PDT Partners LLC Invests $3.52 Million in Strategic Education Inc. $STRA

PDT Partners LLC acquired a new stake in Strategic Education Inc. (NASDAQ:STRA) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 45,953 shares of the health services provider’s stock, valued at approximately $3,521,000.

A number of other institutional investors also recently bought and sold shares of STRA. Axiom Investment Management LLC acquired a new position in shares of Strategic Education during the 1st quarter worth approximately $25,000. Allworth Financial LP grew its holdings in Strategic Education by 88.5% in the 3rd quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock valued at $25,000 after buying an additional 138 shares during the period. Hantz Financial Services Inc. increased its position in Strategic Education by 154.2% during the fourth quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock worth $27,000 after purchasing an additional 202 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Strategic Education by 85.2% in the 2nd quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock worth $33,000 after buying an additional 178 shares during the period. Finally, Sankala Group LLC purchased a new position in shares of Strategic Education in the 4th quarter worth about $37,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Strategic Education

In other news, insider Christa Hokenson sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $80.00, for a total value of $160,000.00. Following the completion of the sale, the insider owned 65,195 shares of the company’s stock, valued at approximately $5,215,600. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on STRA shares. Wall Street Zen raised Strategic Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. BMO Capital Markets boosted their price target on Strategic Education from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Zacks Research cut Strategic Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Truist Financial increased their price objective on shares of Strategic Education from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Finally, Barrington Research set a $105.00 target price on shares of Strategic Education in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $95.33.

Strategic Education Price Performance

Shares of Strategic Education stock opened at $85.31 on Thursday. Strategic Education Inc. has a 1-year low of $69.70 and a 1-year high of $89.73. The company has a market capitalization of $1.89 billion, a PE ratio of 14.22, a P/E/G ratio of 0.79 and a beta of 0.49. The business has a 50-day moving average of $80.58 and a 200-day moving average of $80.00.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Wednesday, July 29th. The health services provider reported $1.76 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.04). Strategic Education had a return on equity of 8.98% and a net margin of 10.46%.The business had revenue of $321.60 million during the quarter, compared to analyst estimates of $327.55 million. During the same quarter last year, the firm posted $1.54 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts expect that Strategic Education Inc. will post 7.23 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 4th. Strategic Education’s dividend payout ratio (DPR) is currently 40.00%.

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.