State of Alaska Department of Revenue boosted its holdings in shares of Strategic Education Inc (NASDAQ:STRA) by 126.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,925 shares of the health services provider’s stock after buying an additional 9,463 shares during the period. State of Alaska Department of Revenue’s holdings in Strategic Education were worth $2,299,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of STRA. Steward Partners Investment Advisory LLC acquired a new position in Strategic Education in the 2nd quarter worth about $31,000. Advisor Group Inc. increased its position in Strategic Education by 17.8% in the 2nd quarter. Advisor Group Inc. now owns 676 shares of the health services provider’s stock worth $119,000 after purchasing an additional 102 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Strategic Education by 134.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 701 shares of the health services provider’s stock worth $126,000 after purchasing an additional 402 shares during the last quarter. NEXT Financial Group Inc acquired a new position in Strategic Education in the 2nd quarter worth about $170,000. Finally, O Shares Investment Advisers LLC acquired a new position in Strategic Education in the 2nd quarter worth about $208,000. 94.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ STRA traded up $1.80 during mid-day trading on Wednesday, reaching $134.34. 2,057 shares of the company traded hands, compared to its average volume of 159,198. The stock has a market cap of $2.94 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 1.34 and a beta of 0.54. The company’s fifty day moving average is $155.79 and its two-hundred day moving average is $164.26. Strategic Education Inc has a fifty-two week low of $102.21 and a fifty-two week high of $189.79.
Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Wednesday, July 31st. The health services provider reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.12. The business had revenue of $245.10 million for the quarter, compared to analyst estimates of $240.79 million. Strategic Education had a return on equity of 8.65% and a net margin of 0.62%. The firm’s revenue for the quarter was up 113.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 EPS. As a group, sell-side analysts predict that Strategic Education Inc will post 6.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Friday, August 30th. Strategic Education’s dividend payout ratio is 42.11%.
STRA has been the topic of several research reports. Zacks Investment Research lowered Strategic Education from a “buy” rating to a “hold” rating and set a $154.00 target price on the stock. in a research report on Monday, July 8th. Barrington Research reaffirmed an “outperform” rating and issued a $210.00 target price (up from $185.00) on shares of Strategic Education in a research report on Wednesday, July 31st. ValuEngine lowered Strategic Education from a “hold” rating to a “sell” rating in a research report on Monday. First Analysis reissued a “strong-buy” rating and set a $216.00 price objective (up previously from $210.00) on shares of Strategic Education in a report on Friday, June 28th. Finally, BidaskClub lowered Strategic Education from a “sell” rating to a “strong sell” rating in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Strategic Education presently has a consensus rating of “Hold” and a consensus target price of $193.50.
Strategic Education Company Profile
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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