreases Holdings in Strategic Education Inc. (NASDAQ:STRA)

KLP Kapitalforvaltning AS cut its stake in shares of Strategic Education Inc. (NASDAQ:STRA) by 14.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,400 shares of the health services provider’s stock after selling 1,100 shares during the period. KLP Kapitalforvaltning AS’s holdings in Strategic Education were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in STRA. Sterling Capital Management LLC boosted its holdings in shares of Strategic Education by 809.1% in the fourth quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider’s stock worth $65,000 after buying an additional 623 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Strategic Education by 44.0% in the fourth quarter. Covestor Ltd now owns 1,431 shares of the health services provider’s stock worth $134,000 after buying an additional 437 shares during the last quarter. Significant Wealth Partners LLC increased its stake in shares of Strategic Education by 17.3% in the 1st quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider’s stock worth $226,000 after purchasing an additional 396 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Strategic Education by 13.4% in the 4th quarter. HighTower Advisors LLC now owns 2,777 shares of the health services provider’s stock worth $259,000 after purchasing an additional 329 shares in the last quarter. Finally, NBC Securities Inc. increased its stake in shares of Strategic Education by 105,000.0% in the 1st quarter. NBC Securities Inc. now owns 3,153 shares of the health services provider’s stock worth $264,000 after purchasing an additional 3,150 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Price Performance

NASDAQ:STRA opened at $74.25 on Thursday. Strategic Education Inc. has a one year low of $73.07 and a one year high of $113.04. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 0.93 and a beta of 0.52. The business has a fifty day moving average price of $83.95 and a 200-day moving average price of $86.82.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Wednesday, July 30th. The health services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Strategic Education had a return on equity of 7.29% and a net margin of 9.14%. The business had revenue of $321.47 million during the quarter, compared to analyst estimates of $322.84 million. During the same quarter in the prior year, the business posted $1.33 EPS. Strategic Education’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.23%. Strategic Education’s payout ratio is presently 51.28%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Truist Financial set a $105.00 price objective on Strategic Education in a research note on Thursday, April 24th. BMO Capital Markets upped their price objective on Strategic Education from $97.00 to $98.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Barrington Research restated an “outperform” rating and issued a $105.00 price objective on shares of Strategic Education in a research note on Wednesday. Finally, Wall Street Zen upgraded Strategic Education from a “hold” rating to a “buy” rating in a research note on Friday, April 25th.

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.