Meadowbrook Advisors Group LLC Purchases New Shares in Strategic Education Inc. $STRA

Meadowbrook Advisors Group LLC purchased a new position in shares of Strategic Education Inc. (NASDAQ:STRA) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 8,460 shares of the health services provider’s stock, valued at approximately $678,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Strategic Education by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,195 shares of the health services provider’s stock valued at $1,360,000 after purchasing an additional 487 shares during the period. Jane Street Group LLC boosted its stake in shares of Strategic Education by 40.2% during the first quarter. Jane Street Group LLC now owns 43,433 shares of the health services provider’s stock worth $3,647,000 after buying an additional 12,444 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Strategic Education by 192.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,162 shares of the health services provider’s stock worth $99,000 after buying an additional 765 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Strategic Education by 20.0% during the second quarter. First Trust Advisors LP now owns 24,657 shares of the health services provider’s stock worth $2,099,000 after buying an additional 4,118 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Strategic Education in the 2nd quarter valued at about $246,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Strategic Education

In other news, insider Christa Hokenson sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $80.00, for a total value of $160,000.00. Following the completion of the sale, the insider directly owned 65,195 shares of the company’s stock, valued at $5,215,600. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Thawley purchased 665 shares of Strategic Education stock in a transaction dated Friday, April 24th. The stock was acquired at an average cost of $72.71 per share, with a total value of $48,352.15. Following the completion of the acquisition, the director directly owned 12,154 shares in the company, valued at approximately $883,717.34. This trade represents a 5.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 3.60% of the company’s stock.

Strategic Education Stock Performance

STRA stock opened at $75.33 on Friday. The stock has a market capitalization of $1.70 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.70 and a beta of 0.51. The company has a fifty day moving average of $78.91 and a 200-day moving average of $80.42. Strategic Education Inc. has a one year low of $69.70 and a one year high of $88.50.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, April 23rd. The health services provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.09). The firm had revenue of $305.93 million for the quarter, compared to analyst estimates of $329.81 million. Strategic Education had a return on equity of 8.78% and a net margin of 10.21%.The company’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.30 earnings per share. Equities analysts forecast that Strategic Education Inc. will post 7.2 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 22nd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, May 22nd. Strategic Education’s payout ratio is currently 42.40%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wall Street Zen raised Strategic Education from a “hold” rating to a “buy” rating in a research note on Tuesday. Barrington Research lowered their target price on Strategic Education from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Zacks Research downgraded Strategic Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. BMO Capital Markets dropped their target price on Strategic Education from $95.00 to $86.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Finally, Truist Financial cut their price target on Strategic Education from $85.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $87.00.

Strategic Education Company Profile

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.